Property Listing No Longer Available for Sale

9500 W Olympic Blvd, Beverly Hills, CA

Multi-family for Sale - $8,750,000 - 11,270 Sq. Ft. on 0.28 acres


Property Info

CIMLS#1078832
Location
  9500 W Olympic Blvd
  Beverly Hills CA 90212
UpdatedOctober 1st, 2020
TypeMulti-family
Price$8,750,000
Building11,270 Sq. Ft.
Land0.28 acres

Property Description

Coldwell Banker Commercial NRT is pleased to present Beverly Hills Oasis Apartments, a 16-unit apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, south west corner of Olympic Blvd. & El Camino Drive.

The two-story building features 16-units, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. There is a total of nine parking spaces to the rear of the property.

While the subject property has been well-maintained under current ownership, investors will have the opportunity to upgrade remaining units to capitalize on the demand for renovated interiors and take advantage of the superior submarket fundamentals in Beverly Hills which features some of the lowest vacancies and strongest rents in Metro Los Angeles.


Financials