4-Unit Townhouse-Style
New
For Sale
$2,695,000
215 S Gale Dr, Beverly Hills, CA 90211
Two renovated apartments are vacant, with plans ready for two additional ADUs.
Property Size4,656 SF
Lot Size0.15 Acres
Price / SF$578.82
Days on Market6
Property Features for 215 S Gale Dr
General Information
Standard status
Active
Size
4,656 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA, 2 x 2BR/2BA
Multifamily Units
4
Amenities
in-unit washer and dryer
Building Details
Building Size
4,656 SF
Year Built
1935
Stories
2
Construction
townhouse
Listing Agency:
Keller Williams Beverly Hills
Listed By:
Dezireh Haghayeghi · License #02083315
(310) 626-2096
Source:
Benbelack
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 27 at 1:13AM
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 Keller Williams Beverly Hills
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Investment Insights
Based on property information with market context.
The 1935 property contains four side-by-side, two-story townhouse-style units on a 6,503-square-foot lot. Two units have two bedrooms and one bathroom each; the other two have two bedrooms and two bathrooms. The two renovated units are vacant. Improvements include hardwood floors, equipped kitchens, in-unit washers and dryers, HVAC systems, updated plumbing and electrical, and an accessible basement for storage.
Ready-to-issue plans propose two ADUs totaling approximately 2,200 square feet through garage conversion and expansion: one two-bedroom unit and one three-bedroom unit. The property is in Beverly Hills’ La Cienega Park neighborhood, south of Wilshire Boulevard, with access to La Cienega Boulevard and nearby South Beverly Drive, Rodeo Drive, and the Golden Triangle.
Ready-to-issue plans propose two ADUs totaling approximately 2,200 square feet through garage conversion and expansion: one two-bedroom unit and one three-bedroom unit. The property is in Beverly Hills’ La Cienega Park neighborhood, south of Wilshire Boulevard, with access to La Cienega Boulevard and nearby South Beverly Drive, Rodeo Drive, and the Golden Triangle.
Key Highlights
- Four existing units on a 6,503‑square‑foot lot
- Two renovated units are vacant
- Two units have 2 bedrooms and 1 bathroom; two have 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,311
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,220
$1.6M
Cap Rate 7%
$1,161,586
$1.2M
Cap Rate 9%
$903,456
$903.5K
Market Conditions
NOI Build-Up for 4,656 SF
Gross rent
$125.7K $27.00/SF
− Vacancy
−$9.6K −$2.05/SF
EGI
$116.2K $24.95/SF
− OpEx
−$34.8K −$7.48/SF
NOI
$81.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,220
Cap Rate 7%
$1,161,586
Cap Rate 9%
$903,456
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,311 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$1.07M
$936.5K – $1.25M
NOI $74,919 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,496 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
9,027
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two renovated apartments are vacant, with plans ready for two additional ADUs.
Where is this quadplex located?
The property is located at 215 S Gale Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Four existing units on a 6,503‑square‑foot lot; Two renovated units are vacant; Two units have 2 bedrooms and 1 bathroom; two have 2 bedrooms and 2 bathrooms
