Rent report generated Nov 27, 2024
The Rent Potential of
435 N Palm Dr Apt 101 Beverly Hills, CA
is $3,495 – $5,466/mo.
Rent Advice
Located in the prestigious Beverly Hills area, this condo has a promising rental potential with an estimated monthly rent range of $3,495 to $5,466. With nine units in the building, the total potential revenue can range from approximately $377K to $590K annually. Given the property's prime location and modern features like hardwood floors and central heating, it stands well in a competitive market. The payback period will depend on the purchase price and renovation costs but is likely to be favorable given high rental demand in this area.
To maximize rental income, consider minor upgrades such as modernizing the kitchen and bathrooms, which are often key selling points for renters. If selling, highlighting the property's location, amenities, and potential rental yield can appeal to investors. Enhancing security features or adding eco-friendly amenities could also boost property value, making it more attractive to both renters and buyers.
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