Well-Maintained Apartment
For Sale
$9,900,000
218 S Tower Dr, Beverly Hills, CA 90211
Well-maintained Beverly Hills apartment building built in 1929 with reported 25% rent upside and 26 years since last sale.
Property Size26,972 SF
Price / SF$367.05
Days on Market124
Property Features for 218 S Tower Dr
General Information
Standard status
Active
Size
26,972 SF
Property subtype
MULTI_FAMILY
Financials
Cap Rate
5%
Gross Rent Multiplier
12.3
Building Details
Building Size
26,972 SF
Year Built
1929
Listing Agency:
Keller Williams Beverly Hills
(310) 432-6400
Listed By:
Hamid Soroudi · License #00708618
Source:
Joshflagg
Added: Mar 30
Changed: Jul 31
Last Checked: Jul 31 at 5:35AM
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
Investment Insights
Based on property information with market context.
This well-maintained apartment building at 218 S Tower Dr, Beverly Hills, CA 90211 was built in 1929 and is being offered for sale. The property is described as having been owned for 26 years, and the current remarks indicate a reported 25% upside in rents.
With a total building size of 26,972 SF, the building represents an income-focused residential opportunity for a buyer or operator seeking steady multifamily housing in Beverly Hills. The current offering materials also describe two rent scenarios, including the potential to adjust rents toward market levels.
For prospective tenants or investors evaluating this property, the key takeaway is the combination of established building infrastructure, long-held ownership history, and the opportunity highlighted in the remarks to move toward market rent levels.
With a total building size of 26,972 SF, the building represents an income-focused residential opportunity for a buyer or operator seeking steady multifamily housing in Beverly Hills. The current offering materials also describe two rent scenarios, including the potential to adjust rents toward market levels.
For prospective tenants or investors evaluating this property, the key takeaway is the combination of established building infrastructure, long-held ownership history, and the opportunity highlighted in the remarks to move toward market rent levels.
Key Highlights
- Well‑maintained apartment building at 218 S Tower Dr, Beverly Hills, CA 90211
- Built in 1929
- 26 years since the property last came to market
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $857.7k | $31.80 |
| − Vacancy | −$68.6k | −$2.54 |
| EGI | $789.1k | $29.26 |
| − OpEx | −$355.1k | −$13.17 |
| NOI | $434.0k | $16.09 |
26,972 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.20M
$5.43M – $7.23M
NOI $434,001 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.44M
$12.64M – $16.85M
NOI $1,010,849 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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?
Apartment building - Well-maintained Beverly Hills apartment building built in 1929 with reported 25% rent upside and 26 years since last sale.
Where is this apartment building located?
The property is located at 218 S Tower Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: Well‑maintained apartment building at 218 S Tower Dr, Beverly Hills, CA 90211; Built in 1929; 26 years since the property last came to market
