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121 S Elm Dr 16 Unit Apartment Building $9,562,515 CAD ($597,657 CAD/Unit) 4.31% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- Prime Beverly Hills Location, steps away to Beverly Hills Golden Triangle.
- Property currently is renting all 16 units at $2,500/month but can be delivered vacant.
- All units are completed renovated with updated plumbing and electrical throughout.
Executive Summary
Jake Plewa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an incredibly rare multifamily asset at 121 S Elm Drive steps from the Golden Triangle of Beverly Hills. Originally built in 1928, the building boasts 16 single units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.
The building while currently occupied can be delivered 100% vacant, allowing Buyer to rent to the tenants of their choosing. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
A quick walk to Rodeo Drive and the shops of the Golden Triangle this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in the world.
The building while currently occupied can be delivered 100% vacant, allowing Buyer to rent to the tenants of their choosing. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
A quick walk to Rodeo Drive and the shops of the Golden Triangle this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in the world.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$656,184
|
$74.57
|
| Other Income |
$4,265
|
$0.48
|
| Vacancy Loss |
$19,686
|
$2.24
|
| Effective Gross Income |
$640,764
|
$72.81
|
| Taxes |
$119,531
|
$13.58
|
| Operating Expenses |
$109,364
|
$12.43
|
| Total Expenses |
$228,895
|
$26.01
|
| Net Operating Income |
$411,869
|
$46.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $656,184 |
| Annual Per SF | $74.57 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,265 |
| Annual Per SF | $0.48 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $19,686 |
| Annual Per SF | $2.24 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $640,764 |
| Annual Per SF | $72.81 |
| Taxes (CAD) | |
|---|---|
| Annual | $119,531 |
| Annual Per SF | $13.58 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $109,364 |
| Annual Per SF | $12.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $228,895 |
| Annual Per SF | $26.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $411,869 |
| Annual Per SF | $46.80 |
Property Facts
| Price | $9,562,515 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $597,657 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.31% | Building Size | 8,800 SF |
| Gross Rent Multiplier | 14.5 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2020 |
| Property Subtype | Apartment | ||
| Zoning | BHR4YY | ||
| Price | $9,562,515 CAD |
| Price Per Unit | $597,657 CAD |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| Gross Rent Multiplier | 14.5 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2020 |
| Zoning | BHR4YY |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Wi-Fi
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 4331-008-003 | Total Assessment | $9,647,291 CAD |
| Land Assessment | $6,224,061 CAD | Annual Taxes | $119,531 CAD ($13.58 CAD/SF) |
| Improvements Assessment | $3,423,230 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4331-008-003
Land Assessment
$6,224,061 CAD
Improvements Assessment
$3,423,230 CAD
Total Assessment
$9,647,291 CAD
Annual Taxes
$119,531 CAD ($13.58 CAD/SF)
Tax Year
2025
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121 S Elm Dr
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