132 S Spalding Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$11,950,000 USD
310-968-5303
132 S Spalding Dr, Beverly Hills, CA for Sale
$11,950,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

132 S Spalding Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Character property with a tremendous unit mix in one of the most resilient and globally recognized real estate markets
  • Located on coveted South Spalding Drive, a serene, tree-lined street in the heart of the Westside
  • A walker’s paradise: Steps to Rodeo Drive, The Peninsula Hotel, Century City, the upcoming One Beverly Hills & Aman Hotel, and Wilshire/Rodeo Metr
  • Multiple vacancies provide a unique opportunity to begin renovations and reposition the asset immediately
  • Huge parcel zoned R4YY, allowing for redevelopment flexibility
  • Natural light throughout, expansive interiors, and period details such as crown moldings, fireplaces, and large bay windows

OVERVIEW

INCREDIBLE PRICING. JUST REDUCED $1,300,000 OF ORIGINAL LIST PRICE. A+++ LOCATION. Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, Inc. is pleased to present a rare, generational multifamily investment at 132 South Spalding Drive, nestled in the prestigious heart of Beverly Hills. This property is ideally located on one of the most coveted streets in all of Los Angeles, offering discerning investors multiple pathways to capitalize on some of the highest rental demand in the city. Situated along along a beautiful, tree-lined setting, the property boasts an exceptional unit mix with expansive floor plans drenched in natural light. 132 S Spalding Drive is comprised of 19 units, featuring an outstanding blend of mostly three-bedroom, two-bedroom, and one-bedroom apartments arranged around a charming central courtyard and meticulously landscaped grounds. Many units retain classic design details such as original hardwood floors, crown moldings, fireplaces, spacious kitchens and baths, and large bay windows. A rare amenity for its vintage, the building also includes a subterranean garage with ample assigned parking. With multiple vacancies, investors are presented with a prime value-add opportunity. Immediate upside can be captured by renovating the units, common areas, and infrastructure unlocking significant rental potential while preserving the historic character of the buildings. Beverly Hills remains a global symbol of luxury, lifestyle, and enduring real estate value. Just steps from iconic RodeoDrive, the Spalding property enjoys unparalleled walkability and access to world-class shopping, five-star dining, cultural landmarks, and thriving business districts. The forthcoming One Beverly Hills mega-development will further enhance the area's prestige, introducing new luxury residences, premium retail, and state-of-the-art office space. A short drive connects residents to Century City's booming commercial core, the vibrant Sunset Strip's entertainment scene, and the coastal beauty of Santa Monica Beach. Simply put, this location offers unmatched connectivity, prestige, and long-term value in a market that continues to outperform. This offering truly combines timeless Beverly Hills charm with upside potential ideal for investors seeking long-term value, luxury appeal, and an unbeatable location.

FOR SALE DETAILS

PRICE

$11,950,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

23

PRICE/UNIT

$519,565

CAP RATE

Request Cap Rate

% LEASED

53%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REDUCED $1.3MM 19 Large Units in Bev. Hills

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,575 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4328-009-014

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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