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Fully Leased 10 Unit BH Condo Bldg from 2015 313 S Reeves Dr 10 Unit Apartment Building $19,460,228 CAD ($1,946,023 CAD/Unit) 4% Cap Rate Beverly Hills, CA 90212



Investment Highlights
- Central Beverly Hills near Golden Triangle
- 10 Units - Condo Mapped - Six Units: 2 + 2.5 • Three Units: 2 + 2.5 + Den • One Unit: 1 + 1.5
- Generational Asset • Pride of Ownership
- Gross Floor Area of 22,313 SF - Rentable Space of 17,154 SF
- High Occupancy • High End of Market • No Affordable Units • 28 Side-by-Side Parking Spaces
- Ground Floor Units feature Spacious Private Patios & All Other Units with Balconies
Executive Summary
We are proud to present for sale for the first time ever a trophy 10 Unit Condo Building known as The Legacy Beverly Hills, in a World-Famous zip code!
Presented by the Original Builders, this 2015 Construction has been lovingly maintained since the issuance of the Certificate of Occupancy, clearly showing Pride of Ownership.
Built as Condominiums, with no expense spared, the property has been rented from inception, and is sold with a recorded Condo Map.
Featuring units that average over 1,700 square feet (up to 2,341 SF), the sophisticated design is flooded with natural light in these open concept living areas with wood floors and clean lines.
The fourth floor consists of two Penthouses, each with two bedrooms, a den/office, two full baths plus a powder room, and dual balconies. The ground floor units each include large private patios. All homes have in-unit washer/dryer closets. The building features 28 side-by-side parking spaces, which includes 3 guest spaces.
The central Beverly Hills location, within walking distance to the Golden Triangle, is steps to Beverly Drive with countless dining options consisting of the quick to the fine, and the trendy to the establishment. Residents (and possible future owners) of this property will have no reason to leave the area other than by choice! Walk Score designates this area a Walker’s Paradise! Walk to Pavilions, Urth Caffe, Matu, the original CPK, Honor Bar, Chaumont Bakery…go a bit further and visit Roxbury Park, or even the coming Metro Station!
The exceptional design with high-end finishes in one of the world’s premier locations has attracted high net-worth tenants and has led to a very high occupancy while keeping rents at the high end of the market. Come and make this Generational Asset yours!
Presented by the Original Builders, this 2015 Construction has been lovingly maintained since the issuance of the Certificate of Occupancy, clearly showing Pride of Ownership.
Built as Condominiums, with no expense spared, the property has been rented from inception, and is sold with a recorded Condo Map.
Featuring units that average over 1,700 square feet (up to 2,341 SF), the sophisticated design is flooded with natural light in these open concept living areas with wood floors and clean lines.
The fourth floor consists of two Penthouses, each with two bedrooms, a den/office, two full baths plus a powder room, and dual balconies. The ground floor units each include large private patios. All homes have in-unit washer/dryer closets. The building features 28 side-by-side parking spaces, which includes 3 guest spaces.
The central Beverly Hills location, within walking distance to the Golden Triangle, is steps to Beverly Drive with countless dining options consisting of the quick to the fine, and the trendy to the establishment. Residents (and possible future owners) of this property will have no reason to leave the area other than by choice! Walk Score designates this area a Walker’s Paradise! Walk to Pavilions, Urth Caffe, Matu, the original CPK, Honor Bar, Chaumont Bakery…go a bit further and visit Roxbury Park, or even the coming Metro Station!
The exceptional design with high-end finishes in one of the world’s premier locations has attracted high net-worth tenants and has led to a very high occupancy while keeping rents at the high end of the market. Come and make this Generational Asset yours!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,319,362
|
$76.91
|
| Other Income |
$14,749
|
$0.86
|
| Vacancy Loss |
$40,024
|
$2.33
|
| Effective Gross Income |
$1,294,087
|
$75.44
|
| Taxes |
$243,253
|
$14.18
|
| Operating Expenses |
$272,775
|
$15.90
|
| Total Expenses |
$516,028
|
$30.08
|
| Net Operating Income |
$778,060
|
$45.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,319,362 |
| Annual Per SF | $76.91 |
| Other Income (CAD) | |
|---|---|
| Annual | $14,749 |
| Annual Per SF | $0.86 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $40,024 |
| Annual Per SF | $2.33 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,294,087 |
| Annual Per SF | $75.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $243,253 |
| Annual Per SF | $14.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $272,775 |
| Annual Per SF | $15.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $516,028 |
| Annual Per SF | $30.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $778,060 |
| Annual Per SF | $45.36 |
Property Facts
| Price | $19,460,228 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,946,023 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4% | Building Size | 22,313 SF |
| Gross Rent Multiplier | 14.59 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 1.21/1,000 SF |
| Zoning | BHR4YY - restricted Density Multiple Dwelling | ||
| Price | $19,460,228 CAD |
| Price Per Unit | $1,946,023 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 14.59 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 22,313 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2016 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | BHR4YY - restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 1 | $7,648 CAD | - |
| 2+2.5 | 6 | $9,789 CAD | - |
| 2+2.5 | 3 | $14,521 CAD | - |
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Walk Score®
Walker's Paradise (94)
Property Taxes
| Parcel Number | 4331-004-047 | Total Assessment | $1,602,606 CAD |
| Land Assessment | $341,102 CAD | Annual Taxes | $243,253 CAD ($10.90 CAD/SF) |
| Improvements Assessment | $1,261,505 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4331-004-047
Land Assessment
$341,102 CAD
Improvements Assessment
$1,261,505 CAD
Total Assessment
$1,602,606 CAD
Annual Taxes
$243,253 CAD ($10.90 CAD/SF)
Tax Year
2025
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Fully Leased 10 Unit BH Condo Bldg from 2015 | 313 S Reeves Dr
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