NOT LISTED FOR SALE
4 Beds
8 Baths
5,498 Sq Ft
6,654 Sq Ft Lot

Last Sold May 03, 2024

Last sale price $2,925,000 $532 Per Sq Ft

107 Days on Market

About This Home

As of May 2024

This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of an eight (8) unit apartment building located at 127-129 North Doheny Drive in Los Angeles, California. The subject property is situated in a prime Beverly Grove location; just a few doors South of Beverly Boulevard, West of North Robertson Boulevard, and abutting Beverly Hills. Built in 1941, the North Doheny Apartments have been well well-maintained by the same ownership for over 50 years. The offering features a great unit mix consisting of two (2) 1 bed / 1 bath units, two (2) 1 bed/1 bath + den units, and (4) studios. Most units feature bay windows, breakfast rooms, hardwood and hardwood style floors, stainless steel appliances, refrigerator, stove, and a dishwasher. Tenants also have the luxury of (6) covered parking spots and on-site laundry. The total size of the building is approximately 5,498 square feet and sits on a 6,652 square foot lot that is LAR4 zoned.The offering is situated in a prime Beverly Grove location, on the Northeastern border of Beverly Hills. The property is in walking distance to the famed Beverly Boulevard with attractions that include world renowned dining destinations, high end luxury retailers, Bristol Farms, and many more elite destinations. The Subject property is in close proximity to the Beverly Hills Four Seasons, Cedars Sinai Hospital, The Beverly Center and a wide array of the most notable dining, shopping, and entertainment options that Los Angeles has to offer. Nestled between West Hollywood & the Norma Triangle to the North, Beverly Grove to the Southeast, and Beverly Hills to the West, this property benefits from extremely healthy demographics, and an ever-booming employment sector with endless designer brands on every corner. Doheny's dominant access to Santa Monica and San Vicente Boulevards benefit its commuting tenants via. quick access to the 10 and 405 Freeways. The North Doheny Apartments provide a rare opportunity for an experienced investor to acquire in one of California's most notable rental pockets with the highest barriers to entry.

Last Agent to Sell the Property

Eliyahu Appel

Marcus & Millichap License #01918652 Listed on: 11/27/2023

Co-Listed By

Jeff Louks

Marcus & Millichap License #00908473

Last Buyer's Agent

Dana Brody

Dana Brody License #01429001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,654 Sq Ft Lot

Interior Spaces

  • 5,498 Sq Ft Home
  • 2-Story Property

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Community Details

  • 8 Units
  • Vacancy Allowance $5,821

Listing and Financial Details

  • Assessor Parcel Number 4335-006-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5498
  • Lot Acreage: 0.1528
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 8.00
  • Equipment: Refrigerator, Microwave, Dishwasher
  • Price Per S Q F T: 540.20

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Natural Gas, Electric

Lot Info

  • Assessed Improvement Percent: 28.81
  • Assessed Improvement Value: 174360
  • Assessed Land Percent: 71.19
  • Assessed Land Value: 430821
  • Total Assessed Value: 605181
  • Assessor Parcel Number: 4335-006-029
  • Lot Size Area: 6654

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.31
  • Number Of Units: 8
  • Total Annual Expense: 70213
  • Type Of Units: Apartments
  • Vacancy Allow: 5821
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $2,925,000 -1.5% $532 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
01/18/2024 01/18/24 Price Changed $2,970,000 -8.6% $540 / Sq Ft
11/27/2023 11/27/23 For Sale $3,250,000 -- $591 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-334905

The MLS