240 S Tower Drive, Beverly Hills, CA 90211
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Sold Price :
$2,135,000
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Beds :
6
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Baths :
5
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Property Size :
4,343 sqft
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Year Built :
1929
Property Description
1929 Character Spanish 4-unit pride of ownership building in the city of Beverly Hills. Upstairs: 1 bed 1 bath unit that was extensively remodeled in the last 7 years ($2,700 monthly rent) and a charming 2 bed 1 bath ($2,370 monthly rent). Downstairs: cozy 1 bed 1 bath unit that has some recent updates to the kitchen ($2,550 monthly rent) and a 2 bed 2 bath+ Office unit with private patio ($2,390 monthly rent). 3 of the 4 units have their own private laundry. All units have central AC. Roof for Building and Garage replaced in 2022. Property was fumigated in 2023. Estimated annual expenses are $11,500 for water, gardener, insurance, pest, and common electrical. Owner has maintained and upgraded property over the years by installing dual paned windows in some units, painting, installing newer appliances and remodeling in some of the units. Garage has 2 tandem spaces fitting 4 cars as well as storage. Located close to Rodeo Drive, Century City, La Cienega Park & Tennis Courts, Cedars Sinai, Restaurant Row, Miracle Mile, West Hollywood, Pico-Robertson, LACMA, and the upcoming "Purple" Metro Subway Line. Incredible opportunity to own income property in the city of Beverly Hills with its award-winning schools, fire, police, and city services. The building is currently 100% tenant occupied. Access to property with accepted offer only.
Interior Features
| Laundry Information |
| Location(s) |
Inside, See Remarks |
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
5 |
| Flooring Information |
| Material |
Wood |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
240 S Tower Drive |
| City |
Beverly Hills |
| State |
CA |
| Zip |
90211 |
| County |
Los Angeles |
| Listing Agent |
Jimmy Martinez DRE #01252139 |
| Co-Listing Agent |
Shaun Seeram DRE #00966519 |
| Courtesy Of |
Compass |
| Close Price |
$2,135,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
4,343 |
| Lot Size |
6,734 |
| Year Built |
1929 |
Listing information courtesy of: Jimmy Martinez, Shaun Seeram, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of May 24th, 2024 at 5:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
