333 South Rexford Drive
$3,595,000
10
8
6,370
6,370
$564
Description
We are pleased to offer for sale a rare multifamily investment opportunity located at 333 S Rexford Drive in the famed Westside city of Beverly Hills. Located on a beautiful tree lined street and consisting of 8 units built in 1955, the building exudes classic mid-century architectural elements in a serene setting. The excellent unit mix consists of (2) 2-bedroom, 1-bathroom units and (6) 1-bedroom,1-bathroom units. Each of these units is spacious, has a dynamite floor plan, and offers an abundance...We are pleased to offer for sale a rare multifamily investment opportunity located at 333 S Rexford Drive in the famed Westside city of Beverly Hills. Located on a beautiful tree lined street and consisting of 8 units built in 1955, the building exudes classic mid-century architectural elements in a serene setting. The excellent unit mix consists of (2) 2-bedroom, 1-bathroom units and (6) 1-bedroom,1-bathroom units. Each of these units is spacious, has a dynamite floor plan, and offers an abundance of natural light. Units feature large kitchens and bathrooms and utilities are separately metered for both gas and electricity. Additional property attributes include lushly landscaped grounds, ample on-site parking (soft story retrofit has been completed), and an on-site laundry facility. The property presents investors with a quintessential "value-add" opportunity, as there is tremendous rental upside with rents hovering around $2.70/SQFT. Owned by the same family for multiple decades, this is an incredible turnkey asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. The property is also ideally located in the desirous Beverly Hills Unified School District and walking distance to Beverly Vista Middle School and Beverly Hills High School. In close proximity to high-end dining and nightlife of Robertson Blvd. and the incredible shopping on Rodeo Drive, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire an easy to manage asset in one of the most prestigious parts of the Westside.
- Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 333 South Rexford Drive
Zoning
BHR4*
Parcel Number4331011009
Total Units8.0
Living Area6370
Source Living AreaVendor Enhanced
AreaBeverly Hills (C01)
Vacancy Rate3%
Lot Size Area6072
LISTING UPDATED: 12/02/2024 09:07 AM
Property Details for 333 South Rexford Drive
Status | Active |
---|---|
MLS # | 24-458883 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.14 AC / 6,072 SF |
County | Los Angeles County |
Building Information for 333 South Rexford Drive
Stories2Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,072 SF
Property Information for 333 South Rexford Drive
Property History for 333 South Rexford 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 333 South Rexford Drive
Taxable ValueLand$172,077Additions$148,632Total$320,709
Tax Record2024$4,817 ($401 / month)
Home Facts
Total Finished SqFt6,370 SqFtAbove Grade Finished SqFt6,370 SqFtLot Size6,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningBHR4*CountyLOS ANGELESAPN4331-011-009
Schools near 333 South Rexford 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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