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9500 W Olympic Blvd

Beverly Hills, CA 90212
  • $9,500,000
  • STATUS: Active
  • ON SITE: 5 Days
  • ID#: 21-793820
New On Site 5 Days Ago
UPDATED: 37 min ago
$9,500,000
  • 14
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,270
    SQFT
  • $843
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

Beverly Hills Oasis Apartments, a 16-unit apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, southwest corner of Olympic Blvd. & El Camino Drive. The two-story building features, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. While the subject property has been well-maintained under current ownership, investors will have the opportunity to upgrade remaining units to capitalize on the demand for renovated interiors and take advantage of the superior submarket. 11 units will be delivered vacant.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-16T23:42:35.183. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/122270856
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9500 W Olympic Blvd Beverly Hills, CA 90212

  • Price: $9,500,000
  • Status: Active
  • Updated: 37 min ago
  • ID#: 21-793820
14
Beds
0
Baths
0
½ Baths
N/A
Acres
11,270
SQFT
$843
$/SQFT
1948
Built
Neighborhood:
Beverly Hills
County:
Los Angeles
Area:
Beverly Hills
School District:
Beverly Hills Unified School District
Property Description
Beverly Hills Oasis Apartments, a 16-unit apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, southwest corner of Olympic Blvd. & El Camino Drive. The two-story building features, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. While the subject property has been well-maintained under current ownership, investors will have the opportunity to upgrade remaining units to capitalize on the demand for renovated interiors and take advantage of the superior submarket. 11 units will be delivered vacant.
Exterior Features

Lot Size Area 12106 Other Structures None Parking Garage Assigned Pool Description In Ground Pool YN Yes Total Parking 9 View Description CityCity LightsCourtyardTree TopTrees/WoodsPool View YN Yes

Interior Features

Baths Total 16.00 Cooling Air Conditioning Equipment Built-InsDishwasherFreezerGarbage DisposalGas Or Electric Dryer HookupMicrowaveRefrigeratorRange/Oven Flooring WoodTileCarpet Heating Wall Laundry CommunityIn UnitIn Closet

Property Features

Gross Income 588876 Gross Operating Income 571210 Like Units1 14 Like Units2 2 Net Operating Income 406822.00 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 164388 Type Of Units Apartments Water Heaters YN Yes Year Built Source Assessor Zoning Bhr4*

Listing provided courtesy of Iman Eshaghyan DRE#01494608 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-16T23:42:35.183. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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