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141 S Canon Drive Beverly Hills, CA 90212
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Key Details
Sold Price $2,855,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,468 sqft
Price per Sqft $522
MLS Listing ID CRSR24091815
Sold Date 08/30/24
HOA Y/N No
Year Built 1938
Lot Size 6,072 Sqft
Acres 0.14
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 G
Location
State CA
County Los Angeles
Area Listing
Zoning BHR4
Interior
Fireplace No
Laundry No Hookups
Exterior
Utilities Available Other Water/Sewer
Parking Type Other
Building
Lot Description Other
Water Public, Other
New Construction No
Others
Tax ID 4331001008
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Bought with GeneralNonmember