Beverly Hills, CA 90211,257 N Almont DR
Beverly Hills, CA 90211,257 N Almont DR
Beverly Hills, CA 90211,257 N Almont DR
Beverly Hills, CA 90211,257 N Almont DR
Beverly Hills, CA 90211,257 N Almont DR
Beverly Hills, CA 90211,257 N Almont DR
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$2,900,000

$3,150,000

7.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8 Beds

6 Baths

4,948 SqFt


SOLD DATE : 10/20/2023

Key Details

Sold Price $2,900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,948 sqft

Price per Sqft $586

MLS Listing ID 23315153

Sold Date 10/20/23

Bedrooms 8

HOA Y/N No

Year Built 1935

Lot Size 5,732 Sqft

Acres 0.1316

Property Description

We are pleased to present the exclusive listing of 257, 259, 261 and 263 N Almont Drive, a charming, well-maintained 4-unit apartment home. Built in 1935 and held by the same ownership for over 5 decades, this property marries historic Spanish-style architecture with contemporary upgrades, including Central Air Conditioning and Heat. The unit mix offers two townhomes one featuring 3 bedrooms (one of which is an infant nook) and the 2 other bedrooms both with 1 full bathroom, plus an additional half bathroom. Additionally, two 2-bedroom ats provide further exibility in leasing options. Many units are equipped with in-unit washer-dryer facilities, enhancing tenant satisfaction. From an investor's perspective, the property ensures tenant retention and demand through meaningful upgrades and secure covered parking spaces, totaling four in number. Ideally located in the unique quiet neighborhood pocket of the southwest corner of Dayton Way and Almont Dr 2 blocks East Doheny and 4 blocks west of Robertson, 2 blocks north of Wilshire Boulevard, and 1 block south of Burton Way. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills. In summary, this exclusive investment opportunity at 257-263 N Almont Drive, BH combines a prime location, versatile unit mix, access to Beverly Hills' elite demographics, and superior existing tenants and property manager, make this rare treasure an enticing offering in one of the most prestigious neighborhoods in Beverly Hills. Buyer to verify information independently and with listing broker

Location

State CA

County Los Angeles

Area C01 - Beverly Hills

Zoning BHR4YY

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Garage Private

Parking Type Private

Attached Garage Yes

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Architectural Style Spanish

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4335023001

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eliyahu Appel • Marcus & Millichap
Bought with Juliet Shoham • Power Brokers
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+1(949) 664-4349

shannon@shannonlouis.com

4040 Barranca Pkwy Suite 150, Irvine, CA, 92604

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