Skip To Content
    Return to Previous Page

    9312 W Olympic

    Beverly Hills, CA 90212
    • $3,699,000
    • STATUS: Active
    • ON SITE: 152 days
    • ID#: 20584268
    UPDATED: 68 min ago
    $3,699,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    Beautiful, vintage, late 30's construction in a world-renowned location. $300,000 of recent upgrades mainly to the building's exterior facade and the bldgs systems, including copper plumbing, new railings, paint, concrete, renovated garages and new forced air units and conduits. Unit mix of large 1 Bed units with dining rooms and back doors, as well-small "homes". Long-term, one-family ownership has not paced rents with market.Over 200% of unrealized rent upside! And unit #9316 is owner-occupied now - Seller would ask $3,250 for that unit. It will be delivered empty at closing! 5 of the 6 units are long-term Chapter 5 renters -allowing the Buyer to renovate those units and amortize those costs over a 3-5 year span-and bill back the tenants.Buyer to verify.Lastly, the Seller may carry a note and first trust deed. The opportunity to get the deal "on your terms" is special.1 year note?5 years? Longer?The Seller will consider all offers. Forget the red tape, hassle and fees at the bank

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T20:32:10.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/106365142
    Print Image

    9312 W Olympic Beverly Hills, CA 90212

    • Price: $3,699,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 20584268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1939
    Built
    Neighborhood:
    C01 - Beverly Hills
    County:
    Los Angeles
    Area:
    C01 - Beverly Hills
    Property Description
    Beautiful, vintage, late 30's construction in a world-renowned location. $300,000 of recent upgrades mainly to the building's exterior facade and the bldgs systems, including copper plumbing, new railings, paint, concrete, renovated garages and new forced air units and conduits. Unit mix of large 1 Bed units with dining rooms and back doors, as well-small "homes". Long-term, one-family ownership has not paced rents with market.Over 200% of unrealized rent upside! And unit #9316 is owner-occupied now - Seller would ask $3,250 for that unit. It will be delivered empty at closing! 5 of the 6 units are long-term Chapter 5 renters -allowing the Buyer to renovate those units and amortize those costs over a 3-5 year span-and bill back the tenants.Buyer to verify.Lastly, the Seller may carry a note and first trust deed. The opportunity to get the deal "on your terms" is special.1 year note?5 years? Longer?The Seller will consider all offers. Forget the red tape, hassle and fees at the bank
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Property Features

    Gross Income 103666.00 Gross Multiplier 34.61 Gross Operating Income 106872.00 Insurance Expense 2000.00 Maintenance Expense 3206.00 Net Operating Income 46352.00 New Taxes Expense 42908.00 Operating Expense 2000.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 57314.00 Zoning Bhr4yy

    Listing provided courtesy of Brice Head of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T20:32:10.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364454932-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364454932-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364454932-1.jpg
    Logo
    Keller Williams Realty
    ,