170 Crescent Drive , Beverly Hills, CA - 90210 is For Sale

  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
  • 24376227
$18,700,000· Income property

Description

Assumable loan of $8,050,000 at 3.1% fixed until 10/1/26 to qualified buyers. Trophy Property located in Beverly Hills Golden Triangle. Walking distance to shops and restaurants on internationally well known Rodeo, Beverly and Canon Drives in Beverly Hills. Over $1,500,000 in renovation has been spent in the past few years. Controlled access, pool, elevator and subterranean parking garage. Large 1, 2, and 3 bedroom units, some have been renovated. Significant (21%) upside in rents. Priced at 14.5 x Gross and 4.4% Cap with rents at market. Showing with accepted offer.

Features

MLS#: 24376227
List Price : $18,700,000
Total Units : 21
CAP rate : $3.30
Gross Operating Income : $1,035,487
Net Operating Income : $615,531
Sq M : 1,403 M2
Year Built : 1960
Days on market : 28 Days
Gross taxes : N/A
Address : 170 Crescent Drive
City : Beverly Hills
State : CA
Zip Code : 90210
Neighborhood : N/A
Stories : 3
Parking Features : Subterranean
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $18,700,000
Acres : 0.3466
Lot Size (Acres) : 0.3466
Heating : Central
Parking Features : Subterranean
Pool Desc : Community
Cooling : Central Air
Driving Directions : N. of Wilshire Blvd, W. of Rexford Dr.
 
Courtesy of : Hamid Soroudi , Keller Williams Beverly Hills

Location

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