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CALL FOR OFFERS: 5.11% CAP in Beverly Hills 121 S Elm Dr 16 Unit Apartment Building $6,750,000 ($421,875/Unit) 5.15% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- Prime Beverly Hills Location, steps away to Beverly Hills Golden Triangle.
- Property currently is renting all 16 units at $2,500/month but can be delivered vacant.
- All units are completed renovated with updated plumbing and electrical throughout.
Executive Summary
CALL FOR OFFERS Submission Deadline: March 26th 5PM PST!! 5.15% Cap in Beverly Hills at just $421,875 / unit! Jake Plewa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredibly rare multifamily asset at 121 S Elm Drive steps from the Golden Triangle of Beverly Hills. Originally built in 1928, the building boasts 16 single units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.
The building while currently occupied can be delivered 100% vacant, allowing Buyer to rent to the tenants of their choosing. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
A quick walk to Rodeo Drive and the shops of the Golden Triangle this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in the world.
The building while currently occupied can be delivered 100% vacant, allowing Buyer to rent to the tenants of their choosing. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
A quick walk to Rodeo Drive and the shops of the Golden Triangle this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in the world.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$484,800
|
$55.09
|
| Other Income |
$21,764
|
$2.47
|
| Vacancy Loss |
$14,544
|
$1.65
|
| Effective Gross Income |
$492,020
|
$55.91
|
| Taxes |
$81,000
|
$9.20
|
| Operating Expenses |
$63,519
|
$7.22
|
| Total Expenses |
$144,519
|
$16.42
|
| Net Operating Income |
$347,501
|
$39.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $484,800 |
| Annual Per SF | $55.09 |
| Other Income | |
|---|---|
| Annual | $21,764 |
| Annual Per SF | $2.47 |
| Vacancy Loss | |
|---|---|
| Annual | $14,544 |
| Annual Per SF | $1.65 |
| Effective Gross Income | |
|---|---|
| Annual | $492,020 |
| Annual Per SF | $55.91 |
| Taxes | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $9.20 |
| Operating Expenses | |
|---|---|
| Annual | $63,519 |
| Annual Per SF | $7.22 |
| Total Expenses | |
|---|---|
| Annual | $144,519 |
| Annual Per SF | $16.42 |
| Net Operating Income | |
|---|---|
| Annual | $347,501 |
| Annual Per SF | $39.49 |
Property Facts
| Price | $6,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $421,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.15% | Building Size | 8,800 SF |
| Gross Rent Multiplier | 13.9 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2020 |
| Property Subtype | Apartment | ||
| Zoning | BHR4YY | ||
| Price | $6,750,000 |
| Price Per Unit | $421,875 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 13.9 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2020 |
| Zoning | BHR4YY |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Wi-Fi
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4331-008-003 | Total Assessment | $7,054,537 |
| Land Assessment | $4,551,316 | Annual Taxes | $81,000 ($9.20/SF) |
| Improvements Assessment | $2,503,221 | Tax Year | 2025 |
Property Taxes
Parcel Number
4331-008-003
Land Assessment
$4,551,316
Improvements Assessment
$2,503,221
Total Assessment
$7,054,537
Annual Taxes
$81,000 ($9.20/SF)
Tax Year
2025
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CALL FOR OFFERS: 5.11% CAP in Beverly Hills | 121 S Elm Dr
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