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144 S Elm Dr

Beverly Hills, CA 90212
  • $3,899,999
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 22-134651
Price Reduced
$3,899,999
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,468
    SQFT
  • $603
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

Concord is pleased to present 144 South Elm Drive, a rare, generational multifamily investment opportunity in the heart of Beverly Hills. Located less than 600 feet from the iconic Golden Triangle, and within short walking distance to the most luxurious retailers, bars and restaurants that Beverly Hills has to offer.Rents are well below market rate, providing tremendous upside to a prospective investor, with some rents being more than 70% below prevailing market rates.Spacious and roomy units, with each One (1) Bedroom unit being over 800 Square Feet.Five (5) Parking spots in the rear, which is rare in the immediate area and can provide additional income.6,468 Square Foot Building, situated on a 6,070 Square Foot Lot.Landlord pays for Electric, water, and gas (one meter).

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T23:42:55.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/126511144
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144 S Elm Dr Beverly Hills, CA 90212

  • Price: $3,899,999
  • Status: Active
  • On Site: 81 Days
  • MLS #: 22-134651
8
Beds
0
Baths
0
½ Baths
0.14
Acres
6,468
SQFT
$603
$/SQFT
1930
Built
Neighborhood:
Beverly Hills
County:
Los Angeles
Area:
Beverly Hills
Property Description
Concord is pleased to present 144 South Elm Drive, a rare, generational multifamily investment opportunity in the heart of Beverly Hills. Located less than 600 feet from the iconic Golden Triangle, and within short walking distance to the most luxurious retailers, bars and restaurants that Beverly Hills has to offer.Rents are well below market rate, providing tremendous upside to a prospective investor, with some rents being more than 70% below prevailing market rates.Spacious and roomy units, with each One (1) Bedroom unit being over 800 Square Feet.Five (5) Parking spots in the rear, which is rare in the immediate area and can provide additional income.6,468 Square Foot Building, situated on a 6,070 Square Foot Lot.Landlord pays for Electric, water, and gas (one meter).
Exterior Features

Lot Size Area 6070 Other Structures None Parking Garage CarportCovered Parking Total Parking 5

Interior Features

Baths Total 8.00 Cooling Air Conditioning Equipment DishwasherDryerFreezer Heating Wall Gas Laundry Garage

Property Features

Alley YN Yes Assessed Total Value 249331 Gross Income 186804 Gross Operating Income 186804 Like Units1 3 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 114804.00 Number Of Buildings 1 Number Of Units 8 Owner Pays ElectricityGasWaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 72000 Type Of Units 1 Bed Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Bhr4yy

Listing provided courtesy of Yoav Sarraf DRE#01856362 of Concord Real Estate Service.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T23:42:55.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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