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314 Arnaz Drive

Los Angeles (City), CA 90048
  • $21,950,000
  • STATUS: Active
  • ON SITE: 125 Days
  • ID#: 23237441
UPDATED: 68 min ago
$21,950,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 33,462
    SQFT
  • $656
    $/SQFT
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

Listing Agent(s): Jacob Plewa of Remax Commercial & Investment Realty (310-802-2500) and Jonathan Taksa of ()


Description

PRICE REDUCED BY OVER $1 MILLION! We are pleased to present the sale of 48 income-restricted residential units located at 320 S. Arnaz Drive in Los Angeles. Nestled between North Wilshire Blvd in Beverly Hills & the legendary Beverly Grove, this property lies in one of the city's most prestigious areas and offers residents prime access to all that Beverly Hills and West Hollywood have to offer. The property sits just steps from the famed Robertson Blvd., the world-renown Cedars Sinai Hospital, and is a short drive to Century City, UCLA, and Rodeo Drive. Initially constructed in 1984, this property has been meticulously maintained and upgraded by the current owner. The spacious units feature quartz countertops, upgraded flooring, air conditioning, stainless steel appliances, and patios or balconies. Select units have fireplaces and city or mountain views. Studio Arnaz residents enjoy onsite laundry facilities and ample subterranean parking for all tenants. Priced at an attractive $500,000/unit, this rare offering presents an astute investor with the unique opportunity to acquire a premier asset in one of the highest-profile locations in all of Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T20:30:59.98. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/136592220
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314 Arnaz Drive Los Angeles (City), CA 90048

  • Price: $21,950,000
  • Status: Active
  • On Site: 125 Days
  • Updated: 68 min ago
  • ID#: 23237441
0
Beds
0
Baths
0
½ Baths
0.4
Acres
33,462
SQFT
$656
$/SQFT
1984
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
PRICE REDUCED BY OVER $1 MILLION! We are pleased to present the sale of 48 income-restricted residential units located at 320 S. Arnaz Drive in Los Angeles. Nestled between North Wilshire Blvd in Beverly Hills & the legendary Beverly Grove, this property lies in one of the city's most prestigious areas and offers residents prime access to all that Beverly Hills and West Hollywood have to offer. The property sits just steps from the famed Robertson Blvd., the world-renown Cedars Sinai Hospital, and is a short drive to Century City, UCLA, and Rodeo Drive. Initially constructed in 1984, this property has been meticulously maintained and upgraded by the current owner. The spacious units feature quartz countertops, upgraded flooring, air conditioning, stainless steel appliances, and patios or balconies. Select units have fireplaces and city or mountain views. Studio Arnaz residents enjoy onsite laundry facilities and ample subterranean parking for all tenants. Priced at an attractive $500,000/unit, this rare offering presents an astute investor with the unique opportunity to acquire a premier asset in one of the highest-profile locations in all of Los Angeles.
Exterior Features

Parking Features GatedPrivateSide By Side Parking Total 48

Interior Features

Appliances DishwasherMicrowaveRefrigeratorWasher Heating Central Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association YN No Cap Rate 3.64 Gross Income 1337506 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 798811 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T20:30:59.98. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Jacob Plewa of Remax Commercial & Investment Realty (310-802-2500) and Jonathan Taksa of ()