414 Palm Drive, Beverly Hills

$7,150,000

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5 Beds
5 Baths
17,050 Sqft
.18 Acre
0 Garage

Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S.F.) & 2/2 (1,500 S.F.). 2,500 S.F. Penthouse unit located on the 4th Floor suitable for owner use will be delivered vacant at closing. Significant (25%) upside in rents. 13.2 x Gross & 5.4% Cap with rents at market. Seller has spent over $257,000 in renovation in the past year. Priced at only $419/S.F. Showing with accepted or strong offers.

Essential Information

MLS® #
23325758
Price
$7,150,000
Bedrooms
5
Bathrooms
5.00
Square Footage
17,050
Acres
0.18
Year Built
1962
Type
Residential Income
Status
Active

Community Information

Address
414 Palm Drive
Area
C01 - Beverly Hills
City
Beverly Hills
County
Los Angeles
Zip Code
90210
Senior Community
N

Amenities

Parking Spaces
15
Parking
Underground
Garages
Underground

Interior

Stories
Three Or More

Additional Information

Date Listed
October 25th, 2023
Days on Market
185
Zoning
BHR4YY

Listing Details

Agent
Hamid Soroudi
Office
Keller Williams Beverly Hills
Property History
Price Reduced from $7,495,000 to $7,150,000
Price Reduced from $7,750,000 to $7,495,000
Price Reduced from $7,950,000 to $7,750,000

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Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 7:20am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.