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Beverly Hills Multifamily Investment Opportunity
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121 S Elm Dr, Beverly Hills, CA 90212

Rare multifamily asset near Beverly Hills' Golden Triangle.

Property Size8,800 SF
Price / SF$794.89
Days on Market170

Property Features for 121 S Elm Dr

General Information

Standard status Active
Size 8,800 SF
Property subtype Multifamily
Zoning R-4

Building Details

Year Built 1928
Listing Agency: Remax Commercial and Investment
Listed By: Jake Plewa · License #CA 02041641
Source: Crexi
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 3:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment

Investment Insights

Based on property information with market context.

Located steps from the Golden Triangle of Beverly Hills, this multifamily asset was originally constructed in 1928. The building features 16 single units, each offering a spacious floor plan and natural light. The 8,800-square-foot property can be delivered 100% vacant, allowing for new tenant selection. This property is located within walking distance of Rodeo Drive and the shops of the Golden Triangle.

Key Highlights

  • Delivered 100% vacant, allowing buyer to select tenants.
  • Prime location steps from the Golden Triangle of Beverly Hills and Rodeo Drive.
  • Rare multifamily asset in a highly desirable rental market.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Restaurant Pet Grooming Service Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15,239
Businesses Nearby

Demographics for 90212, CA

11,451
Population
6,107
Households
1.9
Avg Household Size
43
Median Age
74%
College-Educated
98%
High-School Grad
0.9 sq mi
ZIP Area
12,723
Density / Sq Mi
$116,238
Median Household Income
$70,031
Median Earnings
$2,764
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Rare multifamily asset near Beverly Hills' Golden Triangle.
Where is this apartment building located?
The property is located at 121 S Elm Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Delivered 100% vacant, allowing buyer to select tenants.; Prime location steps from the Golden Triangle of Beverly Hills and Rodeo Drive.; Rare multifamily asset in a highly desirable rental market.
More about this property
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