Multifamily Building with Assigned
For Sale
$9,900,000
218 S Tower Dr, Beverly Hills, CA 90211
Residential Income, Beverly Hills, CA
Property Size26,972 SF
Lot Size0.29 Acres
Price / SF$367.05
Days on Market156
Property Features for 218 S Tower Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BHR475
Bedrooms
24
Bathrooms
32
Full bathrooms
2
Rooms
Bathroom 12, Bedroom 17, Bathroom 2, Bathroom 14, Bathroom 26, Bedroom 14, Bathroom 27, Bathroom 30, Bathroom 4, Bathroom 3, Bathroom 17, Bedroom 5, Bedroom 8, Bedroom 20, Bathroom 10, Bathroom 20, Bedroom 18, Bedroom 2, Bathroom 6, Bathroom 15, Bathroom 16, Bedroom 15, Bathroom 18, Bathroom 31, Bathroom 13, Bathroom 21, Bedroom 3, Bedroom 24, Bedroom 22, Bathroom 22, Bathroom 19, Bathroom 9, Bathroom 24, Bedroom 9, Bedroom 11, Bathroom 28, Bedroom 7, Bedroom 16, Bathroom 8, Bathroom 7, Bathroom 5, Bedroom 10, Bedroom 19, Bedroom 1, Bathroom 25, Bedroom 13, Bathroom 32, Bathroom 1, Bedroom 6, Bedroom 21, Bathroom 29, Bedroom 12, Bedroom 23, Bedroom 4, Bathroom 23, Bathroom 11
Parking
12
Parking features
Assigned
Directions
S. of Wilshire Blvd, W. of San Vicente Blvd
Subdivision
Beverly Hills
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
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Hamid Soroudi · License #00708618
(310) 432-6400
Added: Mar 30
Changed: Aug 25
Last Checked: Sep 1 at 5:06PM
MLS# 26672315
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.
Investment Insights
Based on property information with market context.
This multifamily property contains 26,972 square feet on a 0.2855-acre parcel and was constructed in 1929. The room schedule identifies 17 bedrooms and 32 bathrooms, while assigned parking is provided for occupants. The property is classified under BHR475 zoning.
Located at 218 S Tower Dr in Beverly Hills, the asset is positioned within the 90211 postal area of Los Angeles County. It is being offered for sale and is presented as a residential income property. The recorded investment metrics include a 5% cap rate at closing and a 7% cap rate based on market rents, with corresponding gross rent multipliers of 12.3x and 9.8x.
Located at 218 S Tower Dr in Beverly Hills, the asset is positioned within the 90211 postal area of Los Angeles County. It is being offered for sale and is presented as a residential income property. The recorded investment metrics include a 5% cap rate at closing and a 7% cap rate based on market rents, with corresponding gross rent multipliers of 12.3x and 9.8x.
Key Highlights
- 26,972‑square‑foot multifamily property on a 0.2855‑acre parcel
- Built in 1929
- 17 bedrooms and 32 bathrooms identified in the room schedule
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$434,001
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,680,020
$8.7M
Cap Rate 7%
$6,200,014
$6.2M
Cap Rate 9%
$4,822,233
$4.8M
Market Conditions
NOI Build-Up for 26,972 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$857.7K $31.80/SF
− Vacancy
−$68.6K −$2.54/SF
EGI
$789.1K $29.26/SF
− OpEx
−$355.1K −$13.17/SF
NOI
$434.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,680,020
Cap Rate 7%
$6,200,014
Cap Rate 9%
$4,822,233
Alternative Uses
Best Use
Apartment 5plus
$6.20M
$5.43M – $7.23M
NOI $434,001 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.44M
$12.64M – $16.85M
NOI $1,010,849 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 90211, CA
8,260
Population
4,209
Households
2
Avg Household Size
41
Median Age
67%
College-Educated
95%
High-School Grad
0.7 sq mi
ZIP Area
11,800
Density / Sq Mi
$118,125
Median Household Income
$62,061
Median Earnings
$2,815
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The property offers a substantial multifamily footprint with assigned parking and a detailed residential room schedule.
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: 26,972‑square‑foot multifamily property on a 0.2855‑acre parcel; Built in 1929; 17 bedrooms and 32 bathrooms identified in the room schedule
