329 S Rexford Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$4,800,000 USD
310-710-3829
329 S Rexford Dr, Beverly Hills, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/30
null | 3.98% Cap Rate

329 S Rexford Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Long Term Ownership, Generational Asset Available for Purchase for the First Time in 38 Years
  • Value Add Opportunity, There is 39% Remaining Rental Upside that can be Captured Through Interior Renovations
  • Property is in a Sought-After Pocket of Beverly Hills. With a Walk Score of 90 ‘Walker’s Paradise’
  • Extremely Attractive Unit Mix: (2) 2-Bedroom/2-Bath, (2) 3-Bedroom/2-Bath, & (2) 3-Bedroom/2.5-Bath Townhome Units
  • Ample Parking, There are 10 Total Parking Spaces for Six Units
  • Located in a Highly Desirable Pocket of Beverly Hills with Relatively Low Density

OVERVIEW

This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market. The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset. Ideally situated in one of Beverly Hills’ most desirable residential pockets, the property benefits from a Walk Score of 90, classified as a “Walker’s Paradise.” Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property’s relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles’ most sought-after amenities and employment hubs. With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation. Conveniently located near LAX, SoFi Stadium, Intuit Dome, Hollywood Park, the Metro K Line, and major transportation corridors including the 405 and 105 Freeways, the property benefits from exceptional access to employment centers, entertainment destinations, and retail amenities throughout the South Bay and greater Los Angeles area. This offering presents an opportunity to acquire a quality multifamily asset with stable in-place income and meaningful long-term appreciation potential.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$576 USD /SF

# OF UNITS

6

PRICE/UNIT

$800,000

CAP RATE

3.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,068 SF

ZONING

BHR4*

APN/PARCEL ID

4331-011-008

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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