256 South Reeves Drive

Beverly Hills, CA 90212

$2,675,000
Last Sold Price
6
Beds
4
Baths
5,789 Sq. Ft.
$462 / Sq. Ft.
5,789
Sq. Ft.
$462
per Sq. Ft.

Description

4 units in Prime Beverly Hills location, located 1 block east of Beverly Drive and 1 1/2 blocks south of Wilshire Blvd. Close to the Beverly Hills Golden Triangle, Rodeo Drive, Wilshire/Rodeo subway station, Beverly Vista Middle School, shops and restaurants. There are 2 - 1 bed+1 bath & 2 + 2bed+1 bath units. The 2 bedroom units have laundry hook ups. The building is 4,456 square feet and it sits on a 6,070 square foot lot. The units are large and there is upside in the rents. The building is individually...4 units in Prime Beverly Hills location, located 1 block east of Beverly Drive and 1 1/2 blocks south of Wilshire Blvd. Close to the Beverly Hills Golden Triangle, Rodeo Drive, Wilshire/Rodeo subway station, Beverly Vista Middle School, shops and restaurants. There are 2 - 1 bed+1 bath & 2 + 2bed+1 bath units. The 2 bedroom units have laundry hook ups. The building is 4,456 square feet and it sits on a 6,070 square foot lot. The units are large and there is upside in the rents. The building is individually metered for gas and electricity. The units have separate dining rooms and breakfast nooks. First time on the market in more than 20 years. The property requires soft story retrofit work to be completed. The owner is also selling the 6 units located 228 S. Reeves Drive. The properties can be purchased separately or together. Please Do Not Disturb the Tenants. Inspection with Accepted Offer.
  1. Listed by Michael A Salerno • DRE #01212427 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 256 South Reeves Drive

Zoning
BHR4YY
Parcel Number
4331002023
Total Units
4.0
Living Area
5789
Source Living Area
Assessor
Area
Beverly Hills (C01)
Vacancy Rate
3890
Lot Size Area
6070

Location

Listing Courtesy of Miller & Desatnik Realty Co., Michael A Salerno, DRE #01212427

Sold By Miller & Desatnik Realty Co., Michael A Salerno, DRE #01212427

Add your commute
LISTING UPDATED: 05/18/2021 01:28 PM

Property Details for 256 South Reeves Drive

StatusSold
MLS #21-710838
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.14 AC / 6,070 SF
CountyLos Angeles County

Location

Listing Courtesy of Miller & Desatnik Realty Co., Michael A Salerno, DRE #01212427

Sold By Miller & Desatnik Realty Co., Michael A Salerno, DRE #01212427

Add your commute

Building Information for 256 South Reeves Drive

Stories2Residences-Year Built1926Building Size-Lot Size0.14 AC / 6,070 SF

Payment Calculator

$17,422 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,599

Property Taxes

$2,823

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 256 South Reeves Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $126,979
  • Net Operating Income: $67,682.00
  • Gross Income: $130,869
  • Gross Rent Multiplier: $21.01
  • Total Annual Expense: 59297
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1394
  • Lot Size Square Feet: 6070
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Uncovered
  • Total Parking: 6
  • Open Other Spaces Total: 5
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-25-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,395.00
  • Unit Actual Rent: $3,395.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,195.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,240.70
  • Unit Actual Rent: $2,240.70
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,975.00
  • Unit Actual Rent: $1,975.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $75,300.00
  • Assessed Improvement Percent: 31.94
  • Assessed Land Value: $160,491.00
  • Assessed Land Percent: 68.06
  • Assessed Total Value: $235,791.00

Property History for 256 South Reeves 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 256 South Reeves Drive

Taxable ValueLand$1,742,670Additions$1,040,400Total$2,783,070
Tax Record2023$33,871 ($2,823 / month)
Home Facts
Total Finished SqFt4,456 SqFtAbove Grade Finished SqFt4,456 SqFtLot Size6,070 SqFtStyleQuadraplexYear Built1926ZoningBHR4YYCountyLOS ANGELESAPN4331-002-023

Schools near 256 South Reeves 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 Miller & Desatnik Realty Co., Michael A Salerno, DRE #01212427

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.