NOT LISTED FOR SALE

144 S Elm Dr Beverly Hills, CA 90212

8 Beds
8 Baths
6,468 Sq Ft
6,068 Sq Ft Lot

Last Sold December 02, 2022

Last sale price $3,500,000 $541 Per Sq Ft

261 Days on Market

About This Home

As of December 2022

**Please Download Offering memorandum** Concord is pleased to present 144 South Elm Drive, a rare, generational multifamily, Pride of Ownership investment opportunity in the heart of Beverly Hills. Located less than 600 feet from the iconic Golden Triangle, and within short walking distance to the most luxurious retailers, bars and restaurants that Beverly Hills has to offer. Rents are well below market rate, providing tremendous upside to a prospective investor, with some rents being more than 70% below prevailing market rates. Spacious and roomy units, with each One (1) Bedroom unit being over 750 Square Feet. Five (5) Parking spots in the rear, which is rare in the immediate area and can provide additional income. 6,468 Square Foot Building, situated on a 6,070 Square Foot Lot.

Last Agent to Sell the Property

Yoav Sarraf

Concord Real Estate Service License #01856362 Listed on: 03/08/2022

Last Buyer's Agent

Yoav Sarraf

Concord Real Estate Service License #01856362 Listed on: 03/08/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,070

Home Design

  • 6,468 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer

Parking

  • 5 Parking Spaces
  • Carport

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Additional Features

  • Freezer
  • 6,070 Sq Ft Lot

Community Details

  • 8 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for electricity, gas, water, gardener
  • Assessor Parcel Number 4331-013-035

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

6,070 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 6468
  • Lot Acreage: 0.1393
  • Price Per Unit: 512500.00
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Laundry: Garage
  • Total Bathrooms: 8.00
  • Equipment: Dryer, Freezer
  • Price Per S Q F T: 556.59

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport, Covered Parking
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 4331-013-035
  • Lot Size Area: 6070

Rental Info

  • Owner Pays: Electricity, Gas, Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 17.30
  • Number Of Units: 8
  • Rent Control: 100
  • Type Of Units: 1 Bed
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2022 12/02/22 Sold $3,500,000 -2.8% $541 / Sq Ft
11/24/2022 11/24/22 Pending -- -- --
11/17/2022 11/17/22 Price Changed $3,599,999 0.0% $557 / Sq Ft
11/17/2022 11/17/22 For Sale $3,599,999 +2.9% $557 / Sq Ft
08/11/2022 08/11/22 Off Market $3,500,000 -- --
06/15/2022 06/15/22 Price Changed $3,799,999 -2.6% $588 / Sq Ft
05/26/2022 05/26/22 Price Changed $3,899,999 -2.5% $603 / Sq Ft
05/20/2022 05/20/22 Price Changed $3,999,991 0.0% $618 / Sq Ft
03/10/2022 03/10/22 Price Changed $3,999,999 -2.4% $618 / Sq Ft
03/08/2022 03/08/22 For Sale $4,099,000 -- $634 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,830 $3,641,400 $2,913,120 $728,280
2024 $43,830 $3,570,000 $2,856,000 $714,000
2023 $43,052 $3,500,000 $2,800,000 $700,000
2022 $4,043 $254,317 $165,396 $88,921
2021 $3,904 $249,331 $162,153 $87,178
2020 $3,887 $249,176 $160,491 $88,685
2019 $3,812 $244,339 $157,345 $86,994
2018 $3,598 $239,596 $154,260 $85,336
2016 $3,348 $227,987 $148,271 $79,716
2015 $3,234 $224,563 $146,044 $78,519
2014 $3,208 $220,165 $143,184 $76,981
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-134651

The MLS
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