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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    241 Beverly Dr Beverly Hills, CA 90212-3807

    • Investment properties
    • 7,502 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $1,435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9856743
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Joseph Goodman | Beverly Hills Dentist / Dental Office
    • Top Beverly Hills Dentist / Dental Office
    • Top Dentist In LA / Dental Office
    • Kim Lisa DDS / Dental Office
    • Caroline Malakuti, DDS DMD / Dental Office

    Property Details for 241 Beverly Dr

    Year built
    1947
    Lot size
    0.13 lot acres
    Property size
    7,502 SF
    Zone code
    BHC3*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4328-034-007
    APU
    4328034007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,320,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.399
    Latitude
    34.0635
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $41,802
    $2,525,245
    $901,861
    $3,427,106
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,855,000
      11,956 SF

      224 Beverly Dr

      STORE/OFFICE (MIXED USE) • 11,956 SF
      224 Beverly Dr, Beverly Hills, CA 90212-3805
      View Details
    • Value Estimation by Request
      2,800 SF

      9885 Santa Monica Blvd

      STORE/OFFICE (MIXED USE) • 2,800 SF
      9885 Santa Monica Blvd, Beverly Hills, CA 90212-1604
      View Details
    • Value Estimation
      $1,195,000
      5,040 SF

      9679 Wilshire Blvd

      STORE/OFFICE (MIXED USE) • 5,040 SF
      9679 Wilshire Blvd, Beverly Hills, CA 90212-2327
      View Details
    • Value Estimation
      $2,310,000
      13,700 SF

      9242 Wilshire Blvd

      STORE/OFFICE (MIXED USE) • 13,700 SF
      9242 Wilshire Blvd, Beverly Hills, CA 90212
      View Details
    • Value Estimation
      $9,280,000
      40,666 SF

      9680 Wilshire Blvd

      STORE/OFFICE (MIXED USE) • 40,666 SF
      9680 Wilshire Blvd, Beverly Hills, CA 90212-2326
      View Details
    • Value Estimation
      $2,525,000
      19,673 SF

      122 Beverly Dr

      STORE/OFFICE (MIXED USE) • 19,673 SF
      122 Beverly Dr, Beverly Hills, CA 90212-3003
      View Details

    Similar Nearby for Sale

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      Development Opportunity Near Golden Triangle

      Approved plans for 37 luxury units near Beverly Hills.
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      Beverly Hills Fourplex with Vacancy

      Rare Beverly Hills fourplex with vacant unit and owner-user opportunity.
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      Beverly Hills Retail Buildings

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      Beverly Hills Mid-Century Apartment Building

      Six-unit apartment building in the heart of Beverly Hills.
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      Beverly Hills Multifamily Trophy Asset

      Rare multifamily asset near Beverly Hills' Golden Triangle.
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    Similar Nearby for Lease

    • Contact for pricing
      700 SF

      Retail Space on Wilshire Boulevard

      Retail space available for lease on Wilshire Boulevard.
      9730 Wilshire Blvd, Beverly Hills, CA 90212
      View Details
    • Contact for pricing
      2,400 SF

      Beverly Hills Retail Space For Lease

      Prime Beverly Hills location, 2400 sq ft.
      315 Beverly Dr, Beverly Hills, CA 90212
      View Details
    • $4 SF/Yr

      Prominent Beverly Drive Office Building

      Five-story office building with upgraded lobby and valet parking.
      280 S Beverly Dr, Beverly Hills, CA 90212
      View Details
    • Contact for pricing
      2,650 SF

      Beverly Hills Executive Suites

      Prestigious Office Space, 5 Suites Available
      9701 Wilshire Blvd, Beverly Hills, CA 90212
      View Details
    • $28 SF/Yr
      27,497 SF

      Beverly Hills Creative Office Space

      Prime Beverly Hills location, flexible suites available
      9441 Olympic Blvd, Beverly Hills, CA 90212
      View Details
    • $57 SF/Yr
      21,740 SF

      Beverly Hills Executive Suites

      Prestigious Office Space Available Now
      350 Beverly Dr, Beverly Hills, CA 90212
      View Details
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    241 Beverly Dr
    Beverly Hills, CA 90212-3807
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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