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    Well-Maintained Multifamily with Rent Upside Title is generated by Realmo AI

    218 S Tower Dr, Beverly Hills, CA 90211

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    Claim this Listing
    For Sale
    $9,900,000

    MULTI_FAMILY - Beverly Hills, CA

    Property size:
    26,972 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $367/SF
    Added:
    Mar 30, 2026
    Days on Market:
    66
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 218 S Tower Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    BHR475
    Bedrooms
    24
    Bathrooms
    32
    Rooms
    Bathroom 14, Bathroom 27, Bathroom 24, Bathroom 25, Bathroom 32, Bedroom 21, Bedroom 23, Bathroom 31, Bathroom 23, Bedroom 11, Bathroom 20, Bedroom 17, Bedroom 19, Bathroom 12, Bathroom 13, Bathroom 6, Bedroom 7, Bathroom 28, Bathroom 21, Bathroom 7, Bedroom 8, Bathroom 1, Bedroom 12, Bedroom 20, Bedroom 4, Bathroom 16, Bathroom 17, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 13, Bedroom 9, Bedroom 14, Bathroom 18, Bathroom 30, Bedroom 2, Bathroom 22, Bedroom 15, Bedroom 6, Bathroom 19, Bathroom 2, Bathroom 26, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 8, Bedroom 18, Bedroom 16, Bathroom 9, Bedroom 24, Bathroom 15, Bathroom 11, Bathroom 10, Bathroom 29, Bedroom 22
    Parking
    12
    Parking features
    Assigned
    Standard status
    Active
    APN
    4333-030-002
    Size
    26,972 SF
    Lot size
    0.29 Acres

    Building Details

    Year built
    1929
    Floors in Building
    4
    Number of units
    32

    We can help!

    Listing Contact
    Hamid Soroudi

    Listing agent Hamid Soroudi License #00708618

    Listing office Keller Williams Beverly Hills 439 N Canon Dr. Suite 300, Beverly HIlls, CA

    Listing date Mar 30, 2026

    MLS# 26672315 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Year built: 1929
    • Assigned parking
    • First time on the market in 26 years
    • Well‑maintained property with reported 25% upside in rents
    • Pricing referenced as 12.3x gross and 5% cap at closing
    • Also referenced: 9.8x gross and 7% cap when rents are at market

    Overview

    This well-maintained multifamily property is first time on the market in 26 years. The offering highlights substantial potential upside in rental income, with management pointing to meaningful improvements relative to current rents. Zoning is listed as BHR475.

    Located at 218 S Tower Dr in Beverly Hills, California (Los Angeles County), the property sits on a 0.2855-acre lot and totals 26,972 square feet. The seller’s materials frame the investment with two underwriting scenarios tied to gross income and cap rate assumptions based on current versus market rents. This creates clear purchase-context for buyers focused on long-term income growth.

    For investors and operators seeking a stable, maintained income asset with room to move rents, this property offers a straightforward narrative: preserve what’s working today while capturing upside as leases roll. The configuration and total square footage support a multi-unit income approach typical of multifamily strategies, and the documented rent-increase thesis should help underwriting remain focused and comparable to market performance.
    Property Profile Location Intelligence

    Current Use by Public Records

    4th Estate Agency Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.372477
    Latitude
    34.063564

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    FAQs

    What type of property is this?
    Apartment building - First time in 26 years, presenting meaningful opportunity to increase rental income on a well-kept Beverly Hills multifamily.
    Where is this apartment building located?
    The property is located at 218 S Tower Dr Beverly Hills, CA.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: Year built: 1929; Assigned parking; First time on the market in 26 years
    (310) 432-6400
    We can help!
    Listing Contact
    Hamid Soroudi
    Real Estate License ID: 00708618
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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