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$6,950,000

Beds
16
sq ft
17,050

414 N Palm Dr, Beverly Hills, CA 90210

414 N Palm Dr

Beverly Hills, CA 90210

  • 384 days on market
    • Price drop $200,000↓
Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S.F.) & 2/2 (1,500 S.F.). 2,500 S.F. Penthouse unit located on the 4th Floor suitable for owner to use will be delivered vacant at closing. Significant (25%) upside in rents. 15.5 x Gross & 4.3% Cap with existing rents; 12.3 x Gross & 5.8% Cap with rents at market. Seller has spent over $300,000 in renovation in the past year. Priced at only $408/S.F. Seller is willing to offer concession.

Details

Property type

Est. home value

$6,297,156

Lot size

7,705 sq ft

Price per sq ft

$408

Year built

1962

HOA

No

Price History

06/14/2024
CLAW

CLAW #23325758

Price change
$6,950,000
-2.8%
04/23/2024
CLAW

CLAW #23325758

Price change
$7,150,000
-4.6%
03/21/2024
CLAW

CLAW #23325758

Price change
$7,495,000
-3.29%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Axos Bank

Loan start date

August 2022

Original loan amount

$4,195,000

Est. remaining balance

Not provided

Interest rate

5.78%

Loan type

Commercial

Seller

414 Palm Drive Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 2:20 PM

Listing updated: 09/30/2024 at 11:40 AM

Listed by: Hamid Soroudi, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #23325758

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