224 S Gale Dr Beverly Hills, CA 90211
Active
$2,395,000
4 Units
6 Beds
4 Baths
3,447 Area(sq.ft.)
6,498 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 1,726 | $ 3,452 | $ 4,790 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,308 | $ 2,308 | $ 3,600 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,600 | $ 3,600 | $ 3,600 |
| 3 | 4 | 6 | 4 | $ 9,360 | $ 12,812 | $ 16,780 |
| MLS #: | 25491455 |
| Days On Market: | 25 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 695 |
| Price per unit: | $ 598,750 |
| Year Built: | 1926 |
Property Details
We are pleased to present the exclusive listing of a four unit apartment building (of which one 2 bedroom is vacant) in Beverly Hills. Built in 1926, this property consists of four distinct units, totaling 3,447 rentable square feet on a 6,496 square foot lot. 224 S. Gale Dr. in Beverly Hills, CA, is an attractive four-unit apartment building in a highly sought-after location. The property consists of two 2-bedroom/1-bathroom units, one of which is vacant, and two 1-bedroom/1-bathroom units. The building features four parking spots in the rear, window unit air conditioners, wall heaters, renished hardwood oors and bright, airy living rooms with plenty of natural light and windows in every room, adding to its appeal. The owner is responsible for paying water, trash, and gardener expenses, which should be factored into the overall operating costs. The Beverly Hills location adds signicant value, as the area is known for its luxury real estate and high rental demand. Ideally located 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard. The property is steps away from La Cienega Park, and minutes from Rodeo Drive, The Grove, the Beverly Center, and West Hollywood. Beverly Hills provides a blend of high-end dining, luxury shopping such as Spago Beverly Hills, Mastro's Steakhouse, The Bazaar by Jos Andrs and Nobu Beverly Hills. This sought-after area is synonymous with high-end living, featuring a blend of historic charm and modern sophistication. Residents can also explore a range of cultural attractions including the historic Saban Theater, the Beverly Hills Hotel, the Greystone Mansion, the Getty Center, the Hollywood Bowl and Museum Row on the Miracle Mile which includes Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, The Petersen Automotive Museum and the Academy Museum of Motion Pictures. The property benets from excellent connectivity to major roads, including Santa Monica Boulevard and Wilshire Boulevard, as well as easy access to the 405 and 10 Freeways. Show moreInterested in this Listing?
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Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 108,945 |
| Total Annual Expense: | $ 45,843 |
| Net Operating Income: | $ 63,102 |
| Gross Annual Income: | $ 108,945 |
| Gross Rent Multiplier: | 21.32 |
Structure
| Type of Units: | Multifamily |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | BHR475 |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | None |
| Heating: | Forced Air |
Exterior
Detailed Map
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