NOT LISTED FOR SALE

9000 Burton Way Beverly Hills, CA 90211

8 Beds
6 Baths
5,658 Sq Ft
5,500 Sq Ft Lot

Last Sold March 25, 2022

Last sale price $4,000,000 $707 Per Sq Ft

77 Days on Market

Highlights

  • Art Deco Architecture
  • Wood Flooring
  • Views
  • Horace Mann Elementary School Rated A
  • Balcony
  • Central Heating

About This Home

As of March 2022

Location, location, location!!! This is a tremendous opportunity to own a two story Art Deco building in an A+ desirable Beverly Hills area, just across from the Four Seasons Hotel. Situated on a 5,500 sqft lot, the property offers 5,700 rentable sqft, zoned BHR4YY. The current attractive unit mix consists of 3 (1+1), 1 (1+1+bonus) and 2 (2+2), all units are large with beautiful Crown Moldings and hardwood floors, some units have laundry inside. Each unit is separately metered for gas and electricity and has its own water heater. This is a perfect opportunity to purchase an investment property in a prime Beverly Hills location with HUGE upside potential which could be achieved through interior and exterior renovations. There are 6 covered on-site parking and plenty of street parking. There is no earthquake seismic retrofit required. Great location just a few blocks from the iconic Golden Triangle and numerous world-class retailers, restaurants, Rodeo Dr., Beverly Center and Cedars Sinai Hospital. Showing with accepted offers only. Two units will be delivered vacant.

Last Agent to Sell the Property

Faye Sarafian-Erdman

Nelson Shelton & Associates License #01121133 Listed on: 11/29/2021

Nelson Shelton & Associates

Last Buyer's Agent

Mazda Hoghoughi

Elite Properties Realty License #00987570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,500 Sq Ft Lot
  • Lot Dimensions are 140x50

Home Design

  • Art Deco Architecture

Interior Spaces

  • 5,658 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Property Views

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Car Garage
  • Garage Door Opener

Outdoor Features

  • Balcony

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4335-018-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Art Deco
  • Street Number Display: Yes
  • Living Area: 5658
  • Lot Acreage: 0.1263
  • Lot Dimensions: 140x50
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Garbage Disposal, Refrigerator, Range/Oven
  • Price Per S Q F T: 698.13

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • View: Walk Street, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Door Opener, Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 3000.00
  • Heating: Central
  • Water Expense: 7000.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 870.00
  • Insurance Expense: 4380.00

Lot Info

  • Assessed Improvement Percent: 31.58
  • Assessed Improvement Value: 706493
  • Assessed Land Percent: 68.42
  • Assessed Land Value: 1530744
  • Total Assessed Value: 2237237
  • Assessor Parcel Number: 4335-018-001
  • Lot Size Area: 5500

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.13
  • Number Of Units: 6
  • Total Annual Expense: 63850
  • Type Of Units: single story
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 47400.00

Range of Values:

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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
03/25/2022 03/25/22 Sold $4,000,000 +1.3% $707 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
11/29/2021 11/29/21 For Sale $3,950,000 -- $698 / 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: 21-107971

The MLS