163 N Clark Dr
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
Broker Details
Equity Union Real Estate 818-390-4181
MLS ID: C121090 State License Number: 01918652
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,995,000 |
| No. of Units: | 8 |
| Year Built: | 1930 |
| Lot Size: | 5,040.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $374,375 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 8 |
ID: 3yd-CLAWCA-26998319
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