159 North Arnaz Drive
Beverly Hills, CA, 90211 $ 2,695,000
Baths0.0 Sq 4,089 Monthly Estimate*
$ 18,825
Studio
for $2,695,000. This 4,089 square foot home was built in 1933 on a lot size of 0.15.
We are pleased to present the exclusive listing of 159 North Arnaz Drive. Built in 1933, a beautiful well-maintained duplex located in prime Beverly Hills. Comprised of two spacious three-bedroom, two-bathroom units, with a total 4,089 rentable square feet sitting on a 6,489 square foot lot. The property boasts beautiful period charm with archways, crown moldings and the original aqua & black Art Deco tile in the primary bathrooms, enhancing its aesthetic appeal and attracting tenants who appreciate classic architecture. These architectural details add a touch of elegance and sophistication to the property, distinguishing it from modern constructions and potentially commanding higher rental rates. The front of the property has beautiful xeriscaping providing minimal maintenance and significantly lower utility expenses. Featuring replaces, modern kitchen amenities and in unit laundry facilities provide convenience and added value for tenants. Beautiful hardwood floors add warmth and character to the units while also offering durability and easy maintenance Each unit comes with 2-car garage parking, one of which has a new garage door opener, adding secure and convenient parking options for tenants. The upper unit front and back stairs have been renovated as well as plumbing in the guest bathrooms for each unit. The upper unit has a den above the driveway. From a financial perspective, this property offers a compelling proposition. The property's spacious three-bedroom units, period charm, and modern amenities make it highly desirable among renters, commanding premium rental rates or a wonderful opportunity for an owner/user. With strong demand for premium rental properties in Beverly Hills, investors can expect a steady stream of rental income. Beverly Hills is known for its high demand for quality housing, reducing the risk of vacancies and ensuring a steady income stream for investors. In addition to the appealing features, there are opportunities for value-add initiatives such as cosmetic upgrades, landscaping improvements, and adding amenities to further enhance the property's value and rental income potential. Ideally located in the unique quiet neighborhood off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills.
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FeaturesGeneralZoning BHR4YY
Pool Features None
Year Built 1933
Levels Two
County Los Angeles
Net Operating Income 55831.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Beverly Hills
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area C01 - Beverly Hills
Lot Size Square Feet 6491.0
Street Name Arnaz
Standard Status Active
Buyer Agent Compensation Type %
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ExteriorParking Features Covered Driveway
Lot Size Area 6491.0
Building Area Total 4089.0
Lot Size Acres 0.15
Lot Size Units Square Feet
Land Lease Type Fee
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InteriorTotal Stories 2
Heating Y/N No
Street Suffix Drive
Total Baths 0
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* Excluded FeaturesList ByEliyahu AppelListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $18,825
- 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 Beverly Hills, CA
Average List Price $4,630,025
Percent of Sale Price 72%
About Beverly Hills, CA 34,311 Population
2% Since 2002
$ 110,424 Median Income
43.43 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/2/2024 | $2,695,000 | | Listed Price |