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9725 Charleville Blvd, Beverly Hills




9725 CHARLEVILLE BLVD, BEVERLY HILLS

8 Unit Apartment Building | 10,951 SF Building on 9,366 SF Lot Zoned R4

Current CAP 2.76% and Pro Forma CAP 3.55% | Current GRM 20.40 and Pro Forma GRM
17.41

Offered at $6,350,000

BUILDING INFO

FANTASTIC LOCATION. GREAT UPSIDE!
* Corner location adjacent to BH Golden Triangle
* 6 blocks from the future Purple Line Extension Stop
* Close to Schools, shops, restaurants, Peninsula & Beverly Wilshire Hotels
* Charming courtyard bldg with 8 large units averaging 1,370 SF
* Very well maintained, copper plumbing, garages, balconies
* Some units renovated with washers/dryers
* 3 UNITS DELIVERED VACANT (OWNER CONTROLLED)

9725 Charleville is a well-maintained pride of ownership building with a
charming courtyard, gated entry, garages, and copper plumbing. Located on the
corner of Charleville and South McCarty Drive unit amenities include in-unit
washers & dryers (some units), dishwashers, hardwood floors, crown moldings,
sun-rooms, dining rooms and balconies. The building has significant rental
upside.

Located in one of the most sought-after apartment markets in the country, 9725
Charleville is also adjacent to the Beverly Hills business district and the
Beverly Hills Golden Triangle - one of the most coveted commercial real estate
sub-markets in the country, and a prime area for office space and high-end
retail. It also benefits from its close proximity to a vibrant retail area with
premier dining establishments and luxury hotels, including The Peninsula Hotel,
the Beverly Wilshire and the Woldorf Astoria. Demand for rental housing in this
market is consistently high and vacancies low, which has helped keep rental
rates at a stable premium throughout the pandemic.

Commuting to and from these large apartment homes is simple, either with or
without a vehicle, and will get even more convenient when the future Purple Line
Extension Metro Stop, located just 5 blocks from the property, is completed in
2025. The Purple Line will provide light rail commuters with a one-stop ride
from Downtown Los Angeles to Westwood.

The building’s preeminent location makes it an incredible investment
opportunity. Acquisition opportunities for quality multi-family assets in
Beverly Hills are rare. In addition, the high barriers to entry in Beverly Hills
- a result of limited land available for development, challenging regulatory
approvals, an anti-growth populace and strict government restrictions - limit
the addition of many new multi-family products in the area.

The area’s exceptionally strong leasing fundamentals, healthy occupancy levels,
an unrivaled amenity base and elastic rental rates ensure that the Beverly Hills
submarket will come out of the Covid environment strong and will continue to be
one of the most coveted multi-family markets in the nation. 9725 Charleville is
well positioned to benefit from these factors and offers an investor the
security of an exceptionally well-located asset in a prime, supply constrained
multi-family market with historically high rents and low vacancy.











ERIC SACKLER

Director | Coldwell Banker Commercial NRT

DRE # 01057377

310.979.4990 (office)


ericsackler@gmail.com





11661 San Vicente Blvd. 10th Floor
Los Angeles, CA 90049

SUSAN LAU

Broker Associate | Coldwell Banker Commercial NRT

CA BRE# 01516710

213.220.5466 (direct)
310.979.3960 (office)


slau@coldwellbanker.com





11661 San Vicente Blvd, 10th Floor
Los Angeles, CA 90049

©2022 PostRAIN Productions

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