257 N Almont Drive, Beverly Hills, CA 90211
- $2,900,000
- 8
- BD
- 6
- BA
- 4,948
- SqFt
- Sold Price
- $2,900,000
- List Price
- $3,150,000
- Closing Date
- Oct 20, 2023
- Status
- CLOSED
- MLS#
- 23315153
- Year Built
- 1935
- Bedrooms
- 8
- Bathrooms
- 6
- Living Sq. Ft
- 4,948
- Lot Size
- 5,733
- Acres
- 0.13
- Days on Market
- 35
- Property Type
- Multifamily
- Style
- Spanish
- Stories
- Two Levels
Property Description
We are pleased to present the exclusive listing of 257, 259, 261 and 263 N Almont Drive, a charming, well-maintained 4-unit apartment home. Built in 1935 and held by the same ownership for over 5 decades, this property marries historic Spanish-style architecture with contemporary upgrades, including Central Air Conditioning and Heat. The unit mix offers two townhomes one featuring 3 bedrooms (one of which is an infant nook) and the 2 other bedrooms both with 1 full bathroom, plus an additional half bathroom. Additionally, two 2-bedroom ats provide further exibility in leasing options. Many units are equipped with in-unit washer-dryer facilities, enhancing tenant satisfaction. From an investor's perspective, the property ensures tenant retention and demand through meaningful upgrades and secure covered parking spaces, totaling four in number. Ideally located in the unique quiet neighborhood pocket of the southwest corner of Dayton Way and Almont Dr 2 blocks East Doheny and 4 blocks west of Robertson, 2 blocks north of Wilshire Boulevard, and 1 block south of Burton Way. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills. In summary, this exclusive investment opportunity at 257-263 N Almont Drive, BH combines a prime location, versatile unit mix, access to Beverly Hills' elite demographics, and superior existing tenants and property manager, make this rare treasure an enticing offering in one of the most prestigious neighborhoods in Beverly Hills. Buyer to verify information independently and with listing broker
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Additional Information
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Eliyahu Appel (eappel@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Juliet Shoham from Power Brokers
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.