NOT LISTED FOR SALE

212 S Reeves Dr Beverly Hills, CA 90212

4 Beds
11 Baths
6,560 Sq Ft
6,071 Sq Ft Lot

Last Sold September 16, 2022

Last sale price $4,250,000 $648 Per Sq Ft

75 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Laundry Facilities
  • Beverly Vista Elementary School Rated A
  • Ceiling Fan
  • West Facing Home

About This Home

As of September 2022

We are pleased to present this eleven-unit complex located in Beverly Hills, CA consisting of seven studio and four one-bedroom, one-bathroom apartments. The Property, located south of Wilshire Blvd near the intersection of S Beverly Dr and Charleville Blvd and consists of a two structures. There is both covered and uncovered parking spaces in the courtyard and rear with access from the alleyway. 212 S Reeves Dr. boasts a Walk Score of 93, Transit Score of 59, and Bike Score of 60 and is conveniently located near Beverly Hills' Golden Triangle business district, with direct access to luxury shopping and dining establishments along Rodeo Dr. , S Beverly Dr. and in nearby Century City. The earthquake retrofitting was recently completed and the Owner added an on-site laundry room allowing for a new income stream. This deal provides an investor with the opportunity to acquire a trophy asset in irreplaceable Beverly Hills with significant rental upside.

Last Agent to Sell the Property

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 05/04/2022

Last Buyer's Agent

Dittany Zhang Seltzer

Sunoom Realty License #01960099

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,071 Sq Ft Lot
  • Lot Dimensions are 50x121
  • West Facing Home

Home Design

  • Colonial Architecture
  • Split Level Home

Interior Spaces

  • 6,560 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 11 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Off-Site Parking
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gardener, gas, water
  • Assessor Parcel Number 4331-002-035

Community Details

Overview

  • 2 Buildings
  • 11 Units

Additional Features

  • Laundry Facilities
  • Vacancy Allowance $7,192

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Colonial
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: We are pleased to present this eleven-unit complex located in Beverly Hills, CA consisting of seven studio and four one-bedroom, one-bathroom apartments. The Property, located south of Wilshire Blvd near the intersection of S Beverly Dr. and Charleville Blvd, consists of a two structures. There is both covered and uncovered parking spaces in the courtyard and rear with access from the alleyway.212 S Reeves Dr. has a Walk Score of 93, Transit Score of 59, and Bike Score of 60. 212 S Reeves is conveniently located near Beverly Hills' Golden Triangle business district, with direct access to luxury shopping and dining establishments along Rodeo Dr. , S Beverly Dr. and in nearby Century City. This deal provides an investor with the opportunity to acquire a trophy asset in irreplaceable Beverly Hills with significant rental upside.
  • Living Area: 6560
  • Lot Acreage: 0.1394
  • Lot Dimensions: 50x121
  • Probate: No
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Ceramic Tile
  • Appliances: Oven-Gas
  • Bedrooms: 4
  • Laundry: Community
  • Total Bathrooms: 11.00
  • Equipment: Ceiling Fan, Garbage Disposal
  • Price Per S Q F T: 706.55

Exterior Features

  • Direction Faces: West
  • Other Structures: None

Garage/Parking

  • Carport Spaces: 4
  • Other Spaces: 4
  • Parking Garage: Assigned, Offsite
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 28.97
  • Assessed Improvement Value: 563300
  • Assessed Land Percent: 71.03
  • Assessed Land Value: 1381182
  • Total Assessed Value: 1944482
  • Assessor Parcel Number: 4331-002-035
  • Lot Size Area: 6071

Rental Info

  • Total Actual Rent: 239736.00
  • Monthly Gross Income: 11680.00
  • Owner Pays: Gardener, Gas, Water
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.33
  • Gross Scheduled Income: 234544.00
  • Gross Spendable Income: 140166.00
  • Number Of Units: 11
  • Total Annual Expense: 90709
  • Type Of Units: Apartment
  • Vacancy Allow: 7192
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 1

Range of Values:

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Sold Price
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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 Change Sq Ft Price
09/16/2022 09/16/22 Sold $4,250,000 -8.3% $648 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
06/08/2022 06/08/22 Price Changed $4,635,000 -4.9% $707 / Sq Ft
05/04/2022 05/04/22 For Sale $4,875,000 -- $743 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joshua Luchs

    Seller's Agent in 2022

    Joshua Luchs

    Kidder Mathews of California, Inc.

    (818) 231-2477

    1 in this area

    8 Total Sales

    Joshua Luchs
    Section Image
  • Dittany Zhang Seltzer

    Buyer's Agent in 2022

    Dittany Zhang Seltzer

    Sunoom Realty

    (310) 867-0171

    4 in this area

    96 Total Sales

    Dittany Zhang Seltzer
    Section Image
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Map

Source: The MLS

MLS Number: 22-153125

The MLS
California Los Angeles County Beverly Hills 90212

212 S Reeves Dr, Beverly Hills, CA

This home is located at 212 S Reeves Dr, Beverly Hills, CA 90212 since 04 May 2022. This property was built in 1941. 212 S Reeves Dr is a home located in Los Angeles County with nearby schools including Beverly Vista Elementary School, Beverly Hills High School, and Harkham Hillel Hebrew Academy.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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