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    9500 W Olympic Blvd

    Beverly Hills, CA 90212
    • $8,750,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: 20-617364
    $8,750,000
    • 14
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,270
      SQFT
    • $776
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Beverly Hills Oasis Apartments, a 16-unit apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, southwest corner of Olympic Blvd. & El Camino Drive. The two-story building features, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. While the subject property has been well-maintained under current ownership, investors will have the opportunity to upgrade remaining units to capitalize on the demand for renovated interiors and take advantage of the superior submarket. 9 units will be delivered vacant.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-30T23:42:43.793. 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.
    www.randyplaice.com/homes/108799610
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    9500 W Olympic Blvd Beverly Hills, CA 90212

    • Price: $8,750,000
    • Status: Active
    • ID#: 20-617364
    14
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,270
    SQFT
    $776
    $/SQFT
    1948
    Built
    Neighborhood:
    Beverly Hills
    County:
    Los Angeles
    Area:
    Beverly Hills
    Property Description
    Beverly Hills Oasis Apartments, a 16-unit apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, southwest corner of Olympic Blvd. & El Camino Drive. The two-story building features, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. While the subject property has been well-maintained under current ownership, investors will have the opportunity to upgrade remaining units to capitalize on the demand for renovated interiors and take advantage of the superior submarket. 9 units will be delivered vacant.
    Exterior Features

    Lot Size Area 12106 Other Structures None Parking Garage Assigned Pool Description In Ground Pool YN Yes Total Parking 9 View Description CityCity LightsCourtyardTree TopTrees/WoodsPool View YN Yes

    Interior Features

    Baths Total 16.00 Cooling Air Conditioning Equipment Built-InsDishwasherFreezerGarbage DisposalGas Or Electric Dryer HookupMicrowaveRefrigeratorRange/Oven Flooring WoodTileCarpet Heating Wall Laundry InsideCommunity

    Property Features

    Gross Income 519636 Gross Operating Income 504047 Like Units1 2 Like Units2 14 Net Operating Income 339659.00 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 164388 Type Of Units Apartments Water Heaters YN Yes Year Built Source Assessor Zoning Bhr4*

    Listing provided courtesy of Iman Eshaghyan DRE#01494608 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-30T23:42:43.793. 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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