337 S Rexford Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$5,100,000 USD
310-844-9362
337 S Rexford Dr, Beverly Hills, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/25
null | 4.37% Cap Rate

337 S Rexford Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • 90 Walk Score: High-demand “Walk-to-Dining” location south of Wilshire Blvd.
  • (5) units delivered vacant for immediate market-rate leasing or renovation and 12% rental upside on current in-place rents.
  • Abundant Parking: 10 total spaces (1.25 per unit), a significant competitive advantage in Beverly Hills.
  • Recent CapEx/Renovations: Seismic retrofitting work in-progress, roof replaced in 2024, and newly painted building and upgrades in select units.
  • Immediate Capital Preservation: No Measure ULA ‘Mansion Tax’ applies in the city Beverly Hills

OVERVIEW

Matthews™ is pleased to present 337 S Rexford Drive, an 8-unit opportunity in the heart of Beverly Hills This multifamily asset is located on a premier, tree-lined street south of Wilshire Boulevard. This mid-century building offers a serene setting for high-quality tenants seeking the quintessential Beverly Hills lifestyle. Boasting a 90 Walk Score ("Walker’s Paradise"), the 7,093 square foot building sits on a 6,070 square foot lot and is zoned R4. Units are separately metered for gas and electricity. 337 S Rexford Drive features (1) 2bed+1.5bath townhouse, (6) 2bed+1bath, and (1) 1bed+1bath units. The property offers exceptional parking, a rare luxury for the area—with 10 total spaces (10 per building). Investor risk is mitigated by significant recent capex including new roof in 2024 and seismic retrofit work in-progress. With five units delivered vacant and others tastefully upgraded, this asset provides an opportunity to select your own tenants and an additional 12% rental upside on in-place rents in a globally recognized submarket.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$719 USD /SF

# OF UNITS

8

PRICE/UNIT

$637,500

CAP RATE

4.37%

% LEASED

38%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,072 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4331-011-010

ASK ABOUT THIS PROPERTY

Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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