Mid-Century
For Sale
$2,648,000
215 S Tower Dr, Beverly Hills, CA 90211
Residential Income, Beverly Hills, CA
Property Size4,696 SF
Lot Size0.15 Acres
Price / SF$563.88
Days on Market51
Property Features for 215 S Tower Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BHR475
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 8, Bedroom 4, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 6, Bedroom 2, Bedroom 8, Bathroom 7
Parking
4
Parking features
Garage
Directions
Heading west on Wilshire from San Vicente, turn left on Tower.
Subdivision
Beverly Hills
Standard status
Active
APN
4333-030-027
Size
4,696 SF
Lot size
0.15 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Amenities
private patio or balcony
Building Details
Year built
1952
Floors in Building
2
Number of units
4
Listing Agency:
Nourmand & Associates-HW
(323) 462-6262
Listed By:
Jennifer Eckert · License #01512045
(323) 543-3697
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 28 at 7:06PM
MLS# 26833867
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.
Built in 1952, this two-story quadplex contains four two-bedroom, two-bath residences within 4,696 square feet. Each unit includes a private patio or balcony, while interiors feature hardwood flooring, vintage tile in the kitchens and bathrooms, and mid-century design elements. Wall/window unit cooling and garage parking are also provided. One residence is vacant, while the other three are occupied and described as operating below market value.
The property occupies 0.1493 acres at 215 S Tower Dr in Beverly Hills, Los Angeles County, within the 90211 postal area. Its BHR475 zoning designation and four-unit configuration are suited to a residential income property format, with the vacant residence offering flexibility for an owner-user or rental use as supported by the current layout.
The property occupies 0.1493 acres at 215 S Tower Dr in Beverly Hills, Los Angeles County, within the 90211 postal area. Its BHR475 zoning designation and four-unit configuration are suited to a residential income property format, with the vacant residence offering flexibility for an owner-user or rental use as supported by the current layout.
Key Highlights
- Four‑unit quadplex totaling 4,696 square feet
- Four 2‑bedroom, 2‑bath residences in a two‑story building
- Built in 1952 with original hardwood floors and vintage tile finishes
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
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,104
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 multifamily property with private outdoor space, garage parking, and a blend of original architectural details.
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‑unit quadplex totaling 4,696 square feet; Four 2‑bedroom, 2‑bath residences in a two‑story building; Built in 1952 with original hardwood floors and vintage tile finishes
