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    348 S Elm Drive

    Beverly Hills, CA 90212
    • $4,500,000
    • STATUS: Active
    • ON SITE: 187 days
    • ID#: 20643376
    UPDATED: 38 min ago
    $4,500,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,835
      SQFT
    • $658
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    This opportunity allows for a new investor to own in a densely populated submarket, with a high barrier to entry, and rising rents. With vacancies at multi year lows, an owner may take advantage of significant upside in rental income, no rent concessions, stabilized income, and no loss to lease.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T20:29:07.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/110790726
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    348 S Elm Drive Beverly Hills, CA 90212

    • Price: $4,500,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 20643376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,835
    SQFT
    $658
    $/SQFT
    1954
    Built
    Neighborhood:
    C01 - Beverly Hills
    County:
    Los Angeles
    Area:
    C01 - Beverly Hills
    Property Description
    This opportunity allows for a new investor to own in a densely populated submarket, with a high barrier to entry, and rising rents. With vacancies at multi year lows, an owner may take advantage of significant upside in rental income, no rent concessions, stabilized income, and no loss to lease.
    Exterior Features

    Carport Spaces 4.00 Direction Faces West Lot Size Units Square Feet Parking Features Attached Carport Parking Total 4.00 Parking YN Yes

    Interior Features

    Appliances RangeGas OvenGas CooktopMicrowave Appliances YN Yes

    Property Features

    Country Us Gross Income 226452.00 Gross Multiplier 19.87 Gross Operating Income 219658.00 Net Operating Income 145349.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 74309.00 Zoning Bhr4*

    Listing provided courtesy of David Kaufman of David Ballin Kaufman


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T20:29:07.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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