405 Shirley Place, Beverly Hills, CA 90212
Local realty services provided by:ERA Carlile Realty Group
405 Shirley Place,Beverly Hills, CA 90212
$7,000,000
- 21 Beds
- 21 Baths
- 13,122 sq. ft.
- Multi-family
- Active
Listed by:jordan rubinstein
Office:century park realty, inc.
MLS#:25544177
Source:CRMLS
Price summary
- Price:$7,000,000
- Price per sq. ft.:$533.46
About this home
Century Park Realty, Inc. is proud to present this pride-of-ownership 11-unit apartment complex located in prime Beverly Hills, across from Beverly Hills High School and at the gateway to Century City. 405 Shirley Place is a 13,122 SF building situated on a 0.32-acre lot, consisting of ten (10) spacious two-bedroom, two-bathroom units (averaging almost 1,200 SF) and one fully renovated standalone studio. The building features classic Beverly Hills charm with a leafy brick-gated courtyard, original crown moldings in units, and timeless architectural details with modern updates.This offering presents a compelling value-add opportunity, with a proven value add business plan already in motion. Five of the eleven units have been partially or fully updated as tenants naturally moved out over the year and those renovated units have achieved significantly higher rents (up to 95% rental premium through interior renovation), clearly demonstrating the potential to increase income across the board. A new owner can execute the same or similar renovation strategy to increase net operating income (NOI) by +/- 40% a clear path to increased cash flow and long-term value creation.Additional Opportunity to Acquire Adjacent Parcel(s)
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Home facts
- Year built:1948
- Listing ID #:25544177
- Added:125 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:21
- Total bathrooms:21
- Living area:13,122 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1948
- Building area:13,122 sq. ft.
- Lot area:0.32 Acres
Finances and disclosures
- Price:$7,000,000
- Price per sq. ft.:$533.46
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