$2,195,000

240 Tower Drive, Beverly Hills 90211

6

Beds

5

Baths

4,343

Square feet

6,734

Lot Size

4

# Of Units

Listing Agent
Jimmy Martinez - Compass

1929 Character Spanish 4-unit pride of ownership building in the city of Beverly Hills. Upstairs: 1 bed 1 bath unit that was extensively remodeled in the last 7 years ($2,700 monthly rent) and a charming 2 bed 1 bath ($2,370 monthly rent). Downstairs: cozy 1 bed 1 bath unit that has some recent updates to the kitchen ($2,550 monthly rent) and a 2 bed 2 bath+ Office unit with private patio ($2,390 monthly rent). 3 of the 4 units have their own private laundry. All units have central AC. Roof for Building and Garage replaced in 2022. Property was fumigated in 2023. Estimated annual expenses are $11,500 for water, gardener, insurance, pest, and common electrical. Owner has maintained and upgraded property over the years by installing dual paned windows in some units, painting, installing newer appliances and remodeling in some of the units. Garage has 2 tandem spaces fitting 4 cars as well as storage. Located close to Rodeo Drive, Century City, La Cienega Park & Tennis Courts, Cedars Sinai, Restaurant Row, Miracle Mile, West Hollywood, Pico-Robertson, LACMA, and the upcoming "Purple" Metro Subway Line. Incredible opportunity to own income property in the city of Beverly Hills with its award-winning schools, fire, police, and city services. The building is currently 100% tenant occupied. Access to property with accepted offer only.

Facts & Features

MLS® # 24373499
Price $2,195,000
Bedrooms 6
Bathrooms 5.00
Square Footage 4,343
Lot Size 6,734
Year Built 1929
Type Residential Income
Style Spanish
Status Active Under Contract
# Of Units 4

Community Information

Address 240 Tower Drive
Area C01 - Beverly Hills
City Beverly Hills
County Los Angeles
Zip Code 90211

Amenities

Parking Spaces 4
Parking Garage, Tandem
# of Garages 4
Garages Garage, Tandem
Is Waterfront No
Has Pool No

Interior

Interior Wood
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Heating Central
Cooling Central Air
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories One

Additional Information

Date Listed March 27th, 2024
Days on Market 31
Zoning BHR475
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJimmy Martinez
OfficeCompass

Listing Map

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