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144 N Clark DR Beverly Hills, CA 90211
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Key Details
Sold Price $3,752,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,840 sqft
Price per Sqft $642
MLS Listing ID 26760111
Sold Date 06/03/26
Bedrooms 8
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1931
Lot Size 6,298 Sqft
Property Description
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 approximately 5,840 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 5.48% 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 8.01% 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 5.48% CAP rate on the current. The property is offered at a 13.20 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.
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR4YY
Interior
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned, Covered, Private, One Space, On Street
Garage Spaces 5.0
Garage Description 5.0
View Y/N Yes
View City Lights, Trees/Woods
Total Parking Spaces 5
Building
Faces West
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4334004038
Special Listing Condition Standard
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Bought with Daniel Hirth Keller Williams Beverly Hills

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