Listed by Daniel Hirth of Keller Williams Beverly Hills
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.

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Based on information submitted to CRMLS as of May 21, 2026 4:50 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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