425 Shirley Place

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Address: 425 Shirley Place, Beverly Hills, California, US
Created date: November 27, 2023
Date last updated: November 27, 2023
  • Prime Beverly Hills Location
  • Located in the heart of Beverly Hills and a Myriad of Elite
  • Steps away from Century City
  • The lower Three Bedroom Unit includes Pegged and Grooved Hardwood floors and a Large Living Room with Wet Bar, and Both Three Bedroom Units have a Chic Dining Room with Bay Window, Marble Wood Burning Fireplace. These Units are Perfect for an Owner-User
  • Excellent Egress & Ingress from both Heath Ave & Shirley Pl
  • Excellent Unit Mix
  • Under the same Ownership for Over 50 Years
  • Both Three Bedroom Units have Living Rooms and Primary
    Bedrooms Opening Onto Huge Balconies
  • Many World Famous Celebrities have Occupied Units in this Charming Building

Property Description

We are pleased to present the exclusive listing of a nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world- renown Beverly Hills neighborhood, just South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been well-maintained by the same ownership for over 50 years. This property’s architectural significance shines through the series of elegant white pillars at its front doorstep. This New Orleans style apartment building exudes period specific charm such as huge French doors opening to a spacious Southern style private porch overlooking lush landscaping. The building features a very strong unit mix consisting of four (4) 1 bed / 1 bath units, two (2) 3 bed / 2 bath with dining room units, and three (3) studio ADUs. The studio ADUs average approximately 350 square feet each. Previously single apartments, they currently are gutted, with permits and blueprints in place ready for them to be renovated and brought back to market. The total size of the building is approximately 6,877 square feet and sits on a 5,999 square foot lot that is BHR4YY zoned. The offering is nestled within the heart of Beverly Hills, between Beverly Hills High School, Roxbury Park, and the Century City Mall. The Shirley Place apartments reside on the same block as many multi-million dollar, Beverly Hills homes. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district as it is in close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from Shirley Place. Commuters will appreciate this property’s central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line, and major arterial thoroughfares like the 10 and 405 freeways. The Shirley Play Apartments provide an experienced investor a once-in-a- century opportunity to capitalize on an A+++ location with extreme value add potential.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $4,195,000
No. of Units: 6
Year Built: 1937
Lot Size: 6,877.00 Sq ft
Opportunity Zone: No
Price per unit: $699,167
Address: 425 Shirley Place, Beverly Hills, California, US

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