240 Tower Drive

Beverly Hills, CA 90211

$2,195,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $505 / sqft

1929

calendar_month Built

Property Description

1929 Character Spanish 4-unit pride of ownership building in the city of Beverly Hills. Upstairs: 1 bed 1 bath unit that was extensively remodeled in the last 7 years ($2,700 monthly rent) and a charming 2 bed 1 bath ($2,370 monthly rent). Downstairs: cozy 1 bed 1 bath unit that has some recent updates to the kitchen ($2,550 monthly rent) and a 2 bed 2 bath+ Office unit with private patio ($2,390 monthly rent). 3 of the 4 units have their own private laundry. All units have central AC. Roof for Building and Garage replaced in 2022. Property was fumigated in 2023. Estimated annual expenses are $11,500 for water, gardener, insurance, pest, and common electrical. Owner has maintained and upgraded property over the years by installing dual paned windows in some units, painting, installing newer appliances and remodeling in some of the units. Garage has 2 tandem spaces fitting 4 cars as well as storage. Located close to Rodeo Drive, Century City, La Cienega Park & Tennis Courts, Cedars Sinai, Restaurant Row, Miracle Mile, West Hollywood, Pico-Robertson, LACMA, and the upcoming "Purple" Metro Subway Line. Incredible opportunity to own income property in the city of Beverly Hills with its award-winning schools, fire, police, and city services. The building is currently 100% tenant occupied. Access to property with accepted offer only.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Wood
Fireplace Information
Features None
Interior Information
Cooling Type Central Air

Listing Information

Address 240 Tower Drive
City Beverly Hills
State CA
Zip 90211
County Los Angeles
Listing Agent Jimmy Martinez DRE#01252139
Co-Listing Agent Shaun Seeram DRE#00966519
Courtesy Of Compass
MLS 24373499
List Price $2,195,000
Status Active Under Contract
Type Residential Income
Structure Size N/A
Lot Size 6,734
Year Built 1929
DOM 26

Exterior Information

Maps

Listing information courtesy of: Jimmy Martinez, Shaun Seeram, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 19th, 2024 at 5:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.