Beverly Hills, CA 90212,141 S Canon Drive
Beverly Hills, CA 90212,141 S Canon Drive
Beverly Hills, CA 90212,141 S Canon Drive
$2,855,000
Est. payment /mo
$3,550,000
19.6%
Est.Price: ?

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1 Bed
1 Bath
6,072 Sqft Lot
SOLD DATE : 08/30/2024

Key Details

Sold Price $2,855,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR24091815

Sold Date 08/30/24

Bedrooms 1

HOA Y/N No

Lot Size 6,072 Sqft

Property Description

Constructed in 1938, the property sits on a 6,070 square foot parcel and consists of a two-story building with a detached carport offering six covered parking spots. The unit mix comprises (6) six large one-bedroom, one-bathroom units, each measuring approximately 800 square feet. Available for purchase on the open market for the first time in more than four decades, 141 South Canon Drive has been meticulously cared for by its current owners. They have made significant capital improvements over the years, such as a new roof and completely replacing the plumbing with copper pipes. By taking advantage of the premium rental rates typically associated with character-style buildings in Beverly Hills, this presents a rare opportunity to start benefiting from increased returns right from day one. This property is located in a highly sought-after rental submarket that is in need of renovated units, making it an exceptional investment opportunity. Nestled in an enclave of luxury, 141 South Canon Drive enjoys a prime location just south of Wilshire Boulevard in Beverly Hills and one block away from the famed South Beverly Drive, providing residents with access to an array of upscale boutiques, fine dining establishments, and cultural attractions within walking distance of the prestigious Golden Triangle shopping district. Its strategic positioning near major employment hubs such as the Wilshire Corridor and Century City offers professionals convenient access to diverse job opportunities in finance, law, entertainment, and technology, making it an enticing destination for those seekin
Constructed in 1938, the property sits on a 6,070 square foot parcel and consists of a two-story building with a detached carport offering six covered parking spots. The unit mix comprises (6) six large one-bedroom, one-bathroom units, each measuring approximately 800 square feet. Available for purchase on the open market for the first time in more than four decades, 141 South Canon Drive has been meticulously cared for by its current owners. They have made significant capital improvements over the years, such as a new roof and completely replacing the plumbing with copper pipes. By taking advantage of the premium rental rates typically associated with character-style buildings in Beverly Hills, this presents a rare opportunity to start benefiting from increased returns right from day one. This property is located in a highly sought-after rental submarket that is in need of renovated units, making it an exceptional investment opportunity. Nestled in an enclave of luxury, 141 South Canon Drive enjoys a prime location just south of Wilshire Boulevard in Beverly Hills and one block away from the famed South Beverly Drive, providing residents with access to an array of upscale boutiques, fine dining establishments, and cultural attractions within walking distance of the prestigious Golden Triangle shopping district. Its strategic positioning near major employment hubs such as the Wilshire Corridor and Century City offers professionals convenient access to diverse job opportunities in finance, law, entertainment, and technology, making it an enticing destination for those seeking a vibrant urban lifestyle coupled with proximity to their workplace.

Location

State CA

County Los Angeles

Area Beverly Hills (90212)

Zoning Public Rec

Building

Story 2

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $76

Acceptable Financing Conventional

Space Rent $7,171

Listing Terms Conventional

Financing Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Vincent Norris • Vincent B Norris, Inc.
Bought with General NONMEMBER • NONMEMBER MRML
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+1(858) 753-3353

kobezimmerman@bhhscal.com

Serving San Diego County, United States

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