Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
$4,495,000
Pleased to present 1110 S Oakhurst Dr, a 13 unit apartment building located adjacent to Beverly Hills, California. Constructed in 1966, this property features (5) one-bedroom + one-bathroom units, (4) one-bedroom + one-and-a-half-bathroom units with a den, and(4) two-bedroom + two-bathroom units. The building encompasses 13,939 gross square feet and… Read More is seton a 9,689-square-foot lot.Situated on a picturesque, tree-lined residential street, 1110 S Oakhurst Dr offers exceptional access to employment opportunities, particularly with the media and technology growth in Hollywood/Miracle Mile. The property is also surrounded by LA's iconic landmarks and dining destinations, such as Rodeo Drive and Century City Mall. Additionally, it provides convenient access to major thorough fares including Olympic Blvd, Pico Blvd, and Robertson Blvd.1110 S Oakhurst Dr represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.63% with the ability to improve to a 6.79% CAP rate once units turnover. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
17
Square Ft.
13,939
Lot Size
0.22 Acres
Year Built
1966
MLS Number
25518655
30 Days Snapshot Of 90035
$2,548k
+62%
(avg) sold price
4
-42%
homes sold
59
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1966, Building area total: 13,939, Levels: MultiSplit, Living area: 13939, 1 building
Cooling
None
Heating
None
Income
Gross income: $356,780, Net operating income: $207,949
Lot
0.2225 acres, 9,692 square feet, Size: 9,692
Parking
20 totals parking, Carport
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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