414 N Palm Drive

Beverly Hills, CA 90210

PRICE REDUCED

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-$1,000,000 (-12.58%)

$6,950,000

List Price

16

bed Beds

16

shower Baths

17,050 sqft

straighten / sqft

1962

calendar_month Built

Property Description

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 to use will be delivered vacant at closing. Significant (25%) upside in rents. 15.5 x Gross & 4.3% Cap with existing rents; 12.3 x Gross & 5.8% Cap with rents at market. Seller has spent over $300,000 in renovation in the past year. Priced at only $408/S.F. Seller is willing to offer concession.

Listing Information

List Price $6,950,000
Status Active
MLS 23325758
Type Residential Income
Year Built 1962
Lot Size 7,705
Structure Size 17,050
DOM 302
Courtesy Of Keller Williams Beverly Hills
Listing Agent Hamid Soroudi DRE#00708618
Co-Listing Agent Jared Battat DRE#02120354

Interior Features

Total Bedroom
Bedrooms 16
Total Bathroom
Bathrooms 16

Exterior Information

Maps

Listing information courtesy of: Hamid Soroudi, Jared Battat, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.