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240 S Doheny Dr 22 Unit Apartment Building $9,900,000 ($450,000/Unit) 4.40% Cap Rate Beverly Hills, CA 90211
Investment Highlights
- Location
- Courtyard with Pool
- Subterranean Parking
Executive Summary
Trophy Investment! An opportunity to acquire a well-located multifamily asset in the highly desirable and supply-constrained Beverly Hills market. Offered at $9,900,000, the property benefits from strong in-place tenancy, consistently high rental demand, and long-term appreciation fundamentals driven by strict zoning, limited new development, and a premier residential address. Its proximity to the Golden Triangle, Cedars-Sinai, West Hollywood, and major employment and lifestyle centers supports stable occupancy and continued rent growth. The asset provides a compelling combination of durable cash flow, capital preservation, and future upside potential, making it well-suited for both private and institutional investors.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$6,951,164
|
$209.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,951,164
|
$209.30
|
| Taxes |
$86,250
|
$2.60
|
| Operating Expenses |
$152,134
|
$4.58
|
| Total Expenses |
$238,384
|
$7.18
|
| Net Operating Income |
$6,712,780
|
$202.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $6,951,164 |
| Annual Per SF | $209.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $6,951,164 |
| Annual Per SF | $209.30 |
| Taxes | |
|---|---|
| Annual | $86,250 |
| Annual Per SF | $2.60 |
| Operating Expenses | |
|---|---|
| Annual | $152,134 |
| Annual Per SF | $4.58 |
| Total Expenses | |
|---|---|
| Annual | $238,384 |
| Annual Per SF | $7.18 |
| Net Operating Income | |
|---|---|
| Annual | $6,712,780 |
| Annual Per SF | $202.12 |
Property Facts
| Price | $9,900,000 | Property Subtype | Apartment |
| Price Per Unit | $450,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.40% | Lot Size | 0.26 AC |
| Gross Rent Multiplier | 14.25 | Building Size | 33,212 SF |
| No. Units | 22 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | BHR4YY | ||
| Price | $9,900,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 14.25 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 33,212 SF |
| No. Stories | 4 |
| Year Built | 1960 |
| Zoning | BHR4YY |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Refrigerator
- Tub/Shower
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- Pool
- Gated
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $2,071 | 650 |
| 1+1 | 13 | $2,642 | 800 |
| 2+2 | 6 | $3,194 | 1,100 |
| 2+1 | 1 | $4,145 | 1,200 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 4331-024-027 | Total Assessment | $1,894,516 |
| Land Assessment | $556,790 | Annual Taxes | $86,250 ($2.60/SF) |
| Improvements Assessment | $1,337,726 | Tax Year | 2025 |
Property Taxes
Parcel Number
4331-024-027
Land Assessment
$556,790
Improvements Assessment
$1,337,726
Total Assessment
$1,894,516
Annual Taxes
$86,250 ($2.60/SF)
Tax Year
2025
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240 S Doheny Dr
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