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Executive Summary
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 215 N Swall Drive, a charming 5,226 square foot, 5-unit apartment building situated on 0.13 acres of land (5,744 SF), ideally located just east of the Golden Triangle in the affluent Los Angeles submarket of Beverly Hills, CA.
215 N Swall Drive’s five (5) units are currently 100% occupied by tenants paying below market rents, creating a value-add opportunity as tenants turnover. Combined, the property brings in a rent of $112,982.28 annually or $9,415.19 monthly, an average of $1,883.04/unit and $1.80/SF. The property is made up completely of spacious one bedroom, one-bathroom units averaging 1,045 SF per unit spread across two floors. Of the five units, four are laid out with a bedroom, bathroom, laundry, dining area, and living room with access from both the front and back of the property. The living or dining areas could be converted or used as an additional bathroom. The remaining unit, also a spacious 1,000 SF unit comes with a large second floor balcony. All the units are separately metered for gas and power, with water master metered and have access to secured parking in the rear via an alley. The property is equipped with five parking spaces or 1 parking space per unit.
215 N Swall Drive’s five (5) units are currently 100% occupied by tenants paying below market rents, creating a value-add opportunity as tenants turnover. Combined, the property brings in a rent of $112,982.28 annually or $9,415.19 monthly, an average of $1,883.04/unit and $1.80/SF. The property is made up completely of spacious one bedroom, one-bathroom units averaging 1,045 SF per unit spread across two floors. Of the five units, four are laid out with a bedroom, bathroom, laundry, dining area, and living room with access from both the front and back of the property. The living or dining areas could be converted or used as an additional bathroom. The remaining unit, also a spacious 1,000 SF unit comes with a large second floor balcony. All the units are separately metered for gas and power, with water master metered and have access to secured parking in the rear via an alley. The property is equipped with five parking spaces or 1 parking space per unit.
Property Facts
| Price | $3,632,594 CAD | Apartment Style | Garden |
| Price Per Unit | $726,519 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 23.46 | Building Size | 5,226 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1937 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Zoning | BHR4YY - High Density Multiple-Family Residential District | ||
| Price | $3,632,594 CAD |
| Price Per Unit | $726,519 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 23.46 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,226 SF |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | BHR4YY - High Density Multiple-Family Residential District |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Freezer
- Garden
Site Amenities
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4335-021-008 | Improvements Assessment | $1,011,011 CAD |
| Land Assessment | $2,327,508 CAD | Total Assessment | $3,338,519 CAD |
Property Taxes
Parcel Number
4335-021-008
Land Assessment
$2,327,508 CAD
Improvements Assessment
$1,011,011 CAD
Total Assessment
$3,338,519 CAD
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215 N Swall Dr
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