127 N Doheny Drive
Los Angeles, CA, 90048 $ 2,970,000
Bedrooms4 Baths8.0 Sq 5,498 Monthly Estimate*
$ 20,746
Listed by Marcus & Millichap
for $2,970,000 with 4 bedrooms and 8 full baths. This 5,498 square foot home was built in 1941 on a lot size of 0.1528.
This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of an eight (8) unit apartment building located at 127-129 North Doheny Drive in Los Angeles, California. The subject property is situated in a prime Beverly Grove location; just a few doors South of Beverly Boulevard, West of North Robertson Boulevard, and abutting Beverly Hills. Built in 1941, the North Doheny Apartments have been well well-maintained by the same ownership for over 50 years. The offering features a great unit mix consisting of two (2) 1 bed / 1 bath units, two (2) 1 bed/1 bath + den units, and (4) studios. Most units feature bay windows, breakfast rooms, hardwood and hardwood style floors, stainless steel appliances, refrigerator, stove, and a dishwasher. Tenants also have the luxury of (6) covered parking spots and on-site laundry. The total size of the building is approximately 5,498 square feet and sits on a 6,652 square foot lot that is LAR4 zoned.The offering is situated in a prime Beverly Grove location, on the Northeastern border of Beverly Hills. The property is in walking distance to the famed Beverly Boulevard with attractions that include world renowned dining destinations, high end luxury retailers, Bristol Farms, and many more elite destinations. The Subject property is in close proximity to the Beverly Hills Four Seasons, Cedars Sinai Hospital, The Beverly Center and a wide array of the most notable dining, shopping, and entertainment options that Los Angeles has to offer. Nestled between West Hollywood & the Norma Triangle to the North, Beverly Grove to the Southeast, and Beverly Hills to the West, this property benefits from extremely healthy demographics, and an ever-booming employment sector with endless designer brands on every corner. Doheny's dominant access to Santa Monica and San Vicente Boulevards benefit its commuting tenants via. quick access to the 10 and 405 Freeways. The North Doheny Apartments provide a rare opportunity for an experienced investor to acquire in one of California's most notable rental pockets with the highest barriers to entry.
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FeaturesGeneralHeating Electric NaturalGas
Cooling WallWindowUnits
Appliances Dishwasher Microwave Refrigerator
Zoning LAR4
Year Built 1941
Stories 2
Levels Two
Gross Income 194028.0
County Los Angeles
Net Operating Income 117994.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions South of Beverly Boulevard West of North Robertson Boulevard
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 8
MLS Area C01 - Beverly Hills
Lot Size Square Feet 6654.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Doheny
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 107
Standard Status Pending
Cap Rate 3.97
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ExteriorParking Features Covered
Total Parking 6.0
Lot Size Area 6654.0
Number of Buildings 1
Spa N
Building Area Total 5498.0
Lot Size Acres 0.1528
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Drive
Total Bedrooms 4
Electric On Property Y/N N
Total Baths 8
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $20,746
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,031,098
Percent of Sale Price 32%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
1/18/2024 | $2,970,000 | -8.62% | Price Down |
11/28/2023 | $3,250,000 | | Listed Price |