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212 S Reeves Drive

Beverly Hills, CA 90212
  • $4,875,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 22153125
UPDATED: 61 min ago
$4,875,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Joshua Luchs of Cb Richard Ellis, Inc. ()


Description

We are pleased to present this eleven-unit complex located in Beverly Hills, CA consisting of seven studio and four one-bedroom, one-bathroom apartments. The Property, located south of Wilshire Blvd near the intersection of S Beverly Dr and Charleville Blvd and consists of a two structures. There is both covered and uncovered parking spaces in the courtyard and rear with access from the alleyway. 212 S Reeves Dr. boasts a Walk Score of 93, Transit Score of 59, and Bike Score of 60 and is conveniently located near Beverly Hills' Golden Triangle business district, with direct access to luxury shopping and dining establishments along Rodeo Dr. , S Beverly Dr. and in nearby Century City. The earthquake retrofitting was recently completed and the Owner added an on-site laundry room allowing for a new income stream. This deal provides an investor with the opportunity to acquire a trophy asset in irreplaceable Beverly Hills with significant rental upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128349738
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212 S Reeves Drive Beverly Hills, CA 90212

  • Price: $4,875,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 61 min ago
  • ID#: 22153125
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1941
Built
Neighborhood:
C01 - Beverly Hills
County:
Los Angeles
Area:
C01 - Beverly Hills
Property Description
We are pleased to present this eleven-unit complex located in Beverly Hills, CA consisting of seven studio and four one-bedroom, one-bathroom apartments. The Property, located south of Wilshire Blvd near the intersection of S Beverly Dr and Charleville Blvd and consists of a two structures. There is both covered and uncovered parking spaces in the courtyard and rear with access from the alleyway. 212 S Reeves Dr. boasts a Walk Score of 93, Transit Score of 59, and Bike Score of 60 and is conveniently located near Beverly Hills' Golden Triangle business district, with direct access to luxury shopping and dining establishments along Rodeo Dr. , S Beverly Dr. and in nearby Century City. The earthquake retrofitting was recently completed and the Owner added an on-site laundry room allowing for a new income stream. This deal provides an investor with the opportunity to acquire a trophy asset in irreplaceable Beverly Hills with significant rental upside.
Exterior Features

Architectural Style Colonial Carport Spaces 4 Carport YN Yes Direction Faces West Parking Features AssignedOff Site Parking Total 8

Interior Features

Appliances DisposalGas Oven Flooring Wood Heating Natural Gas Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Gross Income 241736 Gross Scheduled Income 234544 Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 140166 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 239736 Vacancy Allowance Rate 1 Zoning Bhr4yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Joshua Luchs of Cb Richard Ellis, Inc. ()