253 S Elm Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$2,725,000 USD
818-715-0965
253 S Elm Dr, Beverly Hills, CA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/3
null | 3.28% Cap Rate

253 S Elm Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Highly Desirable Beverly Hills Location
  • Significant upside potential
  • Garages in rear

OVERVIEW

Just reduced! 253 S Elm is a prime investment opportunity in the coveted Beverly Hills neighborhood. Located just a few blocks from Wilshire Blvd, this fourplex offers close proximity to Beverly Hills’ premier shopping, dining, and entertainment destinations. The property consists of three spacious 2-bedroom, 2-bath units and one well-appointed 1-bedroom, 2-bath unit, all with substantial upside potential. Possible vacany. A detached four-car garage at the rear provides an excellent opportunity for additional income through ADU conversions (buyer to verify). Each unit is thoughtfully designed with open floor plans, individual gas and electric meters, central air and heating, and in-unit washer/dryers. The property’s strategic location within the growing and highly sought-after Beverly Hills rental market ensures continued strong demand. Tenants enjoy easy access to upscale businesses, renowned dining options, and major employment centers. Email Justin for OMs: justins@adrproperties.com DISCLAIMER: The broker and broker’s agents do not guarantee the accuracy of square footage, bedroom/bathroom counts, lot size, or dimensions. Buyers are strongly advised to conduct their own independent investigations to verify all information. This includes inspections and consultations with appropriate licensed professionals. Prior to closing escrow, buyers should ensure all aspects of the property meet their satisfaction through thorough verification. Showing Instructions: Drive-by only. Do not disturb tenants. Inside with accepted offer.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$673 USD /SF

# OF UNITS

4

PRICE/UNIT

$681,250

CAP RATE

3.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elm Drive Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,055 SF

ZONING

BHR4YY

APN/PARCEL ID

4331-009-015

ASK ABOUT THIS PROPERTY

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818-715-0965

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Justin SeigelADR Preferred Business PropertiesMore Info
818-715-0965

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.