153 South Spalding Drive

Beverly Hills, CA 90212

$5,775,000
Price
14
Beds
14
Baths
12,802 Sq. Ft.
$451 / Sq. Ft.
12,802
Sq. Ft.
$451
per Sq. Ft.

Description

153 S Spalding Dr welcomes you to a distinguished ten-unit French Chateau style building in prestigious Beverly Hills. Each unit is generously sized and designed with a blend of classic charm and convenience. This property presents a standout investment opportunity in Beverly Hills, featuring a desirable unit mix and a prime location. Available for individual purchase or as part of a trio with two other multi-family buildings (153 S Linden Dr and 148 S Camden Dr), it offers investors significant...153 S Spalding Dr welcomes you to a distinguished ten-unit French Chateau style building in prestigious Beverly Hills. Each unit is generously sized and designed with a blend of classic charm and convenience. This property presents a standout investment opportunity in Beverly Hills, featuring a desirable unit mix and a prime location. Available for individual purchase or as part of a trio with two other multi-family buildings (153 S Linden Dr and 148 S Camden Dr), it offers investors significant income growth potential. Located near transformative developments such as the planned conversion of the Saks Fifth Avenue complex and The Peninsula Hotel, as well as the renowned boutiques of Rodeo Drive, 153 S Spalding Dr is strategically positioned for long-term value appreciation. Discover the allure of owning property in one of Beverly Hills' most sought-after neighborhoods, where luxury living meets exceptional investment opportunity.
  1. Listed by David Kramer • DRE #00996960 • Brokerage DRE #01853483 • Hilton & Hyland
  2. Listed by Chris Richardson • DRE #01200458 • Richardson Sotheby's International Realty

Property Details for 153 South Spalding Drive

Zoning
BHR4YY
Parcel Number
4328008009
Total Units
10.0
Living Area
12802
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
0
Lot Size Area
9006
LISTING UPDATED: 06/27/2024 04:26 PM

Property Details for 153 South Spalding Drive

StatusActive
MLS #24-397657
Days on Market121
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.21 AC / 9,006 SF
CountyLos Angeles County

Building Information for 153 South Spalding Drive

Stories2Residences-Year Built1940Building Size-Lot Size0.21 AC / 9,006 SF

Property Information for 153 South Spalding Drive

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: CC and R, Property Report, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $266,877
  • Net Operating Income: $212,282.84
  • Gross Income: $266,877
  • Gross Rent Multiplier: $21.02
  • Actual Annual Gross Rent: $266,877.50
  • Total Annual Expense: 54594.66
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2067
  • Lot Size Square Feet: 9006
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 7
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Gravity, Wall Furnace
  • Heating Type: Gravity, Wall, Other
  • Equipment: Refrigerator, Microwave, Range/Oven, Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,903.00
  • Unit Actual Rent: $5,710.00
  • Unit Projected Rent: $19,560.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,234.00
  • Unit Actual Rent: $8,935.00
  • Unit Projected Rent: $29,240.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $3,900.00
  • Unit Projected Rent: $8,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,175.00
  • Unit Actual Rent: $4,350.00
  • Unit Projected Rent: $10,550.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $224,788.00
  • Assessed Improvement Percent: 45.78
  • Assessed Land Value: $266,268.00
  • Assessed Land Percent: 54.22
  • Assessed Total Value: $491,056.00

Property History for 153 South Spalding Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 153 South Spalding Drive

Taxable ValueLand$271,593Additions$229,283Total$500,876
Tax Record2024$7,506 ($626 / month)
Home Facts
Total Finished SqFt12,802 SqFtAbove Grade Finished SqFt12,802 SqFtLot Size9,003 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningBHR4YYCountyLOS ANGELESAPN4328-008-009

Schools near 153 South Spalding Drive

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
El Rodeo Elementary School
PublicK to 5

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Good Shepherd Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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153 South Spalding Drive is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on June 18, 2024 by Hilton & Hyland, it's currently listed at $5,775,000. This listing's school district is Beverly Hills Unified School District. Nearby schools include El Rodeo Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 153 South Spalding Drive is a 14-bed, 14-bath, 12,802 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hilton & Hyland, David Kramer, DRE #00996960; Richardson Sotheby's International Realty, Chris Richardson, DRE #01200458

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.