BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA...

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Sam Shakerchi Senior Vice President 310.525.0872 [email protected] CalDRE #01868195 Get in touch BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210

Transcript of BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA...

Page 1: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

Get in touch

BEVERLY RAY LUXURY APARTMENTS

337 N Oakhurst Dr. , Beverly Hills, CA 90210

Page 2: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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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

Page 3: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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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

Page 4: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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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

Page 5: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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Additional Photos

Page 6: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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Location Maps

Page 7: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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Aerial Maps

Page 8: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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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

Page 9: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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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

Page 10: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

Sam ShakerchiSenior Vice President

[email protected] #01868195

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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

Page 11: BEVERLY RAY LUXURY APARTMENTS...BEVERLY RAY LUXURY APARTMENTS 337 N Oakhurst Dr. , Beverly Hills, CA 90210 Sam Shakerchi Senior Vice President 310.525.0872 sam.shakerchi@compass.com

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