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$3,495,000

Est. payment - /mo

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10 BD

8 BA

6,370 SqFt

New

333 S Rexford DR Beverly Hills, CA 90212

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/31/2024 08:31 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,370 sqft

Price per Sqft $548

MLS Listing ID 24458883

Bedrooms 10

HOA Y/N No

Year Built 1955

Lot Size 6,072 Sqft

Property Description

We are 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.

Location

State CA

County Los Angeles

Area C01 - Beverly Hills

Zoning BHR4*

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Assigned

Parking Type Assigned

Total Parking Spaces 8

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4331011009

Special Listing Condition Standard

Listed by Jonathan Taksa • Remax Commercial and Investment Realty

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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