9912-9918 1/2 Durant Dr, Beverly Hills, CA 90212

Side-by-side 4-Plexes in an Ideal Beverly Hills Location | Two Parcels | Half 2-Story Townhomes

Sold: $5,600,000

Property Highlights

• Newer kitchen appliances and in-unit washer/dryers

• Incredible Beverly Hills location right by Wilshire & Santa Monica

• Walkable to LA Country Club, Beverly Hills High School, Westfield

Century City and all the shops and restaurants of prime Beverly Hills

• Potential for (2) ADUs above existing carports (Buyer to Verify)

• Large 0.28 Acre Lot Zoned BHR4YY

Side-by-side 4-Plexes with shared courtyard totaling 8 units
Charming & classic 1937 construction
Massive 2+2 and 3+3 avg over 1,500 SqFt
Half on the units are 2-story townhomes
50% of units renovated with central A/C & heat
Hardwood floors, faux fireplaces & formal dining rooms
Huge master bedrooms (650 SqFt) with dual faucets

The Deal Story

The Glaser Group is pleased to announce the successful closing of 9912 & 9916 Durant Drive, two side-by-side 4-plexes on one of the best blocks in Beverly Hills. Built in 1937, the two buildings share a picturesque courtyard with 50% townhome-style units, offering spacious floor plans of 2-Bedroom and 3-Bedroom configurations. With an average unit size of approximately 1,500 square feet, the units boast hardwood floors, faux fireplaces, and formal dining rooms. The property had been extremely well-maintained and managed by a long-term owner.

After running a comprehensive, multi-channel marketing campaign, our team's process culminated in an open house which brought out 18 buyer groups and generated 16 offers in total, several of them being all-cash with zero contingencies.

While our highest offer came in below a 3.5% cap rate, we ultimately moved forward with a non-contingent & all-cash offer made by a 1031 exchange buyer. We were able to facilitate a smooth, painless escrow process with a 14-day closing period. With significant equity freed up, we are now in the process of assisting our client with a 1031 exchange of his own.