4-Unit Multifamily
For Sale
$3,000,000
264 Rexford Dr, Beverly Hills, CA 90212
Residential income asset situated in Beverly Hills, California.
Property Size4,856 SF
Days on Market109
Property Features for 264 Rexford Dr
General Information
Standard status
Active
Size
4,856 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Amenities
Spacious Unit Mix Appeal: Four 2-bedroom, 1-bathroom units cater to families and roommates, supporting strong tenant demand and longer-term occupancy.
On-Site Parking Availability: Features a dedicated surface parking lot, providing added convenience for tenants and a competitive advantage in a high-density area.
Prime Beverly Hills Location: Situated in a highly desirable neighborhood, offering strong tenant demand and long-term appreciation potential.
Proximity to Key Amenities: Located near premier dining, retail, and employment hubs, supporting strong occupancy and rental growth.
Building Details
Building Size
4,856 SF
Units
4
Listing Agency:
Los Angeles Office
(310) 909-5454
Listed By:
Tony Azzi · License #License(s): CA: 00910513
(310) 909-5454
Source:
Marcusmillichap
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 1:14PM
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 Los Angeles Office
Investment Insights
Based on property information with market context.
This four-unit multifamily property is positioned in Beverly Hills, California, within ZIP Code 90212. The asset is classified as a quadplex and falls within the residential income property category, providing a four-unit configuration for multifamily ownership.
Key Highlights
- Four‑unit quadplex configuration
- Located in Beverly Hills, California
- 90212 ZIP Code
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
$84,803
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
2.83%
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%
$1,696,060
$1.7M
Cap Rate 7%
$1,211,471
$1.2M
Cap Rate 9%
$942,256
$942.3K
Market Conditions
NOI Build-Up for 4,856 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
$131.1K $27.00/SF
− Vacancy
−$10.0K −$2.05/SF
EGI
$121.1K $24.95/SF
− OpEx
−$36.3K −$7.48/SF
NOI
$84.8K $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%
$1,696,060
Cap Rate 7%
$1,211,471
Cap Rate 9%
$942,256
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,803 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$1.12M
$976.7K – $1.30M
NOI $78,137 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,992 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
15,235
Businesses Nearby
Explore this area
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
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 - Residential income asset situated in Beverly Hills, California.
Where is this quadplex located?
The property is located at 264 Rexford Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; Located in Beverly Hills, California; 90212 ZIP Code
