333 S Rexford Dr Beverly Hills, CA 90212
Active
$3,595,000
3%
8 Units
10 Beds
8 Baths
6,370 Area(sq.ft.)
6,072 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 1 | No | $ 2,310 | $ 4,620 | $ 6,190 |
| Unit 2 | 6 | 1 | 1 | No | $ 2,083 | $ 12,500 | $ 16,770 |
| 2 | 8 | 10 | 8 | $ 17,118 | $ 84,240 | $ 113,000 |
| MLS #: | 24-458883 |
| Days On Market: | 26 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 564 |
| Price per unit: | $ 449,375 |
| Year Built: | 1955 |
Property Details
We are pleased to offer for sale a rare multifamily investment opportunity located at 333 S Rexford Drive in the famed Westside city of Beverly Hills. Located on a beautiful tree lined street and consisting of 8 units built in 1955, the building exudes classic mid-century architectural elements in a serene setting. The excellent unit mix consists of (2) 2-bedroom, 1-bathroom units and (6) 1-bedroom,1-bathroom units. Each of these units is spacious, has a dynamite floor plan, and offers an abundance of natural light. Units feature large kitchens and bathrooms and utilities are separately metered for both gas and electricity. Additional property attributes include lushly landscaped grounds, ample on-site parking (soft story retrofit has been completed), and an on-site laundry facility. The property presents investors with a quintessential "value-add" opportunity, as there is tremendous rental upside with rents hovering around $2.70/SQFT. Owned by the same family for multiple decades, this is an incredible turnkey asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. The property is also ideally located in the desirous Beverly Hills Unified School District and walking distance to Beverly Vista Middle School and Beverly Hills High School. In close proximity to high-end dining and nightlife of Robertson Blvd. and the incredible shopping on Rodeo Drive, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage asset in one of the most prestigious parts of the Westside.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 206,245 |
| Total Annual Expense: | $ 87,819 |
| Net Operating Income: | $ 112,263 |
| Gross Annual Income: | $ 205,445 |
| Gross Rent Multiplier: | 17.43 |
Structure
| Type of Units: | 1s,2s |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | BHR4* |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | None |
| Heating: | Wall |
| Laundry: | Community |
Exterior
Detailed Map
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Income
