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369 S Elm Dr 2 Unit Apartment Building $3,150,000 ($1,575,000/Unit) Beverly Hills, CA 90212
Investment Highlights
- Located on the corner of Olympic Blvd and Elm Dr in Beverly Hills.
- Steps from South Beverly Drive shops, dining destinations, and world-renowned Rodeo Drive.
- Convenient access to major corridors including Wilshire Blvd and Santa Monica Blvd, with LAX less than 11 miles away.
- Two large 3-bedroom, 2-bath units currently producing rental income.
- Zoning (BHY4) offers the opportunity to add an accessory dwelling unit (buyer to verify).
Executive Summary
Located on the corner of Olympic Blvd and Elm Dr., this exceptional duplex features two expansive 3-bedroom, 2-bath units, each exceeding 2,400 square feet and currently generating $4,600 per month per unit. The generous floor plans and strong in-place income create a compelling opportunity for both investors and potential owner-users.
The property offers significant upside potential through strategic updates, rental repositioning, or the possibility of adding an ADU (buyer to verify). Its prime Beverly Hills location, just moments from South Beverly Drive’s renowned restaurants and boutiques as well as Rodeo Drive, supports long-term desirability and consistent rental demand. This is a rare opportunity to acquire a substantial duplex in one of the most sought-after neighborhoods.
Do not disturb tenants. Showings by appointment only. Broker/Agent does not guarantee the accuracy of bedroom/bathroom count, square footage, lot size, or other information regarding the condition or features of the property. Buyer and Buyer’s Agent to independently verify all information.
The property offers significant upside potential through strategic updates, rental repositioning, or the possibility of adding an ADU (buyer to verify). Its prime Beverly Hills location, just moments from South Beverly Drive’s renowned restaurants and boutiques as well as Rodeo Drive, supports long-term desirability and consistent rental demand. This is a rare opportunity to acquire a substantial duplex in one of the most sought-after neighborhoods.
Do not disturb tenants. Showings by appointment only. Broker/Agent does not guarantee the accuracy of bedroom/bathroom count, square footage, lot size, or other information regarding the condition or features of the property. Buyer and Buyer’s Agent to independently verify all information.
Property Facts
| Price | $3,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,575,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,831 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | ||
| Zoning | BHY4 - Multiple Residential Zone | ||
| Price | $3,150,000 |
| Price Per Unit | $1,575,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.14 AC |
| Building Size | 4,831 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | BHY4 - Multiple Residential Zone |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4331-010-015 | Improvements Assessment | $1,015,557 |
| Land Assessment | $1,388,132 | Total Assessment | $2,403,689 |
Property Taxes
Parcel Number
4331-010-015
Land Assessment
$1,388,132
Improvements Assessment
$1,015,557
Total Assessment
$2,403,689
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369 S Elm Dr
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