144 South Elm Drive

Beverly Hills, CA 90212

$3,500,000
Last Sold Price
8
Beds
8
Baths
6,468 Sq. Ft.
$541 / Sq. Ft.
6,468
Sq. Ft.
$541
per Sq. Ft.

Description

Please Download Offering memorandum Concord is pleased to present 144 South Elm Drive, a rare, generational multifamily, Pride of Ownership investment opportunity in the heart of Beverly Hills. Located less than 600 feet from the iconic Golden Triangle, and within short walking distance to the most luxurious retailers, bars and restaurants that Beverly Hills has to offer. Rents are well below market rate, providing tremendous upside to a prospective investor, with some rents being more than 70% below...Please Download Offering memorandum Concord is pleased to present 144 South Elm Drive, a rare, generational multifamily, Pride of Ownership investment opportunity in the heart of Beverly Hills. Located less than 600 feet from the iconic Golden Triangle, and within short walking distance to the most luxurious retailers, bars and restaurants that Beverly Hills has to offer. Rents are well below market rate, providing tremendous upside to a prospective investor, with some rents being more than 70% below prevailing market rates. Spacious and roomy units, with each One (1) Bedroom unit being over 750 Square Feet. Five (5) Parking spots in the rear, which is rare in the immediate area and can provide additional income. 6,468 Square Foot Building, situated on a 6,070 Square Foot Lot.
  1. Listed by Yoav Sarraf • DRE #01856362 • Brokerage DRE #01856362 • Concord Real Estate Service

Property Details for 144 South Elm Drive

Zoning
BHR4YY
Parcel Number
4331013035
Total Units
8.0
Living Area
6468
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
2
Lot Size Area
6070

Location

Listing Courtesy of Concord Real Estate Service, Yoav Sarraf, DRE #01856362

Sold By Concord Real Estate Service, Yoav Sarraf, DRE #01856362

Add your commute
LISTING UPDATED: 12/02/2022 03:48 PM

Property Details for 144 South Elm Drive

StatusSold
MLS #22-134651
Days on Market163
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.14 AC / 6,070 SF
CountyLos Angeles County

Location

Listing Courtesy of Concord Real Estate Service, Yoav Sarraf, DRE #01856362

Sold By Concord Real Estate Service, Yoav Sarraf, DRE #01856362

Add your commute

Building Information for 144 South Elm Drive

Stories-Residences-Year Built1930Building Size-Lot Size0.14 AC / 6,070 SF

Payment Calculator

$22,689 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$3,588

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 144 South Elm Drive

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 1 Bed
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $17,300
  • Net Operating Income: $142,000.00
  • Gross Income: $17,141
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $17.30
  • Actual Gross Annual Income: $205,692
  • Owner Pays: Electricity, Gas, Water, Gardener
  • Total Annual Expense: 65000
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1393
  • Lot Size Square Feet: 6070
Parking Details
Parking Details
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 5
  • Parking Features: Carport, Covered
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating Type: Wall Gas
  • Equipment: Dryer, Freezer
  • Laundry: Garage
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-08-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106

Property History for 144 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 144 South Elm Drive

Taxable ValueLand$2,800,000Additions$702,400Total$3,502,400
Tax Record2023$43,052 ($3,588 / month)
Home Facts
Total Finished SqFt6,468 SqFtAbove Grade Finished SqFt6,468 SqFtLot Size6,070 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningBHR4YYCountyLOS ANGELESAPN4331-013-035

Schools near 144 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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Concord Real Estate Service, Yoav Sarraf, DRE #01856362

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.