144 N. Clark Drive is a rare opportunity to acquire a fully repositioned 8-unitmultifamily asset located in the heart of Beverly Hills' most desirable residential enclave. Situated on a quiet, tree-lined street just moments from Beverly Drive, Wilshire Boulevard, and Rodeo Drive, the property benefits from exceptional walkability, premier tenant… Read More demand, and long-term value stability synonymous with this A+ submarket. The property consists of 8 units totaling approximately 5,840 square feet on a 6,298 square-foot lot, offering a balanced mix of size, density, and livability that appeals to high-quality renters seeking proximity to Beverly Hills' luxury retail, dining, and employment centers. Current ownership has invested over $500,000 in comprehensive renovations across 5 of the 8 units, completing full, high-quality interior upgrades rather than cosmetic improvements. Renovations include modern finishes, upgraded kitchens and bathrooms, updated flooring, fixtures, and systems, with four of the units featuring in-unit washer and dryer. These improvements position the majority of the property at or near top-of-market rental standards for the area. Importantly, three units remain significantly below market, providing a clear and achievable value-add opportunity for a new owner through natural tenant turnover and subsequent renovation. The property offers an attractive blend of stable in-place income with meaningful future upside, making it well suited for both cash-flow-oriented and value-add investors. At current operations, the asset delivers a strong 5.48% capitalization rate, underscoring the durability of the existing income stream in an A+ Beverly Hills location. As the remaining three unrenovated units are repositioned to market levels, the investment is projected to achieve a 8.01% pro forma cap rate, providing substantial yield expansion without the need for additional density or development risk, while already offering a strong return of a 5.48% CAP rate on the current. The property is offered at a 13.20 gross rent multiplier, further supporting its favorable pricing relative to location and quality. The asset is comprised of an 8-unit multifamily building, featuring eight one bedroom, one bathroom units, totaling approximately 5,840 square feet of rentable building area situated on a 6,298 square-foot lot. The property also includes on-site parking, an important amenity in Beverly Hills that enhances tenant demand and long-term value. Read Less
Courtesy of Keller Williams Beverly Hills 310-432-6400
Listing Snapshot
Days Online
37
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,840
Lot Size
0.14 Acres
Year Built
1931
MLS Number
26760111
30 Days Snapshot Of 90211
$2.61M
-19%
(avg) sold price
2
-33%
homes sold
52
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Refrigerator, Freezer, Washer
Building
5,840 sq ft, Built in 1931, Levels: Multi/Split, Two, Attached, Low Rise
Cooling
Air Conditioning, Wall/Window, Central
Disclosures
As Is
Garage
5 total garage spaces, Detached, Assigned, Covered Parking, Garage - 4+ Car, Garage Is Detached, On street, Parking Space, Private
Laundry
In Unit, Laundry Area
Lot
LotAcreage: 0.1446, LotSizeArea: 6,298
Parking
CoveredParking: 5, TotalParking: 5
Property
NumberOfUnits: 8, OtherStructures: Other, ViewDescription: City, Walk Street, Tree Top, Trees/Woods, Other, ViewYN: 1, Zoning: BHR4YY, Updated/Remodeled
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