121 S Elm Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$6,995,000 USD
310-922-6124
121 S Elm Dr, Beverly Hills, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/41
null | 4.31% Cap Rate

121 S Elm Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Prime Beverly Hills Location, steps away to Beverly Hills Golden Triangle.
  • All units are completed renovated with updated plumbing and electrical throughout.
  • Property currently is renting all 16 units at $2,500/month but can be delivered vacant.

OVERVIEW

Jake Plewa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredibly rare multifamily asset at 121 S Elm Drive steps from the Golden Triangle of Beverly Hills. Originally built in 1928, the building boasts 16 single units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. The building while currently occupied can be delivered 100% vacant, allowing Buyer to rent to the tenants of their choosing. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. A quick walk to Rodeo Drive and the shops of the Golden Triangle this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in the world.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$795 USD /SF

# OF UNITS

16

PRICE/UNIT

$437,188

CAP RATE

4.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

BHR4YY

APN/PARCEL ID

4331-008-003

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.