425 Shirley Place, Beverly Hills

$3,700,000

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4 Beds
4 Baths
5,999 Sqft
.16 Acre
0 Garage

This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world-renown Beverly Hills neighborhood, just South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been well-maintained by the same ownership for over 50 years. This property's architectural significance shines through the series of elegant white pillars at its front doorstep. This New Orleans style apartment building exudes period specific charm such as huge French doors opening to a spacious Southern style private porch overlooking lush landscaping. The building features a very strong unit mix consisting of four (4) 1 bed / 1 bath units, two (2) 3 bed / 2 bath with dining room units, and three (3) studio ADUs. The studio ADUs average approximately 350 square feet each. Previously single apartments, they currently are gutted, with permits and blueprints in place ready for them to be renovated and brought back to market. The total size of the building is approximately 6,877 square feet and sits on a 5,999 square foot lot that is BHR4YY zoned.The offering is nestled within the heart of Beverly Hills, between Beverly Hills High School, Roxbury Park, and the Century City Mall. The Shirley Place apartments reside on the same block as many multi-million dollar, Beverly Hills homes. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district as it is in close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from Shirley Place. Commuters will appreciate this property's central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line, and major arterial thoroughfares like the 10 and 405 freeways. The Shirley Play Apartments provide an experienced investor a once-in-a-century opportunity to capitalize on an A+++ location with extreme value add potential.

Essential Information

MLS® #
23334857
Price
$3,700,000
Bedrooms
4
Bathrooms
4.00
Square Footage
5,999
Acres
0.16
Year Built
1939
Type
Residential Income
Status
Active

Community Information

Address
425 Shirley Place
Area
C01 - Beverly Hills
City
Beverly Hills
County
Los Angeles
Zip Code
90212
Senior Community
N

Amenities

Parking Spaces
6
Parking
Covered
Garages
Covered

Interior

Heating
Natural Gas
Cooling
Wall/Window Unit(s)
# of Stories
2
Stories
Two

School Information

District
Beverly Hills Unified

Additional Information

Date Listed
November 27th, 2023
Days on Market
166
Zoning
BHR4YY

Listing Details

Agent
Eliyahu Appel
Office
Marcus & Millichap
Property History
Price Reduced from $3,915,000 to $3,700,000
Price Reduced from $4,195,000 to $3,915,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 10th, 2024 at 11:55pm 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.