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Multifamily

158 S Elm Dr

158 S Elm Dr, Beverly Hills, CA 90212

Listing Price: $4,199,000

Cap Rate
2.99%
Number of Units
6
Price/Unit
$699,833

Investment Overview

Timeless units in a world-class Beverly Hills location. Across the street from award-winning Beverly Vista school, just a block South of the Golden Triangle and a 5-minute walk to retail on Rodeo, dinner at Spago on Canon, drinks at the Beverly Wilshire... you name it. A "best-of-the-best" rental location. This is a legacy asset with leaded glass, living room, bay windows, coved ceilings, hardwood, and vintage hearths, BUT with modern appointments, as well. 4 of the 6 have been extensively upgraded, recently. The Seller has recently spent around $300,000! ALL NEW: quartz surfaces in the kitchen and bath, tile backsplash, shaker cabinetry, sconces, appliances, recessed lighting, vanities, toilets and tile tub surrounds - dining rooms 'opened up’ and new HVAC units installed! As well as ceiling fans and stackable washers and dryers - also a linen closet and large walk-in closet. All units have front and back doors affording the units nice 'flow'. Individual hot water heaters for all units. Detached garage parking in rear - no seismic retrofit required. Almost 5,400 rentable square feet - spacious units with large living rooms, dining rooms, and built-ins. Steady, 3% cap yield far outpaces the current 10 year bond yield of 1.56%. And an investor also benefits from tax write-offs and of course, capital appreciation, in one of the highest profile and most sought-after locations, in the world.

Investment Highlights

  • Almost 5,400 rentable square feet - spacious units with large living rooms, dining rooms, and built-ins.
  • Steady, 3% cap yield far outpaces the current 10 year bond yield of 1.56%.
  • Mere feet from the world-famous Golden Triangle The best-of-the-best dining and retail, anywhere. A "best-of-the-best location".
  • This is a legacy asset with leaded glass, living room, bay windows, coved ceilings, hardwood, and vintage hearths, BUT with modern appointments, as well.
  • 4 of the 6 have been extensively upgraded, recently. The Seller has recently spent around $300,000! ALL NEW INTERIORS, HVAC AND WASHER/DRYERS.
  • Detached garage parking in rear - no seismic retrofit required.

Exclusively Listed By

Listing Price: $4,199,000

Cap Rate
2.99%
Number of Units
6
Price/Unit
$699,833

Investment Highlights

  • Almost 5,400 rentable square feet - spacious units with large living rooms, dining rooms, and built-ins.
  • Steady, 3% cap yield far outpaces the current 10 year bond yield of 1.56%.
  • Mere feet from the world-famous Golden Triangle The best-of-the-best dining and retail, anywhere. A "best-of-the-best location".
  • This is a legacy asset with leaded glass, living room, bay windows, coved ceilings, hardwood, and vintage hearths, BUT with modern appointments, as well.
  • 4 of the 6 have been extensively upgraded, recently. The Seller has recently spent around $300,000! ALL NEW INTERIORS, HVAC AND WASHER/DRYERS.
  • Detached garage parking in rear - no seismic retrofit required.

Investment Overview

Timeless units in a world-class Beverly Hills location. Across the street from award-winning Beverly Vista school, just a block South of the Golden Triangle and a 5-minute walk to retail on Rodeo, dinner at Spago on Canon, drinks at the Beverly Wilshire... you name it. A "best-of-the-best" rental location. This is a legacy asset with leaded glass, living room, bay windows, coved ceilings, hardwood, and vintage hearths, BUT with modern appointments, as well. 4 of the 6 have been extensively upgraded, recently. The Seller has recently spent around $300,000! ALL NEW: quartz surfaces in the kitchen and bath, tile backsplash, shaker cabinetry, sconces, appliances, recessed lighting, vanities, toilets and tile tub surrounds - dining rooms 'opened up’ and new HVAC units installed! As well as ceiling fans and stackable washers and dryers - also a linen closet and large walk-in closet. All units have front and back doors affording the units nice 'flow'. Individual hot water heaters for all units. Detached garage parking in rear - no seismic retrofit required. Almost 5,400 rentable square feet - spacious units with large living rooms, dining rooms, and built-ins. Steady, 3% cap yield far outpaces the current 10 year bond yield of 1.56%. And an investor also benefits from tax write-offs and of course, capital appreciation, in one of the highest profile and most sought-after locations, in the world.

Exclusively Listed By

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