Seller's Agent in 2022
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
2 in this area
60 Total Sales
205 S Reeves Dr Beverly Hills, CA 90212
Estimated Value: $3,212,000 - $3,507,293
4
Beds
3
Baths
5,301
Sq Ft
$633/Sq Ft
Est. Value
Highlights
- Laundry Room
- Beverly Vista Elementary School Rated A
- Wall Furnace
About This Home
As of December 2022DO NOT DISTURB TENANTS OR WALK THE PROPERTY. Surrounded by high income demographics, major retail destinations, and renowned medical facilities, 205-207 ½ S. Reeves Drive in Beverly Hills is a trophy asset and a part of a four property portfolio offered for the first time in the market in over 25 years.
A well-maintained property with remodeled interiors, 205-207 ½ S. Reeves Drive in Beverly Hills is situated on ±6,058 square feet of land and a total building size of ±5,301 square feet. 205-207 ½ S. Reeves Drive in Beverly Hills consists of four units (2-1B/1B and 2-3B/2B) with an average unit size of 1,325 square feet. The property is located a few blocks from the Golden Triangle Business District. Units feature wall air conditioning, original crown molding, architecturally designed arched hallways, original hardwood floors, dishwashers, vintage-style bathrooms, ceiling fans and new paint; three bedroom units feature washer and dryer hook-ups, original stained glass windows, original built-in cabinetry and operational fireplaces and the property amenities include on-site laundry, a courtyard with original hand painted tiles, outdoor seating area, four parking garages, decorative railings and Spanish tile roof.
The other three properties in the portfolio are located at 9936-9938 ½ Robbins Drive, which has four units; 445-449 ½ S Rexford Drive in Beverly Hills, which has a total of seven units and 10639 Eastborne Avenue in Los Angeles, which has a total of five units.
The deal provides an opportunity to acquire one property or all four highly desirable assets, which are all within close proximity to one another in prime Beverly Hills and Westwood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,406
Year Built
- Built in 1935
Lot Details
- 6,058 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
Interior Spaces
- 5,301 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Additional Features
- Suburban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 1974
- Tax Tract Number 6380
- Assessor Parcel Number 4331003002
- $484 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,400
- Operating Expense $60,531
- Gross Income $150,444
- Net Operating Income $82,392
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2022
Closed on
Dec 15, 2022
Sold by
Jenny Taft-Nicklin Trust
Bought by
Euclid Avenue San Diego Llc
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Oliver Omid
Hope & Co. Finance, Inc.
List Price
$3,500,000
Sold Price
$3,015,000
Premium/Discount to List
-$485,000
-13.86%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,573
Avg. Annual Appreciation
4.21%
Purchase Details
Closed on
Jun 10, 2022
Sold by
Jenny Nicklin
Bought by
Jenny Taft-Nicklin Trust
Purchase Details
Closed on
Apr 12, 2016
Sold by
Nicklin Jenny and Caroline G Taft Irrevocable Tr
Bought by
Nicklin Jenny and Caroline G Taft Trust
Purchase Details
Closed on
Dec 8, 2014
Sold by
Taft Caroline G
Bought by
Nicklin Jenny and Caroline G Taft Irrevocable Tr
Purchase Details
Closed on
Apr 18, 1995
Sold by
Bar Saul
Bought by
Taft Caroline G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.44%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Euclid Avenue San Diego Llc | $3,015,000 | Fidelity National Title | |
| Jenny Taft-Nicklin Trust | -- | Hathaway Law Firm Llp | |
| Nicklin Jenny | -- | Hathaway Law Firm Llp | |
| Nicklin Jenny | -- | None Available | |
| Nicklin Jenny | -- | None Available | |
| Taft Caroline G | -- | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Taft Caroline G | $801,950 | |
| Previous Owner | Taft Caroline G | $450,000 | |
| Previous Owner | Taft Caroline G | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/19/2022 12/19/22 | Sold | $3,015,000 | -13.9% | $569 / Sq Ft |
| 12/02/2022 12/02/22 | Pending | -- | -- | -- |
| 10/11/2022 10/11/22 | For Sale | $3,500,000 | -- | $660 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $37,406 | $3,136,806 | $2,080,800 | $1,056,006 |
| 2024 | $37,406 | $3,075,300 | $2,040,000 | $1,035,300 |
| 2023 | $36,736 | $3,015,000 | $2,000,000 | $1,015,000 |
| 2022 | $17,282 | $1,408,548 | $1,028,838 | $379,710 |
| 2021 | $16,758 | $1,380,930 | $1,008,665 | $372,265 |
| 2019 | $16,281 | $1,339,973 | $978,749 | $361,224 |
| 2018 | $15,600 | $1,313,700 | $959,558 | $354,142 |
| 2016 | $14,929 | $1,262,691 | $922,299 | $340,392 |
| 2015 | $14,299 | $1,243,725 | $908,446 | $335,279 |
| 2014 | $13,853 | $1,219,363 | $890,651 | $328,712 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2022
Joyce Goldstein
CB Richard Ellis L.A. North Universal City
(818) 502-6700
2 in this area
9 Total Sales
-
Buyer's Agent in 2022
Oliver Omid
Hope & Co. Finance, Inc.
(310) 991-0404
1 in this area
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV22219936
APN: 4331-003-002
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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