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344 S Elm Dr 6 Unit Apartment Building $4,697,735 CAD ($782,956 CAD/Unit) 3.68% Cap Rate Beverly Hills, CA 90212
INVESTMENT HIGHLIGHTS
- Six (6) spacious apartment units — combination of one- and two-bedroom layouts
- Approx. 7,000 total square feet (buyer to verify)
- Community laundry room (leased equipment, app-based payment upgrade in progress)
- Two 2-bedroom "Owner's units" can delivered vacant at close of escrow (immediate rent-up opportunity)
- Carport parking for six vehicles (four covered, two open)
- New Copper plumbing, Earthquake retrofit completed, newer roof insulation, and HVAC updates
EXECUTIVE SUMMARY
Prime Beverly Hills investment opportunity just south of Wilshire Blvd! 344 S. Elm Drive is a beautifully maintained six-unit apartment building featuring a mix of spacious one- and two-bedroom floor plans, generous natural light, hardwood floors, and private front and rear entrances. The property has been thoughtfully upgraded with major capital improvements, including earthquake retrofit, new HVAC systems, updated water heaters, attic insulation, and exterior paint.
Perfectly positioned in one of the most desirable rental markets in Los Angeles, just moments from world-class shopping and dining on Rodeo Drive and Beverly Drive. An excellent opportunity for an investor or owner-user in an irreplaceable Beverly Hills location.
Perfectly positioned in one of the most desirable rental markets in Los Angeles, just moments from world-class shopping and dining on Rodeo Drive and Beverly Drive. An excellent opportunity for an investor or owner-user in an irreplaceable Beverly Hills location.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $4,697,735 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $782,956 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.68% | Building Size | 6,962 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Zoning | BHR4* | ||
| Price | $4,697,735 CAD |
| Price Per Unit | $782,956 CAD |
| Sale Type | Investment |
| Cap Rate | 3.68% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,962 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | BHR4* |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+0 | 6 | - | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 4331-011-024 | Improvements Assessment | $235,738 CAD |
| Land Assessment | $247,498 CAD | Total Assessment | $483,236 CAD |
PROPERTY TAXES
Parcel Number
4331-011-024
Land Assessment
$247,498 CAD
Improvements Assessment
$235,738 CAD
Total Assessment
$483,236 CAD
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344 S Elm Dr
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