157 South Elm Drive

Beverly Hills, CA 90212

$3,125,000
Price
6
Beds
5
Baths
5,012 Sq. Ft.
$624 / Sq. Ft.
5,012
Sq. Ft.
$624
per Sq. Ft.

Description

This rare investment opportunity is in a Prime location in the heart of Beverly Hills. The Property is just minutes from the world-famous Rodeo Drive. With convenient access to world-class shopping, dining, and entertainment options you truly experience the essence of upscale living at its finest. This exquisitely maintained Triplex building features 3 luxury apartments that are updated with new kitchens, high-end appliances as well as abundant cabinet and closet spaces. UNIT 1: 2/2 The upstairs...This rare investment opportunity is in a Prime location in the heart of Beverly Hills. The Property is just minutes from the world-famous Rodeo Drive. With convenient access to world-class shopping, dining, and entertainment options you truly experience the essence of upscale living at its finest. This exquisitely maintained Triplex building features 3 luxury apartments that are updated with new kitchens, high-end appliances as well as abundant cabinet and closet spaces. UNIT 1: 2/2 The upstairs apartment is currently rented at $5250/month. Natural light floods through the extra-large windows creating a bright and inviting ambiance. Enter through your private entrance up the elegant staircase to your sanctuary. Cozy up by the fireplace in the spacious layout of the living area adorned with wood floors that flow seamlessly into the family room with a spacious den for an open concept. The 2 large bedrooms feature ample closet space as well as a powder room. The primary bath suite with a modern soaking tub and shower. Unit 2: 2/2 This exquisite ground-floor luxury apartment is rented at $4500/month and boasts elegance with natural light and a fireplace. Open living concept with large family and living room plus open den and a modern kitchen with ample cabinet space. Custom closets in both bedrooms and a fully updated master bath. Units 3: 1/1 unit rented for $1441/mo. Front door access and secured back gate entrance. Parking is a breeze with a remote-operated private large 2-car garage with EV chargers and extra storage as well as street parking permits available. A spacious private courtyard with lush landscaping and cozy outdoor furniture ideal for barbeque and relaxation. Separate storage and laundry room. The roof was replaced this year. Quiet neighborhood centrally located in proximity to a top-rated school district. Incredible opportunity to own income property in prestigious Beverly Hills. 100% tenant occupied. Call the Agent for any additional information. Access to property with accepted offer only. Do not disturb tenants
  1. Listed by Evelyn Reyes • DRE #02151336 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 157 South Elm Drive

Zoning
BHR4YY
Parcel Number
4331008012
Total Units
3.0
Living Area
5012
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
0
Lot Size Area
6070
LISTING UPDATED: 09/18/2024 11:28 AM

Property Details for 157 South Elm Drive

StatusActive
MLS #24-434723
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.14 AC / 6,070 SF
CountyLos Angeles County

Building Information for 157 South Elm Drive

Stories-Residences-Year Built1958Building Size-Lot Size0.14 AC / 6,070 SF

Property Information for 157 South Elm Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Appartments
Contract Info
Contract Info
  • Disclosures: Oil Rights
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $147,667
  • Net Operating Income: $117,644.81
  • Gross Income: $147,677
  • Gross Rent Multiplier: $147,667.00
  • Actual Annual Gross Rent: $146,628.00
  • Total Annual Expense: 30022.19
  • Water Expense: $4,909.00
  • Gas Expense: $1,181
  • Electric Expense: $373.00
  • Other Expense: $307.00
  • Tax Expense: $12,909
  • Insurance Expense: $10,226
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1393
  • Lot Size Square Feet: 6070
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Door Opener, Electric Vehicle Charging Station(s), Private Garage
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door, Garage Door Opener, Private
Interior Features
Interior Features
  • Room Type: Den
  • Rooms: Den, Den/Office
  • Levels: Two
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Wall Unit(s), Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Carpet
  • Equipment: Alarm System, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Skylight(s), Remodeled
  • Room Bathroom Features: Remodeled, Shower in Tub
  • Bathroom Features: Remodeled, Shower and Tub
  • Cooking Appliances: Microwave, Oven
  • Laundry: Community
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Patio Features: Patio Open, Balcony
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,250.00
  • Unit Actual Rent: $63,000.00
  • Unit Projected Rent: $5,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $54,000.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,441.00
  • Unit Actual Rent: $17,292.00
  • Unit Projected Rent: $1,441.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $318,613.00
  • Assessed Improvement Percent: 32.0
  • Assessed Land Value: $677,083.00
  • Assessed Land Percent: 68
  • Assessed Total Value: $995,696.00

Property History for 157 South Elm 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 157 South Elm Drive

Taxable ValueLand$690,624Additions$324,985Total$1,015,609
Tax Record2023$12,468 ($1,039 / month)
Home Facts
Total Finished SqFt5,012 SqFtAbove Grade Finished SqFt5,012 SqFtLot Size6,070 SqFtStyleTriplexYear Built1958ZoningBHR4YYCountyLOS ANGELESAPN4331-008-012

Schools near 157 South Elm Drive

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Beverly Vista Elementary School
Public6 to 8

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Harkham Hillel Hebrew Academy
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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157 South Elm Drive is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on September 13, 2024 by Coldwell Banker Realty, it's currently listed at $3,125,000. This listing's school district is Beverly Hills Unified School District. Nearby schools include Beverly Vista Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 157 South Elm Drive is a 6-bed, 5-bath, 5,012 sqft multi-family home built in 1958.

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 Coldwell Banker Realty, Evelyn Reyes, DRE #02151336

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.