159 N Arnaz Dr, Beverly Hills, CA 90211

$2,695,000
6
BD
4
BA
4,089
SqFt
List Price
$2,695,000
MLS#
24-375109
Year Built
1933
Bedrooms
6
Bathrooms
4
Living Sq. Ft
4,089
Lot Size
6,491
Days on Market
13
Property Type
Multifamily
Stories
2

Property Description

We are pleased to present the exclusive listing of 159 North Arnaz Drive. Built in 1933, a beautiful well-maintained duplex located in prime Beverly Hills. Comprised of two spacious three-bedroom, two-bathroom units, with a total 4,089 rentable square feet sitting on a 6,489 square foot lot. The property boasts beautiful period charm with archways, crown moldings and the original aqua & black Art Deco tile in the primary bathrooms, enhancing its aesthetic appeal and attracting tenants who appreciate classic architecture. These architectural details add a touch of elegance and sophistication to the property, distinguishing it from modern constructions and potentially commanding higher rental rates. The front of the property has beautiful xeriscaping providing minimal maintenance and significantly lower utility expenses. Featuring replaces, modern kitchen amenities and in unit laundry facilities provide convenience and added value for tenants. Beautiful hardwood floors add warmth and character to the units while also offering durability and easy maintenance Each unit comes with 2-car garage parking, one of which has a new garage door opener, adding secure and convenient parking options for tenants. The upper unit front and back stairs have been renovated as well as plumbing in the guest bathrooms for each unit. The upper unit has a den above the driveway. From a financial perspective, this property offers a compelling proposition. The property's spacious three-bedroom units, period charm, and modern amenities make it highly desirable among renters, commanding premium rental rates or a wonderful opportunity for an owner/user. With strong demand for premium rental properties in Beverly Hills, investors can expect a steady stream of rental income. Beverly Hills is known for its high demand for quality housing, reducing the risk of vacancies and ensuring a steady income stream for investors. In addition to the appealing features, there are opportunities for value-add initiatives such as cosmetic upgrades, landscaping improvements, and adding amenities to further enhance the property's value and rental income potential. Ideally located in the unique quiet neighborhood off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills.

Additional Information

Other Buildings
None
Heat
None
Cooling
Air Conditioning
Number of Cars in Garage
Driveway, Covered Parking
Garage Spaces Total
4

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Eliyahu Appel - CA DRE#01918652

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