Created date: November 27, 2023
Date last updated: November 27, 2023
- Prime Beverly Grove Location
- Steps Away from Beverly Boulevard, West Third Street and a
myriad of high-end destinations
- Under the same Ownership for Over 50 Years
- Strong Rental Upside Potential (Over 35%)
- Shared Laundry On-Site
- Very Well Maintained and Charming Property
- Close Proximity to Cedars Sinai, and The Four Seasons of Beverly Hills
- Desirable Unit Mix of Singles, 1 Beds and 1 Bed with Den
- Renovated Units Feature Quartz Countertops, Hardwood style Flooring, Character Finishes
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.