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462 S Palm Dr, Beverly Hills, CA 90212

Sale Price: $3,250,000
Aug 4, 20214,585 sqft6 beds5 baths
Listed by: Laurence Young
License #: 00999537
Phone #: 310-777-2879
Berkshire Hathaway HomeServices California Properties
Source:
CRMLS Logo
MLS #: 21768526

Property Description

Set on an unusually large, corner lot in Beverly Hills Proper, affording its coveted school system and close-proximity to world-renown shopping and dining, this romantic, Spanish duplex, built in 1935, has been lovingly maintained and is ready for its next proud owner. Charming and architecturally significant at every turn, be warmed by its inlaid hardwood flooring, sculpted walls, beautiful ceiling detail, built-ins and more. Many tasteful updates have been added, as well. The expansive lot afford gracious living with its plentiful, grassy outdoor space and dual two-car garages. Wonderful as it is but also ripe for investment or redevelopment.This is an ideal 1031 exchange candidate. This income generating property is situated on an oversize BHR4 zoned corner lot with alley access, which may be developed into 7 units per code and with the density bonus, potentially up to 14 units. (Buyer to verify and perform their own research)
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$62,424

TurboHome Estimated Value

$3,755,800

$819 sqft

High Valuation
$3,943,590
$860/sqft
Normal Valuation
$3,755,800
$819/sqft
Low Valuation
$3,568,010
$778/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$819/sqft$3,755,800

Neighborhood

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Comparative Value

$2.71M

$3.35M

$4.16M

$4.40M

$4.75M

138 N La Peer Dr, Beverly Hills, CA 90211

Sale Price: $2,715,000

Selected Comparable

157 S Elm Dr, Beverly Hills, CA 90212

Sale Price: $2,730,000

Selected Comparable

462 S Palm Dr, Beverly Hills, CA 90212

List Price: $3,350,000

Subject Property

348 S La Peer Dr, Beverly Hills, CA 90211

Sale Price: $4,155,000

Selected Comparable

9342 Kirkside Rd, Los Angeles, CA 90035

Sale Price: $4,400,000

Selected Comparable

345 S Palm Dr, Beverly Hills, CA 90212

Sale Price: $4,745,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
462 S Palm Dr, Beverly Hills, CA 90212

462 S Palm Dr, Beverly Hills, CA 90212

List: $3,350,000

Listed: 8/4/2021

Area:4,585 sqft
Price/sqft:$731
Beds:6
Baths:5
Year Built:
Lot Size:8,230

Comparable Properties

COMPARABLE
Choose comps
157 S Elm Dr, Beverly Hills, CA 90212

157 S Elm Dr, Beverly Hills, CA 90212

Sale: $2,730,000

1/6/20250.58 mi

Area:5,012 sqft
Price/sqft:$545
Beds:6
Baths:5
Year Built:
Weight:23.3%
138 N La Peer Dr, Beverly Hills, CA 90211

138 N La Peer Dr, Beverly Hills, CA 90211

Sale: $2,715,000

1/30/20250.81 mi

Area:3,978 sqft
Price/sqft:$683
Beds:6
Baths:4
Year Built:
Weight:19.6%
9342 Kirkside Rd, Los Angeles, CA 90035

9342 Kirkside Rd, Los Angeles, CA 90035

Sale: $4,400,000

5/12/20250.62 mi

Area:3,989 sqft
Price/sqft:$1,103
Beds:5
Baths:5
Year Built:
Weight:19.4%
348 S La Peer Dr, Beverly Hills, CA 90211

348 S La Peer Dr, Beverly Hills, CA 90211

Sale: $4,155,000

1/10/20250.36 mi

Area:3,630 sqft
Price/sqft:$1,145
Beds:6
Baths:6
Year Built:
Weight:18.9%
345 S Palm Dr, Beverly Hills, CA 90212

345 S Palm Dr, Beverly Hills, CA 90212

Sale: $4,745,000

7/15/20250.23 mi

Area:4,163 sqft
Price/sqft:$1,140
Beds:5
Baths:6
Year Built:
Weight:18.9%

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