Active
333 S Rexford Drive
Beverly Hills CA, 90212
$3,495,000
$548.67 per sqft
Active
10 Beds
8 Baths
6,370 sqft
Residential
Built in 1955
Listed by Jonathan Taksa with Remax Commercial and Investment Realty 424-672-8220
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.
24458883
MLSⓇ ID
October 31, 2024
Listed
November 8, 2024
Updated
Map
333 S Rexford Drive
Beverly Hills CA, 90212
Interior Features
Total Stories
1
Bedrooms
10
Total Bathrooms
8
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.14 Acres
Other Property Details
Area Name
C01 - Beverly Hills
Days on Market
8
Garage
No
Parking
Assigned
Parking Total
8
View
No
County
Los Angeles
Pool
No
Zoning
BHR4*
Listing Contact: 213-817-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/8/2024 at 1:40 PM UTC