333 South Rexford Drive

Beverly Hills, CA 90212

$3,595,000
Price
10
Beds
8
Baths
6,370 Sq. Ft.
$564 / Sq. Ft.
6,370
Sq. Ft.
$564
per Sq. Ft.

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.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 333 South Rexford Drive

Zoning
BHR4*
Parcel Number
4331011009
Total Units
8.0
Living Area
6370
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
3%
Lot Size Area
6072
LISTING UPDATED: 12/02/2024 09:07 AM

Property Details for 333 South Rexford Drive

StatusActive
MLS #24-458883
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.14 AC / 6,072 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1s,2s
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $206,245
  • Net Operating Income: $112,263.00
  • Gross Income: $205,445
  • Gross Rent Multiplier: $17.43
  • Total Annual Expense: 87819
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1394
  • Lot Size Square Feet: 6072
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-31-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,310.00
  • Unit Actual Rent: $4,620.00
  • Unit Projected Rent: $6,190.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,083.00
  • Unit Actual Rent: $12,500.00
  • Unit Projected Rent: $16,770.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $145,375.00
  • Assessed Improvement Percent: 46.29
  • Assessed Land Value: $168,703.00
  • Assessed Land Percent: 53.71
  • Assessed Total Value: $314,078.00

Property History for 333 South Rexford 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 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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333 South Rexford Drive is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on October 31, 2024 by Remax Commercial and Investment Realty, it's currently listed at $3,595,000. 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. 333 South Rexford Drive is a 10-bed, 8-bath, 6,370 sqft multi-family home built in 1955.

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 Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

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.