329 S Rexford Drive

Beverly Hills, CA 90212

About this property

This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market. The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset. Ideally situated in one of Beverly Hills' most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property's relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles' most sought-after amenities and employment hubs. With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.

About this property

This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market. The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset. Ideally situated in one of Beverly Hills' most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property's relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles' most sought-after amenities and employment hubs. With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.

Features and Additional Information

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$4,800,000 Active
8,921 sqft

Presented By Benjamin Leaskou

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Get in touch today! Phone: 1-760-799-4290
License #01754516
Brokerage
Lyon Stahl Investment Real Est
1-310-425-9838
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Area Information

C01 Beverly Hills | Los Angeles County |

$ 4,800,000
This listing is play_arrow 52376.2% higher than the average in the area
$ 9,147 in the area
8,921 SqFt
This listing is play_arrow 386.7% larger than the average in the area
1,833 SqFt in the area
$ 538 $/SqFt
This listing is play_arrow 10505.1% more than the average in the area
$ 5 $/SqFt in the area
48 days on site
This listing is play_arrow 1500.0% above the average in the area
3 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Woody Stahl
Brokerage: Lyon Stahl Investment Real Est

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