333 S Rexford Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$3,595,000 USD
310-968-5303
333 S Rexford Dr, Beverly Hills, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

333 S Rexford Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Premier Beverly Hills location
  • Excellent unit mix of large 1 and 2-bedroom floor plans
  • Significant rental upside (current rents hover around $2.70/SQFT)
  • Exudes classic 1950s mid-century architectural elements
  • Ample on-site parking (soft story retrofit completed)
  • Ideally located in the desirous Beverly Hills Unified School District and walking distance to Beverly Vista Middle School and BH High School

OVERVIEW

Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a rare multifamily investment opportunity located at 333 S Rexford Drive in the famed Westside city of Beverly Hills. Located on a beautiful tree lined street and consisting of 8 units built in 1955, the building exudes classic mid-century architectural elements in a serene setting. The excellent unit mix consists of (2) 2-bedroom, 1-bathroom units and (6) 1-bedroom, 1-bathroom units. Each of these units is spacious, has a dynamite floor plan, and offers an abundance of natural light. Units feature large kitchens and bathrooms and utilities are separately metered for both gas and electricity. Additional property attributes include lushly landscaped grounds, ample on-site parking (soft story retrofit has been completed), and an on-site laundry facility. The property presents investors with a quintessential “value-add” opportunity, as there is tremendous rental upside with rents hovering around $2.70/SQFT. Owned by the same family for multiple decades, this is an incredible turnkey asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. The property is also ideally located in the desirous Beverly Hills Unified School District and walking distance to Beverly Vista Middle School and Beverly Hills High School. In close proximity to high-end dining and nightlife of Robertson Blvd. and the incredible shopping on Rodeo Drive, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage asset in one of the most prestigious parts of the Westside.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

8

PRICE/UNIT

$449,375

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mid-Century Gem in Beverly Hills

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,068 SF

ZONING

BHR4*

APN/PARCEL ID

4331-011-009

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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