Apartment Block For Sale In Beverly Hills

Description:
Trophy Property in the heart of Beverly Hills. Near multi-million-dollar condominiums at Four Seasons North (300 N. Swall Dr., Beverly Hills) selling over $1,200/S.F. Large 1-BR, 2-BR, 2+Den and P.H. units; some units have wet bars. The 3,000 +/- S.F. 3-BR+Den/2.5 BA PH. Unit is on the 5th floor with huge rooftop outdoor space, built-in BBQ, private elevator access, washer and dryer, wet bar, panoramic city views. Trophy multi-family Property, north of Wilshire location, controlled access, grand entry lobby, 2-level subterranean parking garage. Significant (59%) upside in rents. Priced at 10.3 x gross and 6.3% cap with rents at market. Assumable loan of $8,290,000 @ 4.52% fixed until 7/1/29 has a market value over $490,000 compared to a new loan at 6%.