NOT LISTED FOR SALE

Estimated Value: $2,446,077

6 Beds
4 Baths
3,964 Sq Ft
$617/Sq Ft Est. Value

Sale Details

Date Sold: January 7, 2025

Last sale price $2,300,000 $580 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $16,253 / mo

125 Days on Market

Highlights

  • Normandy Architecture
  • Central Heating
  • 2-minute walk to La Cienega Park
  • Horace Mann Elementary School Rated A

About This Home

As of January 2025

We are pleased to present the exclusive listing of 233 South Gale Drive in Beverly Hills. Built in 1947, this French Normandy-style triplex offers a unique blend of historic charm and modern amenities. The property consists of three distinct units, totaling 3,964 rentable square feet on a 5,841 square foot lot. The triplex features a three-bedroom, two-bathroom unit, a two-bedroom, one-bathroom unit, and a one-bedroom, one-bathroom unit (the one bedroom is vacant). The three-bedroom unit occupies the entire top floor, offering expansive living space with abundant natural light. It features original tilework in the kitchen and bathrooms, two separate entrances, and in-unit laundry, contributing to its attractiveness. The property maintains its historic charm with features like crown moldings, faux fireplaces, and vintage ceramic tiles while incorporating modern upgrades. The two-bedroom unit is front-facing, provides plenty of natural light, and boasts restored hardwood flooring, vintage crown molding, and 1940s ceramic tile. This unit also has access to a front garden, covered parking, and private entrance, enhancing its appeal to potential tenants. The one-bedroom unit benefits from newly refinished hardwood floors, upgraded kitchen flooring, and new window coverings. It also includes a newly installed alarm system and in-unit laundry facilities, making it a comfortable and modern living space. The Beverly Hills location adds significant value, as the area is known for its luxury real estate and high rental demand. The mix of unit sizes and attractive features positions this triplex as a strong candidate for generating stable rental income. The blend of classic style and contemporary upgrades makes 233 South Gale Drive a standout property in the competitive rental market of Beverly Hills. Ideally located 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard. The property is steps away from La Cienega Park, and minutes from Rodeo Drive, The Grove, the Beverly Center, and West Hollywood. Beverly Hills provides a blend of high-end dining, luxury shopping such as Spago Beverly Hills, Mastro's Steakhouse, The Bazaar by Jos Andrs and Nobu Beverly Hills. This sought-after area is synonymous with high-end living, featuring a blend of historic charmed modern sophistication. Residents can also explore a range of cultural attractions including the historic Saban Theater, the Beverly Hills Hotel, the Greystone Mansion, the Getty Center, the Hollywood Bowl and Museum Row on the Miracle Mile which includes Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, The Petersen Automotive Museum and the Academy Museum of Motion Pictures. The property benefits from excellent connectivity to major roads, including Santa Monica Boulevard and Wilshire Boulevard, as well as easy access to the 405 and 10 Freeways.

Last Agent to Sell the Property

Eli Appel

Equity Union License #01918652 Listed on: 11/15/2024

Equity Union

Last Buyer's Agent

York Adkins

Compass License #02138166

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,829 Sq Ft Lot

Home Design

  • Normandy Architecture

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Covered Parking

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • 3 Units
  • Vacancy Allowance $3,677

Listing and Financial Details

  • Assessor Parcel Number 4333-029-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

5,829 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Normandy
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3964
  • Lot Acreage: 0.1338
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 602.93

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 23.42
  • Assessed Improvement Value: 541008
  • Assessed Land Percent: 76.58
  • Assessed Land Value: 1768680
  • Total Assessed Value: 2309688
  • Assessor Parcel Number: 4333-029-003
  • Lot Size Area: 5829

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.50
  • Number Of Units: 3
  • Type Of Units: Multifamily
  • Vacancy Allow: 3677
  • Vacancy Allow Percent: 3.00

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

Listed on
Nov 15, 2024
Closed on
Dec 31, 2024
Sold by
233 South Gale Llc
Bought by
Seller's Agent
Eli Appel
Equity Union
Buyer's Agent
York Adkins
Compass
List Price
$2,390,000
Sold Price
$2,300,000
Premium/Discount to List
-$90,000
-3.77%
Views
39
Current Estimated Value
$2,446,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,077
Avg. Annual Appreciation
3.71%
Original Mortgage
$1,300,000
Outstanding Balance
$1,279,373
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,166,704

Purchase Details

Closed on
Oct 11, 2022
Sold by
Wilken Gregory M
Bought by
Watt-Ney Family Trust

Purchase Details

Closed on
Oct 1, 2003
Sold by
Ney Robert L
Bought by
Ney Sharon Watt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2003
Sold by
Cohen Alan L and Meyers Barbara A
Bought by
Ney Sharon Watt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1999
Sold by
Cohen Alan L and Meyers Barbara A
Bought by
Cohen Alan L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- First American Title Company
Saviss Family Trust $2,300,000 First American Title Company
Watt-Ney Family Trust -- Accommodation/Courtesy Recordi
Ney Sharon Watt -- Chicago Title Co
Ney Sharon Watt -- Chicago Title Co
Cohen Alan L -- --
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 $1,300,000
Previous Owner Ney Sharon Watt $275,000
Previous Owner Ney Sharon Watt $275,000
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
01/07/2025 01/07/25 Sold $2,300,000 -3.8% $580 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $2,390,000 0.0% $603 / Sq Ft
11/15/2024 11/15/24 For Sale $2,390,000 -1.9% $603 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $2,436,000 0.0% $615 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $2,436,000 0.0% $615 / Sq Ft
10/12/2019 10/12/19 Rented $2,800 0.0% --
10/12/2019 10/12/19 Rented $2,800 -6.7% --
10/02/2019 10/02/19 Under Contract -- -- --
09/13/2019 09/13/19 Rented $3,000 +5.3% --
07/20/2019 07/20/19 For Rent $2,850 0.0% --
07/20/2019 07/20/19 For Rent $2,850 -16.2% --
04/17/2019 04/17/19 Off Market $3,400 -- --
03/08/2019 03/08/19 Price Changed $3,400 -27.6% $4 / Sq Ft
03/08/2019 03/08/19 For Rent $4,695 +84.1% --
05/19/2017 05/19/17 Rented $2,550 -3.8% --
03/30/2017 03/30/17 For Rent $2,650 -33.7% --
03/11/2017 03/11/17 Rented $3,995 0.0% --
07/18/2016 07/18/16 Under Contract -- -- --
07/02/2016 07/02/16 For Rent $3,995 +70.0% --
05/02/2016 05/02/16 Rented $2,350 0.0% --
03/24/2016 03/24/16 Price Changed $2,350 -5.8% $2 / Sq Ft
02/09/2016 02/09/16 For Rent $2,495 +24.8% --
06/04/2014 06/04/14 Rented $2,000 0.0% --
06/04/2014 06/04/14 Under Contract -- -- --
05/09/2014 05/09/14 For Rent $2,000 -- --
Source: The MLS

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
2026 $29,324 $2,346,000 $1,632,000 $714,000
2025 $29,324 $2,402,998 $1,840,134 $562,864
2024 $28,702 $2,355,881 $1,804,053 $551,828
2023 $28,190 $2,309,688 $1,768,680 $541,008
2022 $19,178 $1,574,237 $1,205,804 $368,433
2021 $18,657 $1,543,370 $1,182,161 $361,209
2019 $18,076 $1,497,596 $1,147,099 $350,497
2018 $17,299 $1,468,232 $1,124,607 $343,625
2016 $16,578 $1,411,221 $1,080,938 $330,283
2015 $15,875 $1,390,024 $1,064,702 $325,322
2014 $15,365 $1,362,796 $1,043,846 $318,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-437987

The MLS

APN: 4333-029-003

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