414 N Palm Drive
Beverly Hills, CA 90210
$1,000,000.00 (-12.58%)
Active for $6,950,000
Beds: 16 Baths: 16 Structure Size: 17,050 sqft Lot Size: 7,705 sqft
| MLS | 23325758 |
| Year Built | 1962 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $6,950,000 |
| Structure Size | 17,050 sqft |
| Lot Size | 7,705 sqft |
| Beds | 16 |
| Baths | 16 |
Description
Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S.F.) & 2/2 (1,500 S.F.). 2,500 S.F. Penthouse unit located on the 4th Floor suitable for owner to use will be delivered vacant at closing. Significant (25%) upside in rents. 15.5 x Gross & 4.3% Cap with existing rents; 12.3 x Gross & 5.8% Cap with rents at market. Seller has spent over $300,000 in renovation in the past year. Priced at only $408/S.F. Seller is willing to offer concession.
Listing information courtesy of: Hamid Soroudi, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of 10/06/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Amy Nikoghosyan
REALTOR®
Direct: 818.464.8979
Email: Email Me
DRE: 02144593
DRE #01873088
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