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314 S Clark Dr

Los Angeles, CA 90048
  • $3,500,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • MLS #: 21-786248
Under Contract
$3,500,000
  • 11
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,406
    SQFT
  • $546
    $/SQFT
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Description

Fabulous value-add opportunity in Beverly Grove just half block outside Beverly Hills in one of the best rental markets in the city. THREE OWNER'S UNITS DELIVERED VACANT!!! Very well-cared-for building with copper plumbing and soft-story EQ retrofit completed. Beautiful 2 and 3-bedroom units averaging 1,281 square feet. Located between Burton Way and 3rd Street, 1 block west of Robertson's trendy restaurant, shopping and entertainment district and a few blocks from the Beverly Hills Four Seasons Hotel. Parking, Laundry room, charming, low maintenance landscaping. This is a great building ; Do not miss this opportunity!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-21T23:42:37.967. 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.deserthouseseekers.com/homes/121724006
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314 S Clark Dr Los Angeles, CA 90048

  • Price: $3,500,000
  • Status: Active Under Contract
  • MLS #: 21-786248
11
Beds
0
Baths
0
½ Baths
0.14
Acres
6,406
SQFT
$546
$/SQFT
1966
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
Fabulous value-add opportunity in Beverly Grove just half block outside Beverly Hills in one of the best rental markets in the city. THREE OWNER'S UNITS DELIVERED VACANT!!! Very well-cared-for building with copper plumbing and soft-story EQ retrofit completed. Beautiful 2 and 3-bedroom units averaging 1,281 square feet. Located between Burton Way and 3rd Street, 1 block west of Robertson's trendy restaurant, shopping and entertainment district and a few blocks from the Beverly Hills Four Seasons Hotel. Parking, Laundry room, charming, low maintenance landscaping. This is a great building ; Do not miss this opportunity!
Exterior Features

Covered Parking 5 Direction Faces West Levels Two Lot Location City Lot Size Area 6000 Other Structures None Parking Garage Carport Attached Pool Description None Pool YN No Spa None Spa YN No Style Modern Tennis Court None Tennis YN No Total Parking 5 View Description City View YN Yes Water Frontage None

Interior Features

Baths Total 10.00 Common Walls Attached Cooking Appliances OvenCooktop - Gas Cooling Wall Unit(S) Equipment DishwasherRange/OvenGarbage Disposal Flooring MixedTileHardwoodLaminate Heating Central Laundry RoomLaundry Area Water Heater Features Gas

Property Features

Assessed Total Value 1059331 Garage Income 1800.00 Gross Income 194436 Gross Operating Income 188657 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 113121.00 Number Of Buildings 1 Number Of Units 5 Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 75536 Type Of Units Apartments Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lar4

Listing provided courtesy of Eric Sackler DRE#01057377 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-21T23:42:37.967. 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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Zwemmer Realty Group | Keller Williams Realty
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