Beverly Hills Multifamily
For Sale
Contact for pricing
333 Rexford Dr, Beverly Hills, CA 90212
8-unit multifamily property in prime Beverly Hills location.
Property Size6,370 SF
Lot Size0.14 Acres
Price / SF$533.75
Days on Market175
Property Features for 333 Rexford Dr
General Information
Standard status
Active
Size
6,370 SF
Lot size
0.14 Acres
Property subtype
Multifamily
Zoning
BHR4*
Building Details
Year Built
1955
Listing Agency:
Matthews
(866) 889-0550
Listed By:
Nabil Awada · License #02046840
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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 Matthews
Investment Insights
Based on property information with market context.
Located in the heart of Beverly Hills, 333 S Rexford Drive presents an 8-unit multifamily opportunity. Situated on a tree-lined street south of Wilshire Boulevard, this asset offers a serene setting. The 6,370 square foot building sits on a 6,070 square foot lot and is zoned R4. The property features (2) 2-bedroom, 1-bath units and (6) 1-bedroom, 1-bath units. Units are separately metered for gas and electricity. The property offers 10 parking spaces. Recent capital expenditures include completed seismic retrofit work. With one unit delivered vacant and others tastefully upgraded, this asset provides an immediate value-add opportunity with additional rental upside in a globally recognized submarket. The property has a Walk Score of 90, indicating it is a Walker's Paradise.
Key Highlights
- Prime Beverly Hills location, south of Wilshire Boulevard, on a tree‑lined street.
- Significant rental upside (40%) with one vacant unit and tastefully upgraded units.
- Exceptional parking with 10 spaces, a rare luxury in the area.
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
$102,498
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%
$2,049,960
$2.0M
Cap Rate 7%
$1,464,257
$1.5M
Cap Rate 9%
$1,138,867
$1.1M
Market Conditions
NOI Build-Up for 6,370 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
$202.6K $31.80/SF
− Vacancy
−$16.2K −$2.54/SF
EGI
$186.4K $29.26/SF
− OpEx
−$83.9K −$13.17/SF
NOI
$102.5K $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%
$2,049,960
Cap Rate 7%
$1,464,257
Cap Rate 9%
$1,138,867
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,498 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,733 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14,123
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?
Apartment building - 8-unit multifamily property in prime Beverly Hills location.
Where is this apartment building located?
The property is located at 333 Rexford Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Prime Beverly Hills location, south of Wilshire Boulevard, on a tree‑lined street.; Significant rental upside (40%) with one vacant unit and tastefully upgraded units.; Exceptional parking with 10 spaces, a rare luxury in the area.
