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)
Property Details
Price:
$7,000,000
MLS #:
25544177
Status:
Active
Baths:
0
Address:
405 Shirley Place
Type:
Residential Income
Neighborhood:
c01beverlyhills
City:
Beverly Hills
Listed Date:
May 27, 2025
State:
CA
ZIP:
90212
Lot Size:
13,840 sqft / 0.32 acres (approx)
Year Built:
1948
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Garage Spaces
3.00
Parking Features
Covered, Detached Carport
Parking Spots
11.00
Stories Total
2
Financial
Tenant Pays
Gas
Map
Community
- Address405 Shirley Place Beverly Hills CA
- AreaC01 – Beverly Hills
- CityBeverly Hills
- CountyLos Angeles
- Zip Code90212
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405 Shirley Place
Beverly Hills, CA
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