144 N Clark Drive, Beverly Hills, CA 90211

  • $3,845,000
144 N Clark Drive
ResidentialIncome Active
144 N Clark Drive, Beverly Hills, CA 90211
144 N Clark Drive
  • $3,845,000

Overview

Property ID: HZ26760111
  • 8
  • Bedrooms
  • 8
  • Bathrooms
  • 5840
  • Sq Ft
  • 5
  • Garages
  • 1931
  • Year Built

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 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.

  • Address Clark
  • City Beverly Hills
  • State/county Los Angeles
  • Zip/Postal Code 90211

Details

Updated on April 28, 2026 at 10:08 am
  • Property ID: HZ26760111
  • Price: $3,845,000
  • Property Size: 5840 Sq Ft
  • Bedrooms: 8
  • Bathrooms: 8
  • Garages: 5
  • Year Built: 1931
  • Property Status: ResidentialIncome
  • Listed by: Daniel Hirth
  • DRE #: 01515796
  • Contact Phone: 3103003181|
  • Contact Mail: Daniel@HirthGroup.com
  • Brokered by: Keller Williams Beverly Hills

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