Corner Lot Apartment
For Sale
Under Contract
$2,999,000
272 S Doheny Dr, Beverly Hills, CA 90211
MULTI_FAMILY - Beverly Hills, CA
Property Size5,615 SF
Lot Size0.13 Acres
Price / SF$534.11
Days on Market139
Property Features for 272 S Doheny Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BHR4YY
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 1, Bathroom 5, Bedroom 12, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 9, Bedroom 8, Bathroom 7, Bathroom 4, Bedroom 11, Bedroom 6, Bedroom 10, Bathroom 6, Bathroom 2, Bedroom 7, Bedroom 5, Bathroom 1, Bathroom 3
Parking
6
Parking features
Side By Side, Carport, Covered, Assigned
Directions
Turn right at the 1st cross street onto W Olympic Blvd 0.8 mi ;Turn left before Starbucks Coffee Company 0.2 mi and Turn right onto Gregory Wy.
Subdivision
Beverly Hills
Standard status
Active Under Contract
APN
4331-024-020
Size
5,615 SF
Lot size
0.13 Acres
Utilities
Heating system
Central, Natural Gas
Cooling system
Wall Unit(s), Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Amenities
high ceilings
hardwood/tile flooring
in-unit laundry hookups
appliances included
covered assigned parking
private storage units
Building Details
Year built
1952
Floors in Building
2
Number of units
6
Flooring type
Wood
Architectural style
Contemporary
Listing Agency:
Compass
(310) 230-5478
Listed By:
Alessandra Ferracuti · License #02053258
(310) 488-7586
Added: Apr 8
Changed: Aug 17
Last Checked: Aug 24 at 1:06AM
MLS# 26676293
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 six-unit apartment building includes 12 bedrooms and 7 bathrooms. Units feature hardwood/tile flooring and in-unit laundry hookup(s) with high ceilings. Appliances—including dishwashers, gas stoves, and refrigerators—are included in the sale. Heating is natural gas with central heating, and cooling includes wall/window units, ceiling fans, and central air. Parking is covered and assigned, with side-by-side parking and carport spaces, plus private storage units for residents.
The property is situated on a corner lot between Gregory Way and Olympic Blvd, supporting visibility and consistent demand. A soft-story seismic retrofit is complete, addressing seismic concerns without upcoming mandatory costs. Zoning is BHR4YY.
Built in 1952 and set on a 0.1289-acre lot, this Contemporary-style asset has 5615 square feet. Most units are on month-to-month leases, and the building is described as maintained with a history of virtually zero vacancy.
The property is situated on a corner lot between Gregory Way and Olympic Blvd, supporting visibility and consistent demand. A soft-story seismic retrofit is complete, addressing seismic concerns without upcoming mandatory costs. Zoning is BHR4YY.
Built in 1952 and set on a 0.1289-acre lot, this Contemporary-style asset has 5615 square feet. Most units are on month-to-month leases, and the building is described as maintained with a history of virtually zero vacancy.
Key Highlights
- Six‑unit apartment building with 12 bedrooms and 7 bathrooms
- Soft‑story seismic retrofit complete
- Corner lot between Gregory Way and Olympic Blvd
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
$90,350
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
3.01%
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%
$1,807,000
$1.8M
Cap Rate 7%
$1,290,714
$1.3M
Cap Rate 9%
$1,003,889
$1.0M
Market Conditions
NOI Build-Up for 5,615 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
$178.6K $31.80/SF
− Vacancy
−$14.3K −$2.54/SF
EGI
$164.3K $29.26/SF
− OpEx
−$73.9K −$13.17/SF
NOI
$90.3K $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%
$1,807,000
Cap Rate 7%
$1,290,714
Cap Rate 9%
$1,003,889
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,350 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,437 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10,122
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 - Six-unit apartment building with 12 bedrooms, 7 bathrooms, in-unit laundry hookups, and covered assigned parking.
Where is this apartment building located?
The property is located at 272 S Doheny Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Six‑unit apartment building with 12 bedrooms and 7 bathrooms; Soft‑story seismic retrofit complete; Corner lot between Gregory Way and Olympic Blvd
