163 N Clark Drive, Beverly Hills, CA 90211

$2,995,000
4
BD
8
BA
5,040
SqFt

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List Price
$2,995,000
Status
ACTIVE
MLS#
26998319
Year Built
1930
Bedrooms
4
Bathrooms
8
Living Sq. Ft
5,040
Lot Size
5,754
Acres
0.13
Days on Market
36
Property Type
Multifamily
Stories
Two Levels

Property Description

The Appel Group with Equity Union Commercial is proud to present the exclusive listing of 163 N. Clark Dr, a distinctive eight-unit multifamily building in Beverly Hills. Built in 1930 and rich in period character, the building encompasses 5,040 gross square feet on an approximately 5,752-square-foot lot, bringing together architectural identity, a balanced unit mix, and a recognizable Beverly Hills address. The property features eight residences, comprising four one-bedroom apartments and four studios, with garage parking for select residences. The property also offers RTI (Ready to Issue) plans to build additional units above the garages, giving an owner the opportunity to add residences and increase rental income. A sculptural, stepped entry portal anchors the stucco facade, framed by mature landscaping on a tree-lined stretch of North Clark Drive. Architecturally, the building reflects the character of its 1930 vintage, with sculptural details and period touches that give it a distinctive sense of place. Those features offer a starting point for an owner who appreciates the relationship between architectural character and everyday livability. The property also holds mineral rights and receives quarterly payments from E & B Natural Resources, supplementing its rental income. Positioned directly north of Wilshire Boulevard, North Clark Drive places residents within an established Beverly Hills neighborhood with convenient access to surrounding dining, shopping, and commercial corridors. For an investor seeking a long-term holding with architectural identity and a recognizable address, 163 N. Clark Dr stands apart as a property with established character that can anchor an ownership portfolio for years to come.

Additional Information

Appliances
Refrigerator
Cooling Description
None
Attached Structure
Detached
Number Of Units Total
8

Listing courtesy of Listing Agent: Eliyahu Appel (eli.appel@theappelgroup.com) from Listing Office: Equity Union.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.