11-Unit Apartment Building with
For Sale
$4,579,000
Pending
252 S Reeves Drive, Beverly Hills, CA 90212
Ten residences have been remodeled or upgraded, and the property includes shared laundry and gated garage parking.
Property Size11,240 SF
Days on Market12
Property Features for 252 S Reeves Drive
General Information
Standard status
Pending
Size
11,240 SF
Elevators
Yes
Property subtype
ResidentialIncome
Zoning
BHR4YY
Site & Location
Neighborhood
Preuss
Additional Details
Multifamily Units
11
Tenant in Place
Yes
Amenities
gated garage parking
on premises laundry
Carpet,Laminate
1
true
14
3
CommonArea
false
6072
0.1394
Carport
11240
11
Building Details
Building Size
11,240 SF
Year Built
1963
Buildings
1
Stories
3
Construction
Mid-Century
Listing Agency:
Landmark Realtors, Inc.
Listed By:
Robert Louis
Source:
Gnnrealtors
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 6 at 7:49AM
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 Landmark Realtors, Inc.
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Investment Insights
Based on property information with market context.
Located at 252 S Reeves Drive in Beverly Hills, this 11-unit apartment property was built in 1963 and contains 11,240 square feet. Ten of the units have been remodeled or upgraded. Building features include gated garage parking, on-site laundry, and an elevator with recently modernized mechanics; permits are available. A soft-story retrofit has been completed, and the property received exterior painting and a new roof in September 2024.
The property is one block from Beverly Drive and just south of Wilshire Boulevard. Zoning is BHR4YY.
The property is one block from Beverly Drive and just south of Wilshire Boulevard. Zoning is BHR4YY.
Key Highlights
- 11 units in an 11,240‑square‑foot apartment building
- Built in 1963
- 10 of 11 units remodeled or upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,861
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,617,220
$3.6M
Cap Rate 7%
$2,583,729
$2.6M
Cap Rate 9%
$2,009,567
$2.0M
Market Conditions
NOI Build-Up for 11,240 SF
Gross rent
$357.4K $31.80/SF
− Vacancy
−$28.6K −$2.54/SF
EGI
$328.8K $29.26/SF
− OpEx
−$148.0K −$13.17/SF
NOI
$180.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,617,220
Cap Rate 7%
$2,583,729
Cap Rate 9%
$2,009,567
Alternative Uses
Best Use
Apartment 5plus
$2.58M
$2.26M – $3.01M
NOI $180,861 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.02M
$5.27M – $7.02M
NOI $421,250 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
14,660
Businesses Nearby
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Business Placement
Demographics for 90212, CA
11,451
Population
6,107
Households
1.9
Avg Household Size
43
Median Age
74%
College-Educated
98%
High-School Grad
0.9 sq mi
ZIP Area
12,723
Density / Sq Mi
$116,238
Median Household Income
$70,031
Median Earnings
$2,764
Median Rent
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Beverly Hills, CA
Properties on Market for Apartment buildings in Beverly Hills
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten residences have been remodeled or upgraded, and the property includes shared laundry and gated garage parking.
Where is this apartment building located?
The property is located at 252 S Reeves Drive Beverly Hills, CA.
What is the asking price?
The asking price for this property is $4,579,000.
What are key features of this property?
This property features: 11 units in an 11,240‑square‑foot apartment building; Built in 1963; 10 of 11 units remodeled or upgraded
