Multifamily

158 S Elm Dr

158 S Elm Dr, Beverly Hills, CA 90212

Listing Price: $3,500,000

Cap Rate
3.56%
Number of Units
6
Price/Unit
$583,333
Price/Gross SF
$649.83
Gross SF
5,386

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire, 158 S Elm Dr in Beverly Hills. Built-in 1938 and located just off the world-famous ‘Golden Triangle,’ this is a rare opportunity to own a historic piece of irreplaceable Real Estate in one of California’s most sought after neighborhoods. The property consists of six art-deco, spacious one bedroom one bathroom units all separately metered for gas and electricity, with in-unit laundry and air conditioning in four of the units. Four of the six units have recently gone through extensive rehab, including new flooring, recessed lighting: quartz countertops, beautiful backsplash, and stainless-steel appliances. One of the units has been updated as well with fresh paint and a stainless-steel fridge and stove. The tenants benefit from being walking distance from world-class shopping centers and restaurants while maintaining a peaceful living environment on one of the best streets in Beverly Hills. Two units are currently vacant, allowing an investor to capitalize on market rents immediately, the property also consists of 6 carport spaces that can be rented to tenants for additional income.

Investment Highlights

  • Located Just Off The World-Famous 'Golden Triangle'
  • 3.56% Entry Cap / 17.73 GRM
  • Four Units Have Recently Gone Through Extensive Rehab

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Sebastian Barahal

    Associate

    Email Sebastian

    License(s): CA: 02116001

    South Bay

Listing Price: $3,500,000

Cap Rate
3.56%
Number of Units
6
Price/Unit
$583,333
Price/Gross SF
$649.83
Gross SF
5,386

Investment Highlights

  • Located Just Off The World-Famous 'Golden Triangle'
  • 3.56% Entry Cap / 17.73 GRM
  • Four Units Have Recently Gone Through Extensive Rehab

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire, 158 S Elm Dr in Beverly Hills. Built-in 1938 and located just off the world-famous ‘Golden Triangle,’ this is a rare opportunity to own a historic piece of irreplaceable Real Estate in one of California’s most sought after neighborhoods. The property consists of six art-deco, spacious one bedroom one bathroom units all separately metered for gas and electricity, with in-unit laundry and air conditioning in four of the units. Four of the six units have recently gone through extensive rehab, including new flooring, recessed lighting: quartz countertops, beautiful backsplash, and stainless-steel appliances. One of the units has been updated as well with fresh paint and a stainless-steel fridge and stove. The tenants benefit from being walking distance from world-class shopping centers and restaurants while maintaining a peaceful living environment on one of the best streets in Beverly Hills. Two units are currently vacant, allowing an investor to capitalize on market rents immediately, the property also consists of 6 carport spaces that can be rented to tenants for additional income.

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Sebastian Barahal

    Associate

    Email Sebastian

    License(s): CA: 02116001

    South Bay

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