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Sam ShakerchiSenior Vice President
[email protected] #01868195
Get in touch
BEVERLY RAY LUXURY APARTMENTS
337 N Oakhurst Dr. , Beverly Hills, CA 90210
Sam ShakerchiSenior Vice President
[email protected] #01868195
2
Property Overview
Pride of ownership 8 units for sale in Prime Beverly Hills. 4 of the 8 units were vacated, gutted, and extensivelyupgraded. The exterior was also reimagined and redone as well. Features of the 4 upgraded units include largebedrooms, in-unit washer and dryers, new modern kitchens/cabinets/appliances, new bathrooms, new flooring, newrecessed LED lighting, custom closets, central cooling & heating w/Nest thermostats, and new windows. Great parkingand storage. Located minutes from the iconic Beverly Hills Triangle and some of the finest restaurants & shopping onthe planet. There are 4 non-remodeled units which offer a great value-add upside to what is already an incrediblebuilding. Currently a 2.9% CAP with a projected 4.87% CAP.
Property Highlights
• Soft Story Retro required and Seller is in the process of getting plans & permits. Estimated at around$82,000.Brokers & Broker's Agents make no representations or warranties, express or implied, as to the accuracy ofthe information. References to square footage or age are approximate and are according to either Seller or MLSTax information. Buyer(s) to investigate & inspect to their satisfaction. Buyers shall bear all risk for anyinaccuracies. Unit#5 is the last of the renovated units left for rent. We have an application in at asking rent.
Offering Summary
Sale Price: $5,495,000
Building Size: 8,209 SF
Lot Size: 7,728 SF
Price / SF: $669.39
Cap Rate: 4.87%
NOI: $267,692
Year Built: 1956
Renovated: 2019
Zoning: BHR4YY
Executive Summary
Sam ShakerchiSenior Vice President
[email protected] #01868195
3
Property Description
Pride of ownership 8 units for sale in Prime Beverly Hills. 4 of the 8 units were vacated,gutted, and extensively upgraded. The exterior was also reimagined and redone as well.Features of the 4 upgraded units include large bedrooms, in-unit washer and dryers, newmodern kitchens/cabinets/appliances, new bathrooms, new flooring, new recessed LEDlighting, custom closets, central cooling & heating w/Nest thermostats, and new windows.Great parking and storage. Located minutes from the iconic Beverly Hills Triangle andsome of the finest restaurants & shopping on the planet. There are 4 non-remodeledunits which offer a great value-add upside to what is already an incredible building.Currently a 2.9% CAP with a projected 4.87% CAP.
Location Description
Oakhurst, between 3rd and Beverly.
Property Description
Sam ShakerchiSenior Vice President
[email protected] #01868195
4
Location Information
Building Name Beverly Ray Luxury Apartments
Street Address 337 N Oakhurst Dr.
City, State, Zip Beverly Hills, CA 90210
County Los Angeles
Signal Intersection No
Building Information
NOI $267,692.00
Cap Rate 4.87
Number of Floors 2
Year Built 1956
Year Last Renovated 2019
Free Standing Yes
Additional Information
• Soft Story Retro required and Seller is in the process of getting plans ready.Estimated at around $82,000.Brokers & Broker's Agents make no representations orwarranties, express or implied, as to the accuracy of the information. References tosquare footage or age are approximate and are according to either Seller or MLSTax information. Buyer(s) to investigate & inspect to their satisfaction. Buyers shallbear all risk for any inaccuracies.Unit#5 is the last of the renovated units left for rent.We have an application in at asking rent.
Complete Highlights
Sam ShakerchiSenior Vice President
[email protected] #01868195
8
UnitNumber
UnitBed
UnitBath
UnitSize (SF)
CurrentRent
MarketRent
MarketRent/SF
1 1 1 813 $3,300 $3,300 $4.06
2 1 1 NA $1,458 $3,300
3 1 1 764 $3,300 $3,300 $4.32
4 1 1 NA $1,181 $3,300
5 2 1 1,027 $3,900 $3,900 $3.80
6 2 2 1,110 $4,500 $4,500 $4.05
7 2 2 1,096 $1,251 $4,500 $4.11
8 2 1 1,065 $2,429 $4,200 $3.94
Totals/Averages 5,875 $21,321 $30,300 $4.05
Rent Roll
Sam ShakerchiSenior Vice President
[email protected] #01868195
9
Income Summary Beverly Ray Luxury Apartments
Gross Income $363,600
Expense Summary Beverly Ray Luxury Apartments
Real Estate Taxes at Purchase Price $65,940
Insurance $3,416
Repairs & Maintenance $3,295
WiFi Provided to Tenants $660
Landscaping $1,200
Fire Extinguisher $60
Pest Control $855
Utilities $17,963
Plumbing $1,200
City Business Tax $1,319
Gross Expenses $95,908
Net Operating Income $267,692
Income & Expenses
Sam ShakerchiSenior Vice President
[email protected] #01868195
10
Population 1 Mile 2 Miles 3 Miles
Total Population 31,621 114,556 246,847
Average age 40.5 40.8 40.0
Average age (Male) 39.4 40.1 39.3
Average age (Female) 41.5 41.2 40.8
Households & Income 1 Mile 2 Miles 3 Miles
Total households 16,806 59,889 123,363
# of persons per HH 1.9 1.9 2.0
Average HH income $102,856 $115,162 $115,697
Average house value $1,025,878 $976,161 $937,016
* Demographic data derived from 2010 US Census
Demographics Map & Report
Sam ShakerchiSenior Vice President
[email protected] #01868195
11
CalDRE #01868195
Sam Shakerchi
Senior Vice President
[email protected]: 310.525.0872 | Cell: 310.525.0872
Compass Commercial - San Francisco & Los Angeles150 S. Rodeo Drive Suite 100
Beverly Hills, CA 90212310.230.5478