Elizabeth Welchman
Core Real Estate Group
(424) 369-7188
8 Total Sales
1 in Beverly Hills
$2,118,500 Price
240 S Doheny Dr Beverly Hills, CA 90211
Beverly Hills Area
5
Beds
5
Baths
22,735
Sq Ft
0.26
Acre Lot
Highlights
- In Ground Pool
- Subterranean Parking
- Laundry Facilities
- Horace Mann Elementary School Rated A
- Landscaped
About This Home
As of May 2026Exceptional opportunity to acquire a multifamily investment property in one of the most prestigious and supply-constrained markets in the United States. Located in Beverly Hills, the asset benefits from immediate proximity to the Golden Triangle, world-class dining and retail, major employment centers, and premier medical facilities, including Cedars-Sinai.
The property is positioned in a market defined by consistently strong tenant demand, historically low vacancy, and significant barriers to entry. Beverly Hills’ stringent zoning regulations and limited availability of developable land have historically supported rent growth and long-term asset appreciation, making this location highly attractive to both domestic and international investors.
The investment offers stable in-place income, with potential upside through continued rental growth and operational optimization. Its central location along Doheny Drive provides convenient access to Beverly Hills, West Hollywood, and the broader Westside, further enhancing its appeal to a professional tenant base seeking convenience, walkability, and a premier residential address.
240 S Doheny Drive is well-suited for investors seeking durable cash flow, capital preservation, and long-term value appreciation in a globally recognized market with exceptional fundamentals.
Last Agent to Sell the Property
Rodeo Realty Brokerage Phone: 818-402-6254 License #00977263 Listed on: 02/09/2026
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 11,199 Sq Ft Lot
- No Common Walls
- Landscaped
Parking
- 24 Car Garage
- Carport
- Subterranean Parking
- Parking Available
Home Design
- Entry on the 1st floor
Interior Spaces
- 22,735 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Pool
- In Ground Pool
Listing and Financial Details
- Tax Lot 787
- Tax Tract Number 6380
- Assessor Parcel Number 4331024027
Community Details
Recreation
- Community Pool
Building Details
- 21 Leased Units
- Rent Control
- 22 Separate Electric Meters
- 22 Separate Gas Meters
- Insurance Expense $25,000
- Maintenance Expense $50,000
- Other Expense $23,500
- Professional Management Expense $28,000
- Supplies Expense $4,500
- Trash Expense $9,679
- Water Sewer Expense $35,000
- New Taxes Expense $106,250
- Operating Expense $284,929
- Gross Income $686,310
- Net Operating Income $419,194
Additional Features
- 22 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
Listed on
Feb 9, 2026
Closed on
May 8, 2026
Sold by
Bought by
Seller's Agent
Ken Marker
Rodeo Realty
Buyer's Agent
Edward Dolce
Rodeo Realty
List Price
$9,900,000
Sold Price
$7,850,000
Premium/Discount to List
-$2,050,000
-20.71%
Views
13
Purchase Details
Closed on
May 23, 2022
Sold by
Bought by
Purchase Details
Closed on
Jan 12, 1999
Sold by
Bought by
Purchase Details
Closed on
Nov 22, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Beverly Hills, CA
-
Elizabeth Welchman
-
Antonio Bruno
Antonio Bruno
Sotheby's International Realty
(424) 842-4616
21 Total Sales
1 in Beverly Hills
$12,400,000 Price
-
Claudia Savino
Claudia Savino
Responds QuicklyColdwell Banker Realty
(424) 533-7028
17 Total Sales
1 in Beverly Hills
$9,500,000 Price
-
Dana Frank
Dana Frank
Responds QuicklyRodeo Realty
(424) 842-2137
146 Total Sales
2 in Beverly Hills
$825,000 Price Range
-
Ken Sisson
Ken Sisson
Responds QuicklyChristie's International Real Estate SoCal
(424) 373-6518
32 Total Sales
1 in Beverly Hills
$1,660,000 Price
-
Paul Gomberg
Paul Gomberg
Coldwell Banker Realty - Lake Conroe/Willis
(832) 925-3506
55 Total Sales
1 in Beverly Hills
$8,000,000 Price
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $7,850,000 | Progressive Title Company | |
| Grant Deed | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,540,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $525,000 | Commercial | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $2,700,000 | Commercial | |
| Previous Owner | $1,200,000 | Commercial | |
| Previous Owner | $1,500,000 | Commercial |
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 |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | Sold | $7,850,000 | -7.6% | $345 / Sq Ft |
| 04/17/2026 04/17/26 | Pending | -- | -- | -- |
| 04/13/2026 04/13/26 | Price Changed | $8,500,000 | -14.1% | $374 / Sq Ft |
| 02/09/2026 02/09/26 | For Sale | $9,900,000 | -- | $435 / 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 | $25,654 | $1,894,516 | $556,790 | $1,337,726 |
| 2024 | $24,877 | $1,857,370 | $545,873 | $1,311,497 |
| 2023 | $24,474 | $1,820,952 | $535,170 | $1,285,782 |
| 2022 | $23,819 | $1,785,248 | $524,677 | $1,260,571 |
| 2021 | $23,034 | $1,750,244 | $514,390 | $1,235,854 |
| 2019 | $22,413 | $1,698,783 | $499,134 | $1,199,649 |
| 2018 | $21,490 | $1,665,484 | $489,348 | $1,176,136 |
| 2016 | $20,308 | $1,600,381 | $470,347 | $1,130,034 |
| 2015 | $19,510 | $1,576,342 | $463,282 | $1,113,060 |
| 2014 | $19,065 | $1,545,464 | $454,207 | $1,091,257 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Marker
Seller's Agent in 2026
Ken Marker
Rodeo Realty
(818) 986-7300
21 Total Sales
-
Edward Dolce
E
Buyer's Agent in 2026
Edward Dolce
Rodeo Realty
(818) 326-3623
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26028368
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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