Six-Unit Apartment
New
For Sale
$4,800,000
329 S Rexford Dr, Beverly Hills, CA 90212
Mixed two- and three-bedroom layouts include townhome-style units and on-site parking in a low-density Beverly Hills setting.
Property Size8,921 SF
Days on Market6
Property Features for 329 S Rexford Dr
General Information
Standard status
Active
Size
8,921 SF
Total Parking Spaces
10
Property subtype
Investment
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA, 2 x 3BR/2.5BA townhome-style
Multifamily Units
6
Building Details
Building Size
8,921 SF
Year Built
1960
Units
6
Listing Agency:
Lyon Stahl Investment Real Est
Listed By:
Woody Stahl · License #01399621
(310) 425-9838
Source:
Elliman
Added: Sep 11
Last Checked: Sep 15 at 7:47AM
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 Lyon Stahl Investment Real Est
Investment Insights
Based on property information with market context.
This six-unit apartment property at 329 S Rexford Dr includes two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The property provides 10 total parking spaces and was built in 1960. It has been under the same ownership for 38 years and is now being offered for sale.
The property is positioned in a low-density residential area of Beverly Hills, with access to retail, dining, entertainment, and employment centers in Beverly Hills, Century City, Westwood, and surrounding submarkets. Walk Score is 93, Bike Score is 60, and Transit Score is 58.
The source information identifies approximately 39% remaining rental upside through interior renovations and repositioning of below-market units.
The property is positioned in a low-density residential area of Beverly Hills, with access to retail, dining, entertainment, and employment centers in Beverly Hills, Century City, Westwood, and surrounding submarkets. Walk Score is 93, Bike Score is 60, and Transit Score is 58.
The source information identifies approximately 39% remaining rental upside through interior renovations and repositioning of below-market units.
Key Highlights
- Six apartment units with two 2‑bedroom and four 3‑bedroom layouts
- Two 3‑bedroom/2.5‑bath units feature townhome‑style layouts
- 10 total parking spaces
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
$143,546
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
2.99%
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%
$2,870,920
$2.9M
Cap Rate 7%
$2,050,657
$2.1M
Cap Rate 9%
$1,594,956
$1.6M
Market Conditions
NOI Build-Up for 8,921 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
$283.7K $31.80/SF
− Vacancy
−$22.7K −$2.54/SF
EGI
$261.0K $29.26/SF
− OpEx
−$117.4K −$13.17/SF
NOI
$143.5K $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%
$2,870,920
Cap Rate 7%
$2,050,657
Cap Rate 9%
$1,594,956
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,546 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.78M
$4.18M – $5.57M
NOI $334,339 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
12,136
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed two- and three-bedroom layouts include townhome-style units and on-site parking in a low-density Beverly Hills setting.
Where is this apartment building located?
The property is located at 329 S Rexford Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Six apartment units with two 2‑bedroom and four 3‑bedroom layouts; Two 3‑bedroom/2.5‑bath units feature townhome‑style layouts; 10 total parking spaces
