Mid-Century
For Sale
$2,599,999
215 S Tower Dr, Beverly Hills, CA 90211
Two-story residential income property with four two-bedroom residences and private outdoor spaces.
Property Size4,696 SF
Price / SF$553.66
Days on Market107
Property Features for 215 S Tower Dr
General Information
Standard status
Active
Size
4,696 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
4,696 SF
Year Built
1952
Buildings
1
Stories
2
Construction
mid-century
Tenancy
Multi
Listing Agency:
Nourmand & Associates-HW
Listed By:
Jennifer Eckert · License #01512045
(323) 543-3697
Source:
Carolinakramer
Added: Jul 9
Changed: Oct 16
Last Checked: Oct 21 at 5:50AM
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 Nourmand & Associates-HW
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Investment Insights
Based on property information with market context.
Built in 1952, this two-story quadplex contains four 2-bedroom, 2-bath residences within 4,696 square feet. Each unit includes a private patio or balcony, while the interiors feature hardwood flooring, vintage tile kitchens and baths, and mid-century architectural details. The property has been maintained by the same family for decades, preserving its original character across the building.
One residence is vacant and available for showing, while the other three units are occupied. The property is located at 215 S Tower Dr Unit: D in Beverly Hills, California 90211, placing the asset within a residential setting near the shopping, dining, and lifestyle amenities of Beverly Hills and the surrounding Westside.
One residence is vacant and available for showing, while the other three units are occupied. The property is located at 215 S Tower Dr Unit: D in Beverly Hills, California 90211, placing the asset within a residential setting near the shopping, dining, and lifestyle amenities of Beverly Hills and the surrounding Westside.
Key Highlights
- Four 2‑bedroom, 2‑bath residences in a two‑story building
- 4,696‑square‑foot quadplex built in 1952
- Private patio or balcony for every residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,009
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,180
$1.6M
Cap Rate 7%
$1,171,557
$1.2M
Cap Rate 9%
$911,211
$911.2K
Market Conditions
NOI Build-Up for 4,696 SF
Gross rent
$126.8K $27.00/SF
− Vacancy
−$9.6K −$2.05/SF
EGI
$117.2K $24.95/SF
− OpEx
−$35.1K −$7.48/SF
NOI
$82.0K $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%
$1,640,180
Cap Rate 7%
$1,171,557
Cap Rate 9%
$911,211
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,009 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$1.08M
$944.5K – $1.26M
NOI $75,562 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,995 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story residential income property with four two-bedroom residences and private outdoor spaces.
Where is this quadplex located?
The property is located at 215 S Tower Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $2,599,999.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath residences in a two‑story building; 4,696‑square‑foot quadplex built in 1952; Private patio or balcony for every residence
