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362 N Camden Drive

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362 N Camden Drive | Beverly Hills, CA

$5,500,000

7,108 SQ.FT.

BOM! Rare opportunity to now own this trophy property located in the prestigious Platinum Triangle of Beverly Hills, just 1 block West of the world famous Rodeo Drive with its luxury shops and restaurants such as Gucci, Cartier, Chanel, etc. The property consists of a 7,433 sq ft lot, which includes on-site parking, and a 7,108 sq ft two-story building. Own this trophy property subject to an existing 99 year ground lease, expiring in 2045 (28 yrs). The ground lease is a Triple Net lease and annual rental income is $2,850, which is fixed for the term of the lease. Previous location of Prago restaurant for many years. *Note that without the underlying ground lease, the offered price would be substantially higher. Great buy and hold investment. No terms, all cash, fast close. Ground lease may be for sale. Call LA for details.
Listing Provided by Joni Greer, Rodeo Realty

Based on information from California Regional Multiple Listing Service, Inc. as of February 6, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.