144 N Clark Drive, Beverly Hills, CA 90211
Local realty services provided by:ERA North Orange County Real Estate
144 N Clark Drive,Beverly Hills, CA 90211
$3,845,000
- 8 Beds
- 8 Baths
- 5,840 sq. ft.
- Multi-family
- Active
Listed by: daniel hirth
Office: keller williams beverly hills310-432-6400
MLS#:26760111
Source:CRMLS
Price summary
- Price:$3,845,000
- Price per sq. ft.:$658.39
About this home
144 N. Clark Drive is a rare opportunity to acquire a fully repositioned 8-unitmultifamily asset located in the heart of Beverly Hills' most desirable residential enclave. Situated on a quiet, tree-lined street just moments from Beverly Drive, Wilshire Boulevard, and Rodeo Drive, the property benefits from exceptional walkability, premier tenant demand, and long-term value stability synonymous with this A+ submarket. The property consists of 8 units totaling approximately5,840 square feet on a 6,298 square-foot lot, offering a balanced mix of size, density, and livability that appeals to high-quality renters seeking proximity to Beverly Hills' luxury retail, dining, and employment centers. Current ownership has invested over $500,000 in comprehensive renovations across 5 of the 8 units, completing full, high-quality interior upgrades rather than cosmetic improvements. Renovations include modern finishes, upgraded kitchens and bathrooms, updated flooring, fixtures, and systems, with four of the units featuring in-unit washer and dryer. These improvements position the majority of the property at or near top-of-market rental standards for the area. Importantly, three units remain significantly below market, providing a clear and achievable value-add opportunity for a new owner through natural tenant turnover and subsequent renovation. The property offers an attractive blend of stable in-place income with meaningful future upside, making it well suited for both cash-flow-oriented and value-add investors. At current operations, the asset delivers a strong 5.28% capitalization rate, underscoring the durability of the existing income stream in an A+ Beverly Hills location. As the remaining three unrenovated units are repositioned to market levels, the investment is projected to achieve a 7.90% pro forma cap rate, providing substantial yield expansion without the need for additional density or development risk, while already offering a strong return of a 5.28% CAP rate on the current. The property is offered at a 13.55 gross rent multiplier, further supporting its favorable pricing relative to location and quality. The asset is comprised of an 8-unit multifamily building, featuring eight one bedroom, one bathroom units, totaling approximately 5,840 square feet of rentable building area situated on a 6,298 square-foot lot. The property also includes on-site parking, an important amenity in Beverly Hills that enhances tenant demand and long-term value....
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Home facts
- Year built:1931
- Listing ID #:26760111
- Added:11 day(s) ago
- Updated:May 03, 2026 at 10:29 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Kitchen Description:Refrigerator
- Living area:5,840 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall Window Units
- Central air:Yes
Structure and exterior
- Year built:1931
- Building area:5,840 sq. ft.
- Lot area:0.14 Acres
- Levels:2 Story
Finances and disclosures
- Price:$3,845,000
- Price per sq. ft.:$658.39
Features and amenities
- Appliances:Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:5
- Parking description:Assigned, Covered, On Street, One Space, Private
- Garage:Yes
- Garage spaces:5
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