Mid-Century
For Sale
$2,648,000
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$563.88
Days on Market52
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
(323) 762-2600
Listed By:
Jennifer Eckert · License #01512045
Source:
Carolinakramer
Added: Jul 9
Changed: Aug 16
Last Checked: Aug 26 at 2:54PM
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
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 = 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
$82,009
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
3.10%
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%
$1,640,180
$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
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
$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 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%
$1,640,180
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 3.10%
Second Best
Apartment 5plus
$1.08M
$944.5K – $1.26M
NOI $75,562 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,995 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,027
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?
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 $2,648,000.
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
