9948 Robbins Dr Beverly Hills, CA 90212
Active
$4,195,000
4 Units
9 Beds
6 Baths
6,093 Area(sq.ft.)
7,007 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 1 | No | $ 4,255 | $ 8,510 | $ 11,500 |
| Unit 2 | 1 | 3 | 1.50 | No | $ 5,468 | $ 5,468 | $ 6,395 |
| Unit 3 | 1 | 2 | 1.50 | No | $ 4,276 | $ 4,276 | $ 5,895 |
| 3 | 4 | 9 | 6 | $ 18,254 | $ 26,764 | $ 35,290 |
| MLS #: | 24-455833 |
| Days On Market: | 36 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 688 |
| Price per unit: | $ 1,048,750 |
| Year Built: | 1929 |
Property Details
This exquisite four-unit Mediterranean-style multifamily property exudes classic charm and modern convenience, nestled in the heart of Beverly Hills. Comprising two expansive 1,500 SF 2-bed/1-bath units, a 1,500 SF 2-bed/1.5-bath unit, and a generously sized 1,600 SF 3-bed/1.5-bath unit, each residence offers distinct architectural details that enhance the living experience. Features include decorative fireplaces, spacious separate showers and tubs, elegant pedestal sinks adjacent to the primary bedrooms, and full kitchens equipped with modern appliances. Individual laundry rooms with washer/dryer hookups are also provided for each unit.The top-floor units boast high ceilings adorned with intricate original moldings, while one unit enjoys the added luxury of a private balcony. Each unit is further enhanced by on-site garaged parking with electric doors, upgraded electrical systems, and HVAC. Much of the plumbing has been updated to copper, and the property also benefits from private back entrances leading to a shared patio, surrounded by drought-tolerant landscaping for both beauty and sustainability.Recent upgrades include roof improvements (with portions resealed and recoated in 2024) and a voluntary seismic retrofit completed in 2015. Additionally, the building has recently passed mandated balcony inspections, adding peace of mind for future ownership. With the potential to convert the garages into 1-2 ADUs, there is also an opportunity to boost revenue significantly.Located on a tranquil, tree-lined street, this property offers an unbeatable Beverly Hills address. Just a short stroll from Century City, iconic Rodeo Drive, Beverly Hills High School, and conveniently near public transportation, tenants enjoy easy access to the 405 and 10 freeways. Positioned in a highly desirable rental market, this property is poised for long-term appreciation and tenant satisfaction.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 221,595 |
| Total Annual Expense: | $ 67,421 |
| Net Operating Income: | $ 154,174 |
| Gross Annual Income: | $ 219,059 |
| Cap Rate: | 3.68% |
| Gross Rent Multiplier: | 19.15 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Garage - 4+ Car |
Interior
| AC/Cooling: | Central |
| Equipment: | Gas Or Electric Dryer Hookup, Dishwasher, Refrigerator |
| Heating: | Central |
| Laundry: | In Unit |
Exterior
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