253 South Elm Drive
$2,725,000
7
8
4,049
4,049
$673
Description
Just reduced! 253 S Elm is a prime investment opportunity in the coveted Beverly Hills neighborhood. Located just a few blocks from Wilshire Blvd, this fourplex offers close proximity to Beverly Hills’ premier shopping, dining, and entertainment destinations. The property consists of three spacious 2-bedroom, 2-bath units and one well-appointed 1-bedroom, 2-bath unit, all with substantial upside potential. We anticipate that we can deliver one 2-bed unit vacant on or before December 15th. A detached...Just reduced! 253 S Elm is a prime investment opportunity in the coveted Beverly Hills neighborhood. Located just a few blocks from Wilshire Blvd, this fourplex offers close proximity to Beverly Hills’ premier shopping, dining, and entertainment destinations. The property consists of three spacious 2-bedroom, 2-bath units and one well-appointed 1-bedroom, 2-bath unit, all with substantial upside potential. We anticipate that we can deliver one 2-bed unit vacant on or before December 15th. A detached four-car garage at the rear provides an excellent opportunity for additional income through ADU conversions (buyer to verify). Each unit is thoughtfully designed with open floor plans, individual gas and electric meters, central air and heating, and in-unit washer/dryers. The property’s strategic location within the growing and highly sought-after Beverly Hills rental market ensures continued strong demand. Tenants enjoy easy access to upscale businesses, renowned dining options, and major employment centers.
253 S Elm is available individually or as a package with the nearby fourplex at 148 S Maple, offering expanded investment possibilities. Contact for OMs. DISCLAIMER: The broker and broker’s agents do not guarantee the accuracy of square footage, bedroom/bathroom counts, lot size, or dimensions. Buyers are strongly advised to conduct their own independent investigations to verify all information. This includes inspections and consultations with appropriate licensed professionals. Prior to closing escrow, buyers should ensure all aspects of the property meet their satisfaction through thorough verification.
253 S Elm is available individually or as a package with the nearby fourplex at 148 S Maple, offering expanded investment possibilities. Contact for OMs. DISCLAIMER: The broker and broker’s agents do not guarantee the accuracy of square footage, bedroom/bathroom counts, lot size, or dimensions. Buyers are strongly advised to conduct their own independent investigations to verify all information. This includes inspections and consultations with appropriate licensed professionals. Prior to closing escrow, buyers should ensure all aspects of the property meet their satisfaction through thorough verification.
Property Details for 253 South Elm Drive
Parking Spaces Total
4
Private PoolNo
Cooling TypeCentral Forced Air
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4049
Assessor Parcel Number4331-009-015
LISTING UPDATED: 11/22/2024 07:45 AM
Property Details for 253 South Elm Drive
Status | Active |
---|---|
MLS # | SR24189774 |
Days on Market | 81 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1936 |
Lot Size | 0.14 AC / 6,073 SF |
County | Los Angeles County |
Building Information for 253 South Elm Drive
Stories2Residences-Year Built1936Building Size-Lot Size0.14 AC / 6,073 SF
Property Information for 253 South Elm Drive
Property History for 253 South Elm Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 253 South Elm Drive
Taxable ValueLand$2,446,749Additions$727,580Total$3,174,329
Tax Record2024$38,499 ($3,208 / month)
Home Facts
Total Finished SqFt4,049 SqFtAbove Grade Finished SqFt4,049 SqFtLot Size6,071 SqFtStyleQuadraplexYear Built1936ZoningBHR4YYCountyLOS ANGELESAPN4331-009-015
Schools near 253 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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