9725 Charleville Blvd, Beverly Hills

8 Unit Apartment Building | 10,951 SF Building on 9,366 SF Lot Zoned R4

Current CAP 2.76% and Pro Forma CAP 3.55% | Current GRM 20.40 and Pro Forma GRM 17.41

Offered at $6,350,000

BUILDING INFO

FANTASTIC LOCATION. GREAT UPSIDE!
* Corner location adjacent to BH Golden Triangle
* 6 blocks from the future Purple Line Extension Stop
* Close to Schools, shops, restaurants, Peninsula & Beverly Wilshire Hotels
* Charming courtyard bldg with 8 large units averaging 1,370 SF
* Very well maintained, copper plumbing, garages, balconies
* Some units renovated with washers/dryers
* 3 UNITS DELIVERED VACANT (OWNER CONTROLLED)

9725 Charleville is a well-maintained pride of ownership building with a charming courtyard, gated entry, garages, and copper plumbing. Located on the corner of Charleville and South McCarty Drive unit amenities include in-unit washers & dryers (some units), dishwashers, hardwood floors, crown moldings, sun-rooms, dining rooms and balconies. The building has significant rental upside.

Located in one of the most sought-after apartment markets in the country, 9725 Charleville is also adjacent to the Beverly Hills business district and the Beverly Hills Golden Triangle - one of the most coveted commercial real estate sub-markets in the country, and a prime area for office space and high-end retail. It also benefits from its close proximity to a vibrant retail area with premier dining establishments and luxury hotels, including The Peninsula Hotel, the Beverly Wilshire and the Woldorf Astoria. Demand for rental housing in this market is consistently high and vacancies low, which has helped keep rental rates at a stable premium throughout the pandemic.

Commuting to and from these large apartment homes is simple, either with or without a vehicle, and will get even more convenient when the future Purple Line Extension Metro Stop, located just 5 blocks from the property, is completed in 2025. The Purple Line will provide light rail commuters with a one-stop ride from Downtown Los Angeles to Westwood.

The building’s preeminent location makes it an incredible investment opportunity. Acquisition opportunities for quality multi-family assets in Beverly Hills are rare. In addition, the high barriers to entry in Beverly Hills - a result of limited land available for development, challenging regulatory approvals, an anti-growth populace and strict government restrictions - limit the addition of many new multi-family products in the area.

The area’s exceptionally strong leasing fundamentals, healthy occupancy levels, an unrivaled amenity base and elastic rental rates ensure that the Beverly Hills submarket will come out of the Covid environment strong and will continue to be one of the most coveted multi-family markets in the nation. 9725 Charleville is well positioned to benefit from these factors and offers an investor the security of an exceptionally well-located asset in a prime, supply constrained multi-family market with historically high rents and low vacancy.