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405 Shirley Pl

Beverly Hills CA 90212

21
21
11
13122 sq. ft.
13840 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Century Park Realty, Inc. is proud to present this pride-of-ownership 11-unit apartment complex located in prime Beverly Hills, across from Beverly Hills High School and at the gateway to Century City. 405 Shirley Place is a 13,122 SF building situated on a 0.32-acre lot, consisting of ten (10) spacious two-bedroom, two-bathroom units (averaging almost 1,200 SF) and one fully renovated standalone studio. The building features classic Beverly Hills charm with a leafy brick-gated courtyard, original crown moldings in units, and timeless architectural details with modern updates.This offering presents a compelling value-add opportunity, with a proven value add business plan already in motion. Five of the eleven units have been partially or fully updated as tenants naturally moved out over the year and those renovated units have achieved significantly higher rents (up to 95% rental premium through interior renovation), clearly demonstrating the potential to increase income across the board. A new owner can execute the same or similar renovation strategy to increase net operating income (NOI) by +/- 40% a clear path to increased cash flow and long-term value creation.Additional Opportunity to Acquire Adjacent Parcel(s)

Features

21 bedrooms
21 bathrooms
11 carspaces
8 carport spaces
3 garage spaces
13122 sq. ft. floor area
13840 sq. ft. lot size
Multi-Family

Property history for 405 Shirley Pl

2024
Rented
Undisclosed
19 Apr 2024 by Coldwell Banker Realty
2018
Sold
$6,850,000
27 Sep 2018 by Adam Carr, of Compass
2015
Sold
$1,269,973
05 Nov 2015

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Local market activity for 21 bedroom multi families in Beverly Hills

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