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333 S Rexford Dr 8 Unit Apartment Building $3,400,000 ($425,000/Unit) 4.24% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- Value-add Beverly Hills 8-unit with 40% rental upside and (1) one vacant unit for immediate leasing.
- 10 parking spaces (1.25 per unit), a rare amenity in the Beverly Hills multifamily market.
- Prime location with a 90 Walk Score, just south of Wilshire Blvd and near the Golden Triangle.
- Seismic retrofit, upgraded electrical mains, other building upgrades completed for capital preservation.
Executive Summary
Matthews™ is pleased to present 333 S Rexford Drive, an 8-unit opportunity in the heart of Beverly Hills. This multifamily asset is located on a premier, tree-lined street south of Wilshire Boulevard. This mid-century building offers a serene setting for high-quality tenants seeking the quintessential Beverly Hills lifestyle. Boasting a 90 Walk Score ("Walker’s Paradise"), the 6,370 square foot building sits on a 6,070 square foot lot and is zoned R4. Units are separately metered for gas and electricity. 333 S Rexford Drive features (2) 2bed+1bath and (6) 1bed+1bath units. The property offers exceptional parking, a rare luxury for the area—with 10 total spaces (10 per building). Investor risk is mitigated by significant recent capex including recently completed seismic retrofit work and upgraded electrical mains. With one unit delivered vacant and others tastefully upgraded, this asset provides an immediate value-add opportunity with an additional 40% rental upside in a globally recognized submarket.
Please reach out to the Listing Agent for the most current Offering Memorandum.
Please reach out to the Listing Agent for the most current Offering Memorandum.
Property Facts
| Price | $3,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $425,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.24% | Building Size | 6,370 SF |
| Gross Rent Multiplier | 15.08 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | R4 - R4 | ||
| Price | $3,400,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 4.24% |
| Gross Rent Multiplier | 15.08 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,370 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R4 - R4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 - 750 |
| 2+1 | 2 | - | 900 - 950 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4331-011-009 | Improvements Assessment | $151,247 |
| Land Assessment | $175,518 | Total Assessment | $326,765 |
Property Taxes
Parcel Number
4331-011-009
Land Assessment
$175,518
Improvements Assessment
$151,247
Total Assessment
$326,765
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333 S Rexford Dr
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