Six-Unit Apartment
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 Market52
Property Features for 329 S Rexford Dr
General Information
Standard status
Active
Size
8,921 SF
Total Parking Spaces
10
Property subtype
Investment
Site & Location
Neighborhood
Preuss
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:
Gelber Realty Corp.
Listed By:
Steven Gelber
(310) 824-4999
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 1 at 7:13AM
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 Gelber Realty Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$143,546
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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
