362 N Camden Drive, Beverly Hills, CA 90210
Listing Presented By
Commercial Sale - Beverly Hills, CA
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.
Built In: 1948
Last Updated: November 23, 2016
Posted: April 12, 2016