Property listed by Matthews Real Estate Investment Services, Nabil Awada 866-889-0550
$5,100,000
We are 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. 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 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 areawith 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, recently painted building with upgrades in select units. 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. Read Less
Listing Snapshot
Days Online
27
Last Updated
Beds
14
Square Ft.
7,093
Lot Size
0.14 Acres
Year Built
1954
MLS Number
26653947
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1954, Living area: 7093.0, 1 building, 2 stories, Levels: Two
Cooling
WallWindowUnits
Income
Gross Income: $335,826, Net Operating Income: $223,780
Interior Features
CeilingFans
Lot
0.1393 acres
Parking
10 total parking spaces, AttachedCarport, Assigned
Taxes
Parcel Number: 4331011010, 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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