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$ 2,995,000
Est. payment | /mo
4 Beds
8 Baths
5,040 SqFt
$ 2,995,000
Est. payment | /mo
4 Beds
8 Baths
5,040 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $594
MLS Listing ID 26998319
Bedrooms 4
HOA Y/N No
Year Built 1930
Lot Size 5,754 Sqft
Property Description
The Appel Group with Equity Union Commercial is proud to present the exclusive listing of 163 N. Clark Dr, a distinctive eight-unit multifamily building in Beverly Hills. Built in 1930 and rich in period character, the building encompasses 5,040 gross square feet of living space on an approximately 5,752-square-foot lot, bringing together architectural identity, a balanced unit mix, and a recognizable Beverly Hills address. The property features eight residences: four one-bedroom apartments and four studios, with select residences carrying garage parking. A sculptural, stepped entry anchors the stucco facade, framed by mature landscaping on a tree-lined stretch of North Clark Drive. Architecturally, the building reflects the character of its 1930 vintage, with sculptural details and period touches that give it a distinctive sense of place. Its age is more than a design attribute; it is a source of identity and opportunity for an owner who appreciates the relationship between architectural character and everyday livability. The offering also carries a distinctive income advantage beyond its rents: 163 N. Clark Drholds mineral rights and receives additional income on a quarterly basis from E & BNatural Resources. The property also offers RTI (Ready to Issue) plans to build additional units above the garages, giving an owner a clear path to additional residences and income. Positioned directly north of Wilshire Boulevard, North Clark Drive places residents within an established Beverly Hills neighborhood with convenient access to surrounding dining, shopping, and commercial corridors. For an investor seeking a long-term holding witharchitectural identity and a recognizable address, 163 N. Clark Dr stands apart: eight residences with established character and the type of property that can anchor anownership portfolio for years to come. 169 N. Clark Dr can also be purchased together with 163 N. Clark Dr as an assemblage opportunity for $5,990,000
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR4YY
Interior
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Total Parking Spaces 4
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4335029045
Special Listing Condition Standard
Listed by Eliyahu Appel Equity Union #01918652