308 S Reeves Dr Beverly Hills, CA 90212
Active
$3,745,000
4%
8 Units
4 Beds
8 Baths
5,606 Area(sq.ft.)
6,070 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | studio | 1 | No | $ 2,318 | $ 9,273 | $ 10,800 |
| Unit 2 | 4 | 1 | 1 | No | $ 3,262 | $ 13,048 | $ 14,000 |
| 2 | 8 | 4 | 8 | $ 22,320 | $ 89,282 | $ 99,200 |
| MLS #: | 25-486971 |
| Days On Market: | 30 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 668 |
| Price per unit: | $ 468,125 |
| Year Built: | 1939 |
Property Details
Reduced $150,000! Highest Cap Rate in Beverly Hills! Over $400,000 in Recent Upgrades/Renovations! 308 S Reeves Dr is an 8 Unit Apartment Building built in 1939. The property is located in an A+ Beverly Hills Location just north of Olympic Blvd and East of S Beverly Dr. The property offers an excellent unit mix comped of all Studio & 1 Bedroom / 1 Bathroom units. Spacious Units Averaging Approx. 701 SF Each. 5 of 8 Units Extensively Renovated. New Plumbing (5 Renovated Units), New Paint, New Landscaping. Carport in back offers 6 Parking Spaces. Potential ADU OpportunitiesInterested in this Listing?
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Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 272,133 |
| Total Annual Expense: | $ 85,475 |
| Net Operating Income: | $ 181,239 |
| Gross Annual Income: | $ 272,133 |
| Cap Rate: | 4.84% |
| Gross Rent Multiplier: | 13.82 |
| Actual Gross Rent: | $ 270,933 |
Structure
| Type of Units: | Standard |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Ceiling Fan |
| Heating: | Wall |
| Fireplace Rooms: | Patio |
| Laundry: | Community |
| Laundry Equipment: | Lease |
Exterior
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