6-Unit Apartment
For Sale
$2,999,000
272 S Doheny Dr, Beverly Hills, CA 90211
Corner-lot property with covered parking, resident storage, and in-unit laundry hookups.
Property Size5,615 SF
Price / SF$534.11
Days on Market145
Property Features for 272 S Doheny Dr
General Information
Standard status
Active
Size
5,615 SF
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
6
Amenities
high ceilings
hardwood/tile flooring
in-unit laundry hookups
covered assigned parking
private storage units
Building Details
Building Size
5,615 SF
Year Built
1952
Buildings
1
Listing Agency:
Compass
(310) 230-5478
Listed By:
Alessandra Ferracuti · License #02053258
Source:
Carolinakramer
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 2 at 10:52AM
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 Compass
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 12 bedrooms and 7 bathrooms, with high ceilings and hardwood or tile flooring throughout the units. Each residence includes laundry hookups, while the sale includes dishwashers, gas stoves, and refrigerators. Covered assigned parking and private storage units are provided for every tenant.
Completed seismic retrofit work addresses the building’s soft-story condition. Built in 1952, the property occupies a corner position between Gregory Way and Olympic Blvd in Beverly Hills. Its location provides access to nearby Horace Mann Elementary, I-10, and the 405.
Completed seismic retrofit work addresses the building’s soft-story condition. Built in 1952, the property occupies a corner position between Gregory Way and Olympic Blvd in Beverly Hills. Its location provides access to nearby Horace Mann Elementary, I-10, and the 405.
Key Highlights
- 6 units with 12 bedrooms and 7 bathrooms
- Soft‑story seismic retrofit recently completed
- Covered assigned parking and private storage for every tenant
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
$90,350
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
3.01%
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%
$1,807,000
$1.8M
Cap Rate 7%
$1,290,714
$1.3M
Cap Rate 9%
$1,003,889
$1.0M
Market Conditions
NOI Build-Up for 5,615 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
$178.6K $31.80/SF
− Vacancy
−$14.3K −$2.54/SF
EGI
$164.3K $29.26/SF
− OpEx
−$73.9K −$13.17/SF
NOI
$90.3K $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 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%
$1,807,000
Cap Rate 7%
$1,290,714
Cap Rate 9%
$1,003,889
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,350 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,437 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10,122
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 - Corner-lot property with covered parking, resident storage, and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 272 S Doheny Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 6 units with 12 bedrooms and 7 bathrooms; Soft‑story seismic retrofit recently completed; Covered assigned parking and private storage for every tenant
