344 S Elm Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$3,500,000 USD
310-600-6208
344 S Elm Dr, Beverly Hills, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/3
null | 3.58% Cap Rate

344 S Elm Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Six (6) spacious apartment units — combination of one- and two-bedroom layouts
  • Two 2-bedroom "Owner's units" can delivered vacant at close of escrow (immediate rent-up opportunity)
  • Approx. 7,000 total square feet (buyer to verify)
  • Carport parking for six vehicles (four covered, two open)
  • Community laundry room (leased equipment, app-based payment upgrade in progress)
  • New Copper plumbing, Earthquake retrofit completed, newer roof insulation, and HVAC updates

OVERVIEW

Prime Beverly Hills investment opportunity just south of Wilshire Blvd! 344 S. Elm Drive is a beautifully maintained six-unit apartment building featuring a mix of spacious one- and two-bedroom floor plans, generous natural light, hardwood floors, and private front and rear entrances. The property has been thoughtfully upgraded with major capital improvements, including earthquake retrofit, new HVAC systems, updated water heaters, attic insulation, and exterior paint. Perfectly positioned in one of the most desirable rental markets in Los Angeles, just moments from world-class shopping and dining on Rodeo Drive and Beverly Drive. An excellent opportunity for an investor or owner-user in an irreplaceable Beverly Hills location.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

6

PRICE/UNIT

$583,333

CAP RATE

3.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,068 SF

ZONING

BHR4*

APN/PARCEL ID

4331-011-024

ASK ABOUT THIS PROPERTY

Drew GlickmaneXp Realty of Greater LAMore Info
310-600-6208

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Drew GlickmaneXp Realty of Greater LAMore Info
310-600-6208

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