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337 S Rexford Dr 8 Unit Apartment Building $5,100,000 ($637,500/Unit) 4.39% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- 90 Walk Score: High-demand “Walk-to-Dining” location south of Wilshire Blvd.
- Abundant Parking: 10 total spaces (1.25 per unit), a significant competitive advantage in Beverly Hills.
- Immediate Capital Preservation: No Measure ULA ‘Mansion Tax’ applies in the city Beverly Hills
- (5) units delivered vacant for immediate market-rate leasing or renovation and 12% rental upside on current in-place rents.
- Recent CapEx/Renovations: Seismic retrofitting work in-progress, roof replaced in 2024, and newly painted building and upgrades in select units.
Executive Summary
Matthews™ is pleased to present 337 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 7,093 square foot building sits on a 6,070 square foot lot and is zoned R4. Units are separately metered for gas and electricity.
337 S Rexford Drive features (1) 2bed+1.5bath townhouse, (6) 2bed+1bath, and (1) 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 new roof in 2024 and seismic retrofit work in-progress. With five units delivered vacant and others tastefully upgraded, this asset provides an opportunity to select your own tenants and an additional 12% rental upside on in-place rents in a globally recognized submarket.
337 S Rexford Drive features (1) 2bed+1.5bath townhouse, (6) 2bed+1bath, and (1) 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 new roof in 2024 and seismic retrofit work in-progress. With five units delivered vacant and others tastefully upgraded, this asset provides an opportunity to select your own tenants and an additional 12% rental upside on in-place rents in a globally recognized submarket.
Property Facts
| Price | $5,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $637,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.39% | Building Size | 7,093 SF |
| Gross Rent Multiplier | 15.19 | Average Occupancy | 38% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | R4, Beverly Hills - R4 | ||
| Price | $5,100,000 |
| Price Per Unit | $637,500 |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| Gross Rent Multiplier | 15.19 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,093 SF |
| Average Occupancy | 38% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R4, Beverly Hills - R4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 6 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4331-011-010 | Improvements Assessment | $555,456 |
| Land Assessment | $1,418,205 | Total Assessment | $1,973,661 |
Property Taxes
Parcel Number
4331-011-010
Land Assessment
$1,418,205
Improvements Assessment
$555,456
Total Assessment
$1,973,661
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337 S Rexford Dr
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