Multifamily

220 S Gale Dr

220 S Gale Dr, Beverly Hills, CA 90211

Listing Price: $5,700,000

Cap Rate
3.28%
Number of Units
11
GRM
18.95
Occupancy
97.0%
Price/Unit
$518,182
Price/Gross SF
$647.36
Gross SF
8,805

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 220 S Gale Drive, an 11--unit (one non-conforming) 1960s Gold Medallion apartment building in beautiful Beverly Hills. Family owned and operated for over fifty years, this modern-deluxe property has been meticulously cared for and recently remodeled from floor to ceiling one unit at a time with thorough restorations and immaculate detail
including upgrades to copper piping, brand new wide-plank flooring, and recessed LED light fixtures throughout.

The thoughtfully revamped kitchens feature all energy-efficient appliances including dishwashers, modern sinks with sleek Goose Neck faucets, and electric glass stove-tops. Custom cabinetry has been carefully selected with real wood and luxury soft-close drawers and hinges. Each bathroom has been refashioned with brand new tile floors, intricate designer mosaics surfacing the bathtubs and surrounding
walls, and lustrous vanities adorned with stainless steel hardware and deep sinks. Bedrooms have large closets stretching the width of the room providing abundant storage space, and laundry is available on site for tenants convenience. (See next page for full list of owner upgrades). The property is just two blocks from the new Beverly Hills Initiative, Beverly Hills Connect, and half a block from La Cienega Park. Within walking distance are many shops and eateries including Starbucks, The Coffee Bean and Tea Leaf, a nail salon, pharmacy, mini mart, dry cleaners, hot yoga and much more.

Investment Highlights

  • All piping in laundry room has been replaced with copper piping
  • All verticals, except for units 2 & 3, have been replaced with copper piping
  • All horizontals in units 1, 4, 5, 6, 7, 8, 9 & 10 have been replaced with copper pipe
  • New roof was installed June 2020
  • Six units have laminate flooring
  • New water heater was installed January 2020

Exclusively Listed By

Listing Price: $5,700,000

Cap Rate
3.28%
Number of Units
11
GRM
18.95
Occupancy
97.0%
Price/Unit
$518,182
Price/Gross SF
$647.36
Gross SF
8,805

Investment Highlights

  • All piping in laundry room has been replaced with copper piping
  • All verticals, except for units 2 & 3, have been replaced with copper piping
  • All horizontals in units 1, 4, 5, 6, 7, 8, 9 & 10 have been replaced with copper pipe
  • New roof was installed June 2020
  • Six units have laminate flooring
  • New water heater was installed January 2020

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 220 S Gale Drive, an 11--unit (one non-conforming) 1960s Gold Medallion apartment building in beautiful Beverly Hills. Family owned and operated for over fifty years, this modern-deluxe property has been meticulously cared for and recently remodeled from floor to ceiling one unit at a time with thorough restorations and immaculate detail
including upgrades to copper piping, brand new wide-plank flooring, and recessed LED light fixtures throughout.

The thoughtfully revamped kitchens feature all energy-efficient appliances including dishwashers, modern sinks with sleek Goose Neck faucets, and electric glass stove-tops. Custom cabinetry has been carefully selected with real wood and luxury soft-close drawers and hinges. Each bathroom has been refashioned with brand new tile floors, intricate designer mosaics surfacing the bathtubs and surrounding
walls, and lustrous vanities adorned with stainless steel hardware and deep sinks. Bedrooms have large closets stretching the width of the room providing abundant storage space, and laundry is available on site for tenants convenience. (See next page for full list of owner upgrades). The property is just two blocks from the new Beverly Hills Initiative, Beverly Hills Connect, and half a block from La Cienega Park. Within walking distance are many shops and eateries including Starbucks, The Coffee Bean and Tea Leaf, a nail salon, pharmacy, mini mart, dry cleaners, hot yoga and much more.

Exclusively Listed By

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