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129 DOHENY DR BEVERLY

Los Angeles, CA

129 DOHENY DRIVE is a 8-unit apartment community located in prime Beverly.

We are pleased to present the exclusive listing of an eight (8) unit apartment building located at 127-129 North Doheny Drive in Los Angeles, California. The subject property is situated in a prime Beverly Grove location, just a few doors South of Beverly Boulevard, West of North Robertson Boulevard. 

Doheny Apartments have beenwell well- maintained by the same ownership for over 50 years. The building features a great unit mix consisting of two and one bed. Most units feature bay windows, breakfast rooms, hardwood and hardwood style floors, stainless steel appliances, refrigerator, stove, and a dishwasher. Tenants also have the luxury of (6) covered parking spots. The total size of the building is approximately 5,498 square feet and sits on a 6,652 square foot lot that is LAR4 zoned.

Estimate IRR

12-18%



Annual Preferred Return

8%

Estimate Holding Period

3-4 YEARS

FUND CLOSED

3,200,000


ABOUT DOHENY & SURROUNDING SUBMARKETS

LOCATION DESCRIPTION

Doheny is situated in a prime Beverly Grove location, on the Northeastern border of Beverly Hills. The property is in walking distance to the famed Beverly Boulevard with attractions that include world renowned dining destinations, high end luxury retailers, Bristol Farms, and many more elite destinations. The Subject property is in close proximity to the Beverly Hills Four Seasons, Cedars Sinai Hospital, The Beverly Center and a wide array of the most notable dining, shopping, and entertainment options that Los Angeles has to offer. Nestled between West Hollywood & the Norma Triangle to the North, Beverly Grove to the Southeast, and Beverly Hills to the West, this property benefits from extremely healthy demographics, and an ever- booming employment sector with endless designer brands on every corner.

Doheny’s dominant access to Santa Monica and San Vicente Boulevards benefit its commuting tenants via. quick access to the 10 and 405 Freeways. The North Doheny Apartments provide a rare opportunity for an experienced investor to acquire in one of California’s most notable rental pockets with the highest barriers to entry.

PROPERTY HIGHLIGHTS

  • Prime Beverly Grove Location

  • Steps Away from Beverly Boulevard, West Third Street and a myriad of high-end destinations

  • Under the same Ownership for Over 50 Years

  • Strong Rental Upside Potential (Over 35%)

  • Very Well Maintained and Charming Property

Building Location

91

Biker Score
Very Bikeable

95

Walk Score
Walker’s Paradise

129 DOHENY DR

Beverly Hills, CA

ABOUT BEVERLY

Los Angeles, CA

Beverly Hills is a city in California’s Los Angeles County. Home to many Hollywood stars, it features the upscale shopping street of Rodeo Drive. The expansive Beverly Gardens Park has fountains and rose gardens, plus an illuminated Beverly Hills sign. The 1920s Greystone Mansion is the backdrop for many films. Known as a celebrity haunt.

Rodeo Drive is a two-mile-long street in Beverly Hills, California, with its southern segment in the City of Los Angeles, known as one of the most expensive streets in the world. Its southern terminus is at Beverly Drive, and its northern terminus is at its intersection with Sunset Boulevard in Beverly Hills. Beverly is one of the most celebrated and desire destinations in the world.

Reputation as an exclusive and glamorous enclave. Renowned for its luxurious estates, high- end shopping districts, and celebrity allure, this iconic city has become synonymous with opulence and prestige.

$139,222

MEDIAN INCOME

$2M

MEDIAN HOME PRICE

34,186

Population