Property listed by Matthews Real Estate Investment Services, Nabil Awada 866-889-0550
$3,400,000
We are pleased to present 333 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. The mid-century building offers a serene setting for high-quality tenants seeking the quintessential Beverly Hills lifestyle. Boasting a… Read More 90 Walk Score ("Walker's Paradise"), the 6,370 square foot building sits on a 6,070 square foot lot and is zoned R4. Units are separately metered for gas and electricity. 333 S Rexford Drive features (2) 2bed+1bath and (6) 1bed+1bath units. The property offers exceptional parking, a rare luxury for the areawith 10 total spaces (10 per building). Investor risk is mitigated by significant recent capex including recently completed seismic retrofit work and new exterior paint, upgraded electrical mains. With one unit delivered vacant and others tastefully upgraded, this asset provides an immediate value-add opportunity with an additional 40% rental upside in a globally recognized submarket. Read Less
Listing Snapshot
Days Online
27
Last Updated
Beds
10
Square Ft.
6,370
Lot Size
0.14 Acres
Year Built
1955
MLS Number
26653925
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1955, Living area: 6370.0, 1 building, 2 stories, Levels: Two
Cooling
WallWindowUnits
Income
Gross Income: $225,421, Net Operating Income: $144,215
Interior Features
CeilingFans
Lot
0.1394 acres
Parking
10 total parking spaces, AttachedCarport, Assigned
Taxes
Parcel Number: 4331011009, Zoning: BHR4*
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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