Featured For Sale

153 S Camden Dr, Beverly Hills, CA 90212

153 South Camden Drive Beverly Hills, CA 90212
  • $8,000,000

Overview

  • 10
  • Bedrooms
  • 8
  • Bathrooms
  • 12,206
  • Sq Ft
  • 1937
  • Year Built

Description

Unparalleled investment opportunity awaits in Beverly Hills; an exquisite eight-unit trophy building, constructed in 1937 & located one block from iconic Rodeo Drive. Property is a rarity w/ a mix of two-bedroom & one-bedroom units, totaling a generous 12,206 sq ft. Spacious 9,635 sq ft lot, zoned R4, presents an incredible canvas for future customization. Nestled in the heart of Beverly Hills, building offers an investment in the city’s timeless allure. Location provides unrivaled access to luxury shopping, world-class dining & entertainment such as Hermes, Gucci, Spago, Greystone Mansion & the Polo Lounge at the Beverly Hills Hotel.Building’s vintage charm is preserved in its wood paneling, crown moldings & hardwood floors, providing a unique appeal that marries classic elegance w/ contemporary comfort. Moreover, building is 100% occupied ensuring cash flow & stability.Seize this chance to own a piece of Beverly Hills history, a generational asset w/ an eye toward the future.

Camden Dr 

  1. List price= $8,000,000 
  2. Buyer may preview 1 unit upon accepted offer only 
  3. Once in escrow, Buyer will have access to all units for due diligence
  4. Total: 8 Bedrooms | 10 Bathrooms 

Unit Mix = 8 units total (Owner’s best recollection)

  1. 1 – 2 story: 1BR + office | 1BA – includes private patio
  2. 2 – 2 story: 2BR | 2BA (1BR up and 1BR down)
  3. 5 – 1 BR | 1BA

Characteristics

  1. Condition = good
  2. Laundry = community
  3. Parking = 4 two-car garages 
  • 8 covered parking spaces total
  1. Rents = $26,654 per month 
  2. Expenses = $6,300 per month including property management
  3. Property Management = $1,000 per month
  4. 3% CAP Rate based on NOI divided by purchase price

Questions

  1. Is building 100% occupied? Yes
  2. Size (sq ft) of each unit? Owner does not recall individual size of units
  3. How many units are renovated? From Seller: 7 of 8 are partially renovated and some units have unique, original architectural and decorative areas (tile, crown molding, etc.) that owner has maintained in the style of the building. (some units have upgraded wiring and plumbing, but building as a whole has not had electrical and plumbing systems completely updated).
  4. Where is community laundry located? Third Floor
  5. How many washers and dryers? 2 washers and 2 dryers
  6. Tenant mix? Singles and couples from late 20s to 80ish – no children

Holman Ave 

  1. List price= $4.2MM 
  2. Buyer may preview 1 unit upon accepted offer only 
  3. Once in escrow, Buyer will have access to all units for due diligence
  4. Total: 13 Bedrooms & 15 Bathrooms

Unit Mix = 8 units total (Owner’s best recollection)

  1. 2 – 2 story: 2BR | 2.5 BA 
  2. 3 – 2BR | 2BA 
  3. 3 – 1 BR | 1BA

Characteristics

  1. Condition =  fair
  2. Laundry = community
  3. Parking = carports 
  • 8 covered parking spaces total
  • 4 singles and possibly 2 tandem
  1. Rents = $17,439 per month 
  2. Expenses = $5,410 per month including property management
  3. Property Management = $1,000 per month
  4. 3.4% CAP Rate based on NOI divided by purchase price

Questions

  1. Is building 100% occupied? Yes
  2. Size (sq ft) of each unit? Owner does not know individual size of units
  3. Soft story retrofit was completed in 2019 (According to owner)
  4. How many units are renovated? From Owner: 6 of 8 units have had upgrades in flooring, surfaces, etc. Some have upgraded electrical.
  5. Where is community laundry located? Lower level
  6. How many washers and dryers? One washer and one dryer 
  7. Tenant mix? Singles and couples early 20s to late 60s – no children

Christopher Pickett
Realtor®, Douglas Elliman
M 310.800.7103
O 424.202.3230
christopher.pickett@elliman.com
DRE# 01475927

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