233 South Gale Drive

Beverly Hills, CA 90211

$2,390,000
Price
6
Beds
4
Baths
3,964 Sq. Ft.
$603 / Sq. Ft.
3,964
Sq. Ft.
$603
per Sq. Ft.

Description

We are pleased to present the exclusive listing of 233 South Gale Drive in Beverly Hills. Built in 1947, this French Normandy-style triplex offers a unique blend of historic charm and modern amenities. The property consists of three distinct units, totaling 3,964 rentable square feet on a 5,841 square foot lot. The triplex features a three-bedroom, two-bathroom unit, a two-bedroom, one-bathroom unit, and a one-bedroom, one-bathroom unit (the one bedroom is vacant). The three-bedroom unit occupies...We are pleased to present the exclusive listing of 233 South Gale Drive in Beverly Hills. Built in 1947, this French Normandy-style triplex offers a unique blend of historic charm and modern amenities. The property consists of three distinct units, totaling 3,964 rentable square feet on a 5,841 square foot lot. The triplex features a three-bedroom, two-bathroom unit, a two-bedroom, one-bathroom unit, and a one-bedroom, one-bathroom unit (the one bedroom is vacant). The three-bedroom unit occupies the entire top floor, offering expansive living space with abundant natural light. It features original tilework in the kitchen and bathrooms, two separate entrances, and in-unit laundry, contributing to its attractiveness. The property maintains its historic charm with features like crown moldings, faux fireplaces, and vintage ceramic tiles while incorporating modern upgrades. The two-bedroom unit is front-facing, provides plenty of natural light, and boasts restored hardwood flooring, vintage crown molding, and 1940s ceramic tile. This unit also has access to a front garden, covered parking, and private entrance, enhancing its appeal to potential tenants. The one-bedroom unit benefits from newly refinished hardwood floors, upgraded kitchen flooring, and new window coverings. It also includes a newly installed alarm system and in-unit laundry facilities, making it a comfortable and modern living space. The Beverly Hills location adds significant value, as the area is known for its luxury real estate and high rental demand. The mix of unit sizes and attractive features positions this triplex as a strong candidate for generating stable rental income. The blend of classic style and contemporary upgrades makes 233 South Gale Drive a standout property in the competitive rental market of Beverly Hills. Ideally located 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard. The property is steps away from La Cienega Park, and minutes from Rodeo Drive, The Grove, the Beverly Center, and West Hollywood. Beverly Hills provides a blend of high-end dining, luxury shopping such as Spago Beverly Hills, Mastro's Steakhouse, The Bazaar by Jos Andrs and Nobu Beverly Hills. This sought-after area is synonymous with high-end living, featuring a blend of historic charmed modern sophistication. Residents can also explore a range of cultural attractions including the historic Saban Theater, the Beverly Hills Hotel, the Greystone Mansion, the Getty Center, the Hollywood Bowl and Museum Row on the Miracle Mile which includes Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, The Petersen Automotive Museum and the Academy Museum of Motion Pictures. The property benefits from excellent connectivity to major roads, including Santa Monica Boulevard and Wilshire Boulevard, as well as easy access to the 405 and 10 Freeways.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 233 South Gale Drive

Zoning
BHR475
Style
Normandy
Parcel Number
4333029003
Total Units
3.0
Living Area
3964
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
Occupied
LISTING UPDATED: 12/16/2024 04:38 PM

Property Details for 233 South Gale Drive

StatusActive Under Contract
MLS #24-437987
Days on Market138
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.13 AC / 5,829 SF
CountyLos Angeles County

Building Information for 233 South Gale Drive

Stories2Residences-Year Built1947Building Size-Lot Size0.13 AC / 5,829 SF

Property Information for 233 South Gale Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $118,903
  • Net Operating Income: $74,242.00
  • Gross Income: $118,903
  • Cap Rate: 3.11%
  • Gross Rent Multiplier: $19.50
  • Vacancy Allow Dollar: $3,677.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 73667452
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1338
  • Lot Size Square Feet: 5829
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 3
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,415.00
  • Unit Actual Rent: $4,415.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $2,995.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $541,008.00
  • Assessed Improvement Percent: 23.42
  • Assessed Land Value: $1,768,680.00
  • Assessed Land Percent: 76.58
  • Assessed Total Value: $2,309,688.00

Property History for 233 South Gale 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 233 South Gale Drive

Taxable ValueLand$1,804,053Additions$551,828Total$2,355,881
Tax Record2024$28,702 ($2,392 / month)
Home Facts
Total Finished SqFt3,964 SqFtAbove Grade Finished SqFt3,964 SqFtLot Size5,841 SqFtStyleTriplexYear Built1947ZoningBHR475CountyLOS ANGELESAPN4333-029-003

Schools near 233 South Gale 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 - 6 to 12
Rating
School
Distance
Horace Mann Elementary School
PublicK to 5

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Futures Academy - Beverly Hills
Private6 to 12

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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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 Marcus & Millichap, Eliyahu Appel, DRE #01918652

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.