NOT LISTED FOR SALE

350 S Mccarty Dr Beverly Hills, CA 90212

12 Beds
12 Baths
6,948 Sq Ft
8,400 Sq Ft Lot

Last Sold June 21, 2013

Last sale price $2,702,000 $389 Per Sq Ft

147 Days on Market

Highlights

  • Air Conditioning
  • Central Heating
  • Gas Fireplace
  • Beverly Hills High School Rated A
  • Laundry Facilities
  • 3-minute walk to Roxbury Park

About This Home

As of June 2013

Rare opportunity to acquire a 100% vacant, rehab-ready project located in the City of Beverly Hills. Unique mid-century modern architecture with lots of open and outdoor space. Large private terraces. Once rehabbed, this will be one of the premier multifamily buildings in Beverly Hills. This is a great opportunity to renovate a trophy asset. Plans approved and permits ready.Rents are projected rents after total renovation. GRM and Cap Rate based on acquisition cost and renovation costs. Property has all approved plans from City of Beverly Hills. Full investment memorandum available, contact listing agent. Property Highlights:*Unit Mix: 8 Units - Four (4) 2 Bedroom/ 2 Bath & Four (4) 1 Bedroom/ 1 Bath*8 Covered Parking Places*1 Mile Average Household Incomes: Over $108,000*1955 Construction, Rare Modern Architecture*Zoning: BHR4*Adjacent to Roxbury Park and Century City

Last Agent to Sell the Property

Trevor Nelson

Trevor Carl Nelson License #01495150 Listed on: 10/29/2012

Last Buyer's Agent

Serge Gharibian

License #01126253

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,400 Sq Ft Lot

Interior Spaces

  • 6,948 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces
  • Assigned Parking

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4328-017-016

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 6948
  • Stories: 2
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Gas, Gas and Wood
  • Bedrooms: 12
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 424.58

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking: 8
  • Parking Garage: Assigned, Covered Parking
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 628600
  • Assessed Land Value: 1571400
  • Assessor Parcel Number: 4328-017-016
  • Lot Size Area: 8400

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.40
  • Number Of Units: 8
  • Type Of Units: Rental

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft
06/21/2013 06/21/13 Sold $2,702,000 -9.9% $389 / Sq Ft
03/25/2013 03/25/13 Pending -- -- --
10/29/2012 10/29/12 For Sale $3,000,000 -- $432 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,169 $3,324,846 $2,247,351 $1,077,495
2024 $40,169 $3,259,654 $2,203,286 $1,056,368
2023 $39,459 $3,195,740 $2,160,085 $1,035,655
2022 $38,346 $3,133,080 $2,117,731 $1,015,349
2021 $37,221 $3,071,648 $2,076,207 $995,441
2019 $36,165 $2,981,223 $2,014,627 $966,596
2018 $34,727 $2,922,782 $1,975,125 $947,657
2016 $33,259 $2,808,635 $1,898,430 $910,205
2015 $31,860 $2,766,447 $1,869,914 $896,533
2014 $30,857 $2,712,257 $1,833,285 $878,972
Source: Public Records

Agents Affiliated with this Home

  • Trevor Nelson

    Seller's Agent in 2013

    Trevor Nelson

    Trevor Carl Nelson

    (310) 909-4928

    5 Total Sales

    Trevor Nelson
    Section Image

  • S

    Buyer's Agent in 2013

    Serge Gharibian

  • N

    Buyer's Agent in 2013

    Non Non Member

See All Agents

Map

Source: The MLS

MLS Number: 12-634563

The MLS
California Los Angeles County Beverly Hills 90212

350 S Mccarty Dr, Beverly Hills, CA

Not Listed for Sale

MultiFamily

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