301 S Rexford Dr

12-13-2022
01-05-2023

301 S Rexford Dr, Beverly Hills, CA 90212

  • 100% Vacant Building in Beverly Hills
  • 4.7 cap and 14 x gross
  • Corner Lot
  • 3350 sq ft Penthouse Unit with Wrap around private decks.
  • 15,000 sq ft building

Property Description

Incredible opportunity to purchase a fully vacant 8 unit building in prime Beverly Hills. Rarely does a deal of this caliber come to market. This rare construction style encompasses subterranean parking, central AC, elevator service, lobby, and an amazing 3,300 sq ft penthouse unit with wrap around decks boasting spectacular tree top and mountain views. The building sits on a prominent corner lot.

All units will be delivered vacant. All units are in great shape and have moderate upgrades expect the penthouse. The PH unit needs a total remodel.
The remaining unit mix is also fantastic with mostly 2 bedroom single level units and one 2 bedroom two level townhouse.
The property has a new roof and all new paint. Ready to be taken to the next level.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 7,900,000
No. of Units
7
Cap Rate
4.75%
Year Built
1962
Year Renovated
2020
Building Size
13,962 Sq ft
Lot Size
7,279.00 sq ft
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 1,128,570
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34.062041, -118.394174

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