9930 Durant Drive

Description

9930 Durant Drive presents a rare opportunity to acquire a trophy multifamily asset in one of the most coveted rental locations in Beverly Hills. Offered for sale for the first time since its construction in 1960 by the original family and priced significantly below replacement cost, this generational asset consists of 8 exceptionally large apartment homes totaling approximately 11,334 square feet on a premier residential street moments from world-class shopping, dining, employment centers, and luxury hospitality. The property features an attractive unit mix of six spacious two-bedroom/two-bath units and two one-bedroom/one-bath units. Designed well ahead of its time, the residences offer expansive floor plans, abundant natural light, high ceilings, fireplaces, oversized bedrooms, generous kitchens, and private balconies. A particularly rare feature for an asset of this vintage is central heating and air conditioning throughout the units, providing a level of comfort typically associated with newer construction. Positioned within close proximity to Beverly Hills High School, The Peninsula Beverly Hills, Century City, and the transformative One Beverly Hills, the property benefits from one of the strongest rental submarkets in Southern California. The asset offers significant rental upside through the renovation and repositioning of units while preserving the property's timeless architectural character. Further enhancing the investment profile, the building features ample on-site parking, a completed soft-story seismic retrofit, updated main electrical panel, elevator modernization, newer roof, and an on-site laundry facility, minimizing future capital expenditure requirements. Combining irreplaceable location, substantial in-place square footage, large unit layouts, and meaningful value-add potential, 9930 Durant Drive represents an exceptionally rare Beverly Hills multifamily offering.