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205 S Reeves Dr 4 Unit Apartment Building $3,400,000 ($850,000/Unit) 4.08% Cap Rate Beverly Hills, CA 90212
Executive Summary
205 S Reeves Drive is a charming four-unit multifamily asset situated in one of Southern California’s most coveted, supply-constrained
rental markets. Originally constructed in 1935, the property benefits from classic Spanish-style architecture and a premier Beverly Hills
location a few steps from South Beverly Drive’s dining, retail, and lifestyle amenities. This exceptional positioning continues to drive strong
and consistent tenant demand supported by walkability, proximity to employment centers, and the city’s high barriers to new development.
The asset features an attractive and highly desirable unit mix anchored by larger-format residences rarely found in comparable four-unit
properties. The configuration includes two expansive three-bedroom units (one 3-bedroom/3-bath and one 3-bedroom/2-bath), comple-
mented by a 2-bedroom/1-bath and a 1-bedroom/1-bath unit.
These larger layouts appeal to families, professionals, and long-term tenants, contributing to reduced turnover, durable income, and mean-
ingful upside through interior renovation and rental growth.
Residences are equipped with air conditioning and heating, functional kitchens, and select fireplaces, enhancing livability and tenant
comfort. Additional amenities include in-unit and on-site laundry, covered parking, and a private central courtyard—features that further
support tenant retention and long-term occupancy. Period finishes and Spanish architectural details differentiate the property from
surrounding multifamily inventory while preserving its timeless Beverly Hills character.
Located south of Wilshire Boulevard and adjacent to Beverly Hills’ Golden Triangle business district, 205 S Reeves Drive offers walkable
access to major employment hubs, parks, high-end retail, and renowned cultural destinations. Tenants benefit from immediate proximity to
Urth Caffé, Chaumont Bakery & Café, Parakeet Café, and Maru Espresso Bar, as well as top dining destinations including Bacari Beverly
Hills, Matu, and All’Antico Vinaio. Daily conveniences such as Whole Foods Market, Pavilions, Beverly Canon Gardens, and world-class
shopping along Rodeo Drive further reinforce the property’s exceptional livability.
Situated in an irreplaceable Beverly Hills location, 205 S Reeves Drive offers the opportunity to acquire a distinguish
rental markets. Originally constructed in 1935, the property benefits from classic Spanish-style architecture and a premier Beverly Hills
location a few steps from South Beverly Drive’s dining, retail, and lifestyle amenities. This exceptional positioning continues to drive strong
and consistent tenant demand supported by walkability, proximity to employment centers, and the city’s high barriers to new development.
The asset features an attractive and highly desirable unit mix anchored by larger-format residences rarely found in comparable four-unit
properties. The configuration includes two expansive three-bedroom units (one 3-bedroom/3-bath and one 3-bedroom/2-bath), comple-
mented by a 2-bedroom/1-bath and a 1-bedroom/1-bath unit.
These larger layouts appeal to families, professionals, and long-term tenants, contributing to reduced turnover, durable income, and mean-
ingful upside through interior renovation and rental growth.
Residences are equipped with air conditioning and heating, functional kitchens, and select fireplaces, enhancing livability and tenant
comfort. Additional amenities include in-unit and on-site laundry, covered parking, and a private central courtyard—features that further
support tenant retention and long-term occupancy. Period finishes and Spanish architectural details differentiate the property from
surrounding multifamily inventory while preserving its timeless Beverly Hills character.
Located south of Wilshire Boulevard and adjacent to Beverly Hills’ Golden Triangle business district, 205 S Reeves Drive offers walkable
access to major employment hubs, parks, high-end retail, and renowned cultural destinations. Tenants benefit from immediate proximity to
Urth Caffé, Chaumont Bakery & Café, Parakeet Café, and Maru Espresso Bar, as well as top dining destinations including Bacari Beverly
Hills, Matu, and All’Antico Vinaio. Daily conveniences such as Whole Foods Market, Pavilions, Beverly Canon Gardens, and world-class
shopping along Rodeo Drive further reinforce the property’s exceptional livability.
Situated in an irreplaceable Beverly Hills location, 205 S Reeves Drive offers the opportunity to acquire a distinguish
Property Facts
| Price | $3,400,000 | Apartment Style | Garden |
| Price Per Unit | $850,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.08% | Building Size | 5,301 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | ||
| Zoning | R4 - High Density Residential | ||
| Price | $3,400,000 |
| Price Per Unit | $850,000 |
| Sale Type | Investment |
| Cap Rate | 4.08% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,301 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | R4 - High Density Residential |
Amenities
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | - | - |
| 3+2 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4331-003-002 | Improvements Assessment | $1,056,006 |
| Land Assessment | $2,080,800 | Total Assessment | $3,136,806 |
Property Taxes
Parcel Number
4331-003-002
Land Assessment
$2,080,800
Improvements Assessment
$1,056,006
Total Assessment
$3,136,806
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205 S Reeves Dr
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