Seller's Agent in 2020
Stephen Lampe
RE/MAX
(310) 802-2500
51 Total Sales
232 S Tower Dr Beverly Hills, CA 90211
Beverly Hills Area
9
Beds
8
Baths
7,596
Sq Ft
10,063
Sq Ft Lot
Highlights
- Landscaped
- Level Lot
- 4-minute walk to La Cienega Park
- Horace Mann Elementary School Rated A
About This Home
As of September 2020First time on the market in 30+ years! 232 South Tower Drive is an 8 unit “French Chateau” multi-family property located on a great tree lined street in Beverly Hills. It’s an excellent location with a Walk Score rating of 88, providing a short walk to La Cienega Park and countless shopping and dining options along Wilshire Blvd and La Cienaga Blvd. Also nearby are The Grove, Los Angeles County Museum of Art (LACMA) and The Original Farmer’s Market.
232 South Tower Drive has a great unit mix consisting of 2 – 2 Bedrooms/1 Bathroom, 5 – 1 Bedroom/1 Bathroom & 1 – Studio. The units are spacious and average just under 1,000 square feet each. Current rents are low relative to those of surrounding properties and there is significant upside (subject to the Beverly Hills Chapter 6 rent control ~ 3.01% increase for 2019, new rate to be set June 2020.) Architectural details have been preserved throughout the entire property and two units have updated kitchens. All units are in good condition and there is no known deferred maintenance. There is an onsite laundry facility and ample parking in the rear of the property (6 carports & 1 open space) in addition to off street parking by permit. All of the units are separately metered for gas and electricity.
232 South Tower Drive is a great opportunity that will be appealing to an array of buyers including an owner/user, investor or anyone in a 1031 exchange looking for a well located asset in good condition.
Last Agent to Sell the Property
Re/Max Commercial & Investment License #01164364 Listed on: 03/27/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 10,063 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Level Lot
Home Design
- Property Attached
Interior Spaces
- 7,596 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Bathrooms
Parking
- Parking Available
- Assigned Parking
Listing and Financial Details
- Tax Lot 492
- Tax Tract Number 4988
- Assessor Parcel Number 4333030009
Community Details
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Fuel Expense $300
- Insurance Expense $3,798
- Professional Management Expense $6,000
- Water Sewer Expense $4,800
- New Taxes Expense $51,876
- Operating Expense $71,474
- Gross Income $16,235
- Net Operating Income $108,819
Additional Features
- 8 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 3, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
0.027%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 1, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
0.027%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 27, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
0.027%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 27, 2020
Closed on
Sep 3, 2020
Sold by
Bought by
Seller's Agent
Stephen Lampe
Re/Max Commercial & Investment
Buyer's Agent
Jonathan Taksa
Remax Commercial and Investment Realty
List Price
$4,750,000
Sold Price
$3,950,000
Premium/Discount to List
-$800,000
-16.84%
Purchase Details
Closed on
May 7, 2020
Sold by
Bought by
Purchase Details
Closed on
May 9, 2013
Sold by
Bought by
Purchase Details
Closed on
Mar 26, 2013
Sold by
Bought by
Purchase Details
Closed on
Mar 6, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Fidelity National Title | ||
| -- | Accommodation | ||
| -- | First American Title Company O | ||
| -- | Accommodation | ||
| $3,950,000 | North American Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Fidelity National Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $10,000,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/04/2025 10/04/25 | Off Market | $2,800 | -- | -- |
| 03/12/2024 03/12/24 | Price Changed | $2,800 | +3.9% | $4 / Sq Ft |
| 11/15/2023 11/15/23 | Price Changed | $2,695 | -3.6% | $4 / Sq Ft |
| 11/03/2023 11/03/23 | Price Changed | $2,795 | -0.2% | $4 / Sq Ft |
| 11/01/2023 11/01/23 | For Rent | $2,800 | 0.0% | -- |
| 09/04/2020 09/04/20 | Sold | $3,950,000 | -10.2% | $520 / Sq Ft |
| 04/30/2020 04/30/20 | Pending | -- | -- | -- |
| 04/03/2020 04/03/20 | Price Changed | $4,400,000 | -7.4% | $579 / Sq Ft |
| 03/27/2020 03/27/20 | For Sale | $4,750,000 | -- | $625 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $53,939 | $4,393,770 | $2,511,602 | $1,882,168 |
| 2024 | $52,836 | $4,307,618 | $2,462,355 | $1,845,263 |
| 2023 | $51,896 | $4,223,156 | $2,414,074 | $1,809,082 |
| 2022 | $49,103 | $4,029,000 | $2,437,800 | $1,591,200 |
| 2021 | $47,667 | $3,950,000 | $2,390,000 | $1,560,000 |
| 2020 | $4,799 | $310,220 | $199,044 | $111,176 |
| 2019 | $4,704 | $304,143 | $195,142 | $109,001 |
| 2018 | $4,378 | $298,185 | $191,316 | $106,869 |
| 2016 | $4,084 | $286,378 | $183,888 | $102,490 |
| 2015 | $3,941 | $282,077 | $181,126 | $100,951 |
| 2014 | $3,895 | $276,552 | $177,578 | $98,974 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Lampe
-
Brian Estes
Seller Co-Listing Agent in 2020
Brian Estes
RE/MAX
(310) 802-2525
14 Total Sales
-
Jonathan Taksa
Buyer's Agent in 2020
Jonathan Taksa
RE/MAX
(424) 672-8220
91 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20064685
APN: 4333-030-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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