Well-Maintained Multifamily with Rent
218 S Tower Dr Beverly Hills, CA 90211
218 S Tower Dr, Beverly Hills, CA, 90211
$9,900,000
For Sale
$9,900,000
MULTI_FAMILY - Beverly Hills, CA
Property Size26,972 SF
Lot Size0.29 Acres
Price / SF$367.05
Days on Market111
Property Features for 218 S Tower Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BHR475
- Bedrooms
- 24
- Bathrooms
- 32
- Rooms
- Bathroom 14, Bathroom 27, Bathroom 24, Bathroom 25, Bathroom 32, Bedroom 21, Bedroom 23, Bathroom 31, Bathroom 23, Bedroom 11, Bathroom 20, Bedroom 17, Bedroom 19, Bathroom 12, Bathroom 13, Bathroom 6, Bedroom 7, Bathroom 28, Bathroom 21, Bathroom 7, Bedroom 8, Bathroom 1, Bedroom 12, Bedroom 20, Bedroom 4, Bathroom 16, Bathroom 17, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 13, Bedroom 9, Bedroom 14, Bathroom 18, Bathroom 30, Bedroom 2, Bathroom 22, Bedroom 15, Bedroom 6, Bathroom 19, Bathroom 2, Bathroom 26, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 8, Bedroom 18, Bedroom 16, Bathroom 9, Bedroom 24, Bathroom 15, Bathroom 11, Bathroom 10, Bathroom 29, Bedroom 22
- Parking
- 12
- Parking features
- Assigned
- Standard status
- Active
- APN
- 4333-030-002
- Size
- 26,972 SF
- Lot size
- 0.29 Acres
Building Details
- Year built
- 1929
- Floors in Building
- 4
- Number of units
- 32
Listing Agency
Keller Williams Beverly Hills
(310) 432-6400
439 N Canon Dr. Suite 300, Beverly HIlls, CA
Listed by
Hamid Soroudi · License #00708618
(310) 432-6400
Added: Mar 30 Checked: Jul 18 at 4:06 pm
MLS# 26672315
Listing URL
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.
This well-maintained multifamily property is first time on the market in 26 years. The offering highlights substantial potential upside in rental income, with management pointing to meaningful improvements relative to current rents. Zoning is listed as BHR475.
Located at 218 S Tower Dr in Beverly Hills, California (Los Angeles County), the property sits on a 0.2855-acre lot and totals 26,972 square feet. The seller’s materials frame the investment with two underwriting scenarios tied to gross income and cap rate assumptions based on current versus market rents. This creates clear purchase-context for buyers focused on long-term income growth.
For investors and operators seeking a stable, maintained income asset with room to move rents, this property offers a straightforward narrative: preserve what’s working today while capturing upside as leases roll. The configuration and total square footage support a multi-unit income approach typical of multifamily strategies, and the documented rent-increase thesis should help underwriting remain focused and comparable to market performance.
Located at 218 S Tower Dr in Beverly Hills, California (Los Angeles County), the property sits on a 0.2855-acre lot and totals 26,972 square feet. The seller’s materials frame the investment with two underwriting scenarios tied to gross income and cap rate assumptions based on current versus market rents. This creates clear purchase-context for buyers focused on long-term income growth.
For investors and operators seeking a stable, maintained income asset with room to move rents, this property offers a straightforward narrative: preserve what’s working today while capturing upside as leases roll. The configuration and total square footage support a multi-unit income approach typical of multifamily strategies, and the documented rent-increase thesis should help underwriting remain focused and comparable to market performance.
Key Highlights
- Year built: 1929
- Assigned parking
- First time on the market in 26 years
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - First time in 26 years, presenting meaningful opportunity to increase rental income on a well-kept Beverly Hills multifamily.
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: Year built: 1929; Assigned parking; First time on the market in 26 years
