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$ 4,800,000
Est. payment /mo
New
329 S Rexford DR Beverly Hills, CA 90212
6,072 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26197918
HOA Y/N No
Year Built 1960
Lot Size 6,072 Sqft
Property Sub-Type Mixed Use
Property Description
This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market.
The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset.
Ideally situated in one of Beverly Hills' most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property's relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles' most sought-after amenities and employment hubs.
With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.
The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset.
Ideally situated in one of Beverly Hills' most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property's relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles' most sought-after amenities and employment hubs.
With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4331011008
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Woody Stahl Lyon Stahl Investment Real Est broker@lyonstahl.com, DRE #01399621