Los Angeles, Residential Income – 117 North Hamilton Drive, Beverly Hills, CA 90211 -001-11-30T00:00:00-08:00
Pride of ownership first time on market in 45 years. 3 story mid-century building, with an elevator and subterranean parking. 21 large units. 31 parking spaces. All in excellent condition. Great mix of: (3) 2BD 1.75BA + Den, (3) 2BD 1.75BA, (3) 1BD 1.75BA +
117 North Hamilton Drive, Beverly Hills, CA 90211
$11,500,000 USD
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Address117 North Hamilton Drive, Beverly Hills
Price$11,500,000
Price Changed14.81% (-$2,000,000, 11 days ago)
Year Built1965
Bedrooms Total0
Living Area25,686
Lot Size (Sq.Ft.)13,006
Listing ID17235856
StatusPending
Parcel Number4334021062
ZoningBHR475
Special ConditionsStandard
Days on Market103

Detailed Description: Pride of ownership first time on market in 45 years. 3 story mid-century building, with an elevator and subterranean parking. 21 large units. 31 parking spaces. All in excellent condition. Great mix of: (3) 2BD 1.75BA + Den, (3) 2BD 1.75BA, (3) 1BD 1.75BA + Den, (2) 1BD 1.5BA + Den, (6) 1BD 1.5BA, (4) 1BD 1BA. Great upside potential in the great City of Beverly Hills location. Walk score. 92 with shops, restaurants and a New Metro station under construction that are all a few minutes walk away! Building contains unused sq footage that may allow for future enlarging of several units. Buyer to verify. Cap rate includes property taxes based on list price. REVIEWING OFFERS SEPTEMBER 5.

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Address Information
Address117 North Hamilton Drive, Beverly Hills
Street PrefixNorth
Street SuffixDrive
CityBeverly Hills
Location (MLS Area)C01 – Beverly Hills
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90211
Financial Information
Purchase Contract DateSeptember 13, 2017
Price Changed-14.8148%
Previous Price$13,500,000
Price per Square Foot$447.71
Price per Lot Square Foot$884.21
Special ConditionsStandard
Total Expenses$98,055
Gross Operating Income$532,914
Net Operating Income$294,559
Gross Multiplier21.58%
Tax Year2000
Full Descriptions
Parcel Number4334021062
Detailed DescriptionPride of ownership first time on market in 45 years. 3 story mid-century building, with an elevator and subterranean parking. 21 large units. 31 parking spaces. All in excellent condition. Great mix of: (3) 2BD 1.75BA + Den, (3) 2BD 1.75BA, (3) 1BD 1.75BA + Den, (2) 1BD 1.5BA + Den, (6) 1BD 1.5BA, (4) 1BD 1BA. Great upside potential in the great City of Beverly Hills location. Walk score. 92 with shops, restaurants and a New Metro station under construction that are all a few minutes walk away! Building contains unused sq footage that may allow for future enlarging of several units. Buyer to verify. Cap rate includes property taxes based on list price. REVIEWING OFFERS SEPTEMBER 5.
Cooling DescriptionCentral
Parking FeaturesGarage Door Opener, Controlled Entrance, Covered Parking
Property parameters
Year Built1965
Living Area (Sq.Ft.)25,686
Lot Size (Sq.Ft.)13,006
Lot Size (Acres)0.29
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total21
ZoningBHR475
Stories Total3
Units Total21
Cap Rate (For Cash Payment Only)2.56
Listed withRonald Goldhammer (Berkshire Hathaway HomeService)