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    The Largest CRE Database in the US with Over 1 Million Listings

    240 S Doheny Dr Beverly Hills, CA 90211

    Sponsored
    For Sale
    $9,900,000

    Commercial/Residential - Beverly Hills, CA

    Property size:
    22,735 SF
    Lot size:
    11,199.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 10 at 3:06 am

    Property Features for 240 S Doheny Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    APN
    4331024027
    Parking
    24
    Parking features
    Carport
    Exterior features
    Community Features Included: Curbs, Sidewalks, Landscaped
    Size
    22,735 SF
    Lot size
    11,199.00 Acres

    Building Details

    Year built
    1960
    Floors in Building
    4
    Number of units
    22
    Architectural style
    Other

    We can help!

    Listing Contact
    Kenneth Marker

    Rodeo Realty (310) 471-2600

    Listing agent Kenneth Marker (818) 986-7300 License #00977263

    Listing date Feb 9, 2026

    MLS# SR26028368 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment in Beverly Hills

    An exceptional opportunity exists to acquire a multifamily investment property in Beverly Hills, a prestigious and supply-constrained market. The property benefits from its proximity to the Golden Triangle, world-class dining and retail, major employment centers, and premier medical facilities, including Cedars-Sinai. The location is defined by consistently strong tenant demand, historically low vacancy, and significant barriers to entry. Beverly Hills’ stringent zoning regulations and limited availability of developable land have historically supported rent growth and long-term asset appreciation, making this location attractive to both domestic and international investors. The investment offers stable in-place income, with potential upside through continued rental growth and operational optimization. Its central location along Doheny Drive provides convenient access to Beverly Hills, West Hollywood, and the broader Westside, further enhancing its appeal to a professional tenant base seeking convenience, walkability, and a premier residential address. The property, situated on a lot of approximately 0.26 acres, is well-suited for investors seeking durable cash flow, capital preservation, and long-term value appreciation in a globally recognized market with exceptional fundamentals. The property size is 22735 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CIM Apt Property ... Property Management Company Duma inc. Hardware & Home Improvement DZO HVAC GROUP, ... HVAC Service Pink Clover Flowers (Bike/Boat/Book/etc) Store Dr. Teyhou Smyth Crisis Center

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare 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
    -118.3893947
    Latitude
    34.0635244

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in prime Beverly Hills location with upside potential.
    Where is this apartment building located?
    The property is located at 240 S Doheny 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: - Prime Beverly Hills location near the Golden Triangle, dining, retail, and major employment centers.; - Strong tenant demand and historically low vacancy rates in a supply-constrained market.; - Stable in-place income with potential for rental growth and operational improvements.
    (818) 986-7300
    Request Owner's contact information
    240 S Doheny Dr Beverly Hills, CA 90211
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    Beverly Hills, CA 90211
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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.

    More about this property
    240 S Doheny Dr Beverly Hills, CA 90211
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    We can help!
    Listing Contact
    Kenneth Marker
    Real Estate License ID: 00977263
    (818) 986-7300
    Learn more
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