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Fully Leased 10 Unit BH Condo Bldg from 2015 313 S Reeves Dr 10 Unit Apartment Building $14,250,000 ($1,425,000/Unit) 4% Cap Rate Beverly Hills, CA 90212

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Investment Highlights

  • Central Beverly Hills near Golden Triangle
  • 10 Units - Condo Mapped - Six Units: 2 + 2.5 • Three Units: 2 + 2.5 + Den • One Unit: 1 + 1.5
  • Generational Asset • Pride of Ownership
  • Gross Floor Area of 22,313 SF - Rentable Space of 17,154 SF
  • High Occupancy • High End of Market • No Affordable Units • 28 Side-by-Side Parking Spaces
  • Ground Floor Units feature Spacious Private Patios & All Other Units with Balconies

Executive Summary

We are proud to present for sale for the first time ever a trophy 10 Unit Condo Building known as The Legacy Beverly Hills, in a World-Famous zip code!
Presented by the Original Builders, this 2015 Construction has been lovingly maintained since the issuance of the Certificate of Occupancy, clearly showing Pride of Ownership.
Built as Condominiums, with no expense spared, the property has been rented from inception, and is sold with a recorded Condo Map.
Featuring units that average over 1,700 square feet (up to 2,341 SF), the sophisticated design is flooded with natural light in these open concept living areas with wood floors and clean lines.
The fourth floor consists of two Penthouses, each with two bedrooms, a den/office, two full baths plus a powder room, and dual balconies. The ground floor units each include large private patios. All homes have in-unit washer/dryer closets. The building features 28 side-by-side parking spaces, which includes 3 guest spaces.
The central Beverly Hills location, within walking distance to the Golden Triangle, is steps to Beverly Drive with countless dining options consisting of the quick to the fine, and the trendy to the establishment. Residents (and possible future owners) of this property will have no reason to leave the area other than by choice! Walk Score designates this area a Walker’s Paradise! Walk to Pavilions, Urth Caffe, Matu, the original CPK, Honor Bar, Chaumont Bakery…go a bit further and visit Roxbury Park, or even the coming Metro Station!
The exceptional design with high-end finishes in one of the world’s premier locations has attracted high net-worth tenants and has led to a very high occupancy while keeping rents at the high end of the market. Come and make this Generational Asset yours!

Attachments

Reeves313_OM

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $966,120 $56.32
Other Income $10,800 $0.63
Vacancy Loss $29,308 $1.71
Effective Gross Income $947,612 $55.24
Taxes $178,125 $10.38
Operating Expenses $199,743 $11.64
Total Expenses $377,868 $22.03
Net Operating Income $569,744 $33.21

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $966,120
Annual Per SF $56.32
Other Income
Annual $10,800
Annual Per SF $0.63
Vacancy Loss
Annual $29,308
Annual Per SF $1.71
Effective Gross Income
Annual $947,612
Annual Per SF $55.24
Taxes
Annual $178,125
Annual Per SF $10.38
Operating Expenses
Annual $199,743
Annual Per SF $11.64
Total Expenses
Annual $377,868
Annual Per SF $22.03
Net Operating Income
Annual $569,744
Annual Per SF $33.21

Property Facts

Price $14,250,000
Price Per Unit $1,425,000
Sale Type Investment
Cap Rate 4%
Gross Rent Multiplier 14.59
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.27 AC
Building Size 22,313 SF
Average Occupancy 100%
No. Stories 4
Year Built 2016
Parking Ratio 1.21/1,000 SF
Zoning BHR4YY - restricted Density Multiple Dwelling

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1.5 1 $5,600 -
2+2.5 6 $7,168 -
2+2.5 3 $10,633 -
Walk Score®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
4331-004-047
Land Assessment
$249,776
Improvements Assessment
$923,753
Total Assessment
$1,173,529
Annual Taxes
$178,125 ($7.98/SF)
Tax Year
2025
  • Listing ID: 39375581

  • Date on Market: 2/9/2026

  • Last Updated:

  • Address: 313 S Reeves Dr, Beverly Hills, CA 90212

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