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218 S Tower Dr 32 Unit Apartment Building $13,766,743 CAD ($430,211 CAD/Unit) 5% Cap Rate Beverly Hills, CA 90211
Investment Highlights
- First time on the market in 26 years
- 9.8 x Gross and 7% Cap with rents at market
- 12.3 x Gross and 5% Cap at closing
Executive Summary
First time on the market in 26 years. Well maintained property with significant (25%) upside in rents. Priced at 12.3 x gross and 5% cap at closing; 9.8 x gross and 7% cap with rents at market. $309,375/unit and $367/bldg. S.F.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,111,368
|
$41.20
|
| Other Income |
$5,974
|
$0.22
|
| Vacancy Loss |
$33,341
|
$1.24
|
| Effective Gross Income |
$1,084,002
|
$40.19
|
| Taxes |
$169,424
|
$6.28
|
| Operating Expenses |
$230,881
|
$8.56
|
| Total Expenses |
$400,305
|
$14.84
|
| Net Operating Income |
$683,697
|
$25.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,111,368 |
| Annual Per SF | $41.20 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,974 |
| Annual Per SF | $0.22 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $33,341 |
| Annual Per SF | $1.24 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,084,002 |
| Annual Per SF | $40.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $169,424 |
| Annual Per SF | $6.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $230,881 |
| Annual Per SF | $8.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $400,305 |
| Annual Per SF | $14.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $683,697 |
| Annual Per SF | $25.35 |
Property Facts
| Price | $13,766,743 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $430,211 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5% | Building Size | 26,972 SF |
| Gross Rent Multiplier | 12.3 | Average Occupancy | 97% |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Zoning | R4, Beverly Hills | ||
| Price | $13,766,743 CAD |
| Price Per Unit | $430,211 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 26,972 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 1929 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | R4, Beverly Hills |
Amenities
Unit Amenities
- Intercom
Site Amenities
- Laundry Facilities
- Spa
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $2,356 CAD | 600 |
| 1+1 | 24 | $2,972 CAD | 800 |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4333-030-002 | Total Assessment | $6,127,640 CAD |
| Land Assessment | $3,205,950 CAD | Annual Taxes | $169,424 CAD ($6.28 CAD/SF) |
| Improvements Assessment | $2,921,689 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4333-030-002
Land Assessment
$3,205,950 CAD
Improvements Assessment
$2,921,689 CAD
Total Assessment
$6,127,640 CAD
Annual Taxes
$169,424 CAD ($6.28 CAD/SF)
Tax Year
2025
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218 S Tower Dr
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