Apartment Buildings /CA /Los Angeles County /Beverly Hills /218 S Tower Dr
Apartment Buildings /CA /Los Angeles County /Beverly Hills /218 S Tower Dr

218 S Tower Dr - Apartments FOR SALE


Beverly Hills, CA 90211 | 
$9,900,000 USD
218 S Tower Dr, Beverly Hills, CA for Sale
$9,900,000 USD
Apartments - FOR SALE
1/10
null | 5% Cap Rate
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218 S Tower Dr
Beverly Hills, CA 90211

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HIGHLIGHTS

  • First time on the market in 26 years
  • 12.3 x Gross and 5% Cap at closing
  • 9.8 x Gross and 7% Cap with rents at market

OVERVIEW

First time on the market in 26 years. Well maintained property with significant (25%) upside in rents. Priced at 12.3 x gross and 5% cap at closing; 9.8 x gross and 7% cap with rents at market. $309,375/unit and $367/bldg. S.F.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

32

PRICE/UNIT

$309,375

CAP RATE

5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,493 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4333-030-002

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