Seller's Agent in 2024
Jimmy Martinez
Compass
(323) 377-0548
2 in this area
49 Total Sales
240 S Tower Dr Beverly Hills, CA 90211
Estimated Value: $2,119,685 - $2,246,000
6
Beds
5
Baths
4,343
Sq Ft
$502/Sq Ft
Est. Value
Highlights
- Views of Trees
- Wood Flooring
- 4 Car Garage
- Horace Mann Elementary School Rated A
- Spanish Architecture
- 3-minute walk to La Cienega Park & Community Center
About This Home
As of May 20241929 Character Spanish 4-unit pride of ownership building in the city of Beverly Hills. Upstairs: 1 bed 1 bath unit that was extensively remodeled in the last 7 years ($2,700 monthly rent) and a charming 2 bed 1 bath ($2,370 monthly rent). Downstairs: cozy 1 bed 1 bath unit that has some recent updates to the kitchen ($2,550 monthly rent) and a 2 bed 2 bath+ Office unit with private patio ($2,390 monthly rent). 3 of the 4 units have their own private laundry. All units have central AC. Roof for Building and Garage replaced in 2022. Property was fumigated in 2023. Estimated annual expenses are $11,500 for water, gardener, insurance, pest, and common electrical. Owner has maintained and upgraded property over the years by installing dual paned windows in some units, painting, installing newer appliances and remodeling in some of the units. Garage has 2 tandem spaces fitting 4 cars as well as storage. Located close to Rodeo Drive, Century City, La Cienega Park & Tennis Courts, Cedars Sinai, Restaurant Row, Miracle Mile, West Hollywood, Pico-Robertson, LACMA, and the upcoming "Purple" Metro Subway Line. Incredible opportunity to own income property in the city of Beverly Hills with its award-winning schools, fire, police, and city services. The building is currently 100% tenant occupied. Access to property with accepted offer only.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,734
Parking
- 4 Car Garage
- Tandem Parking
Home Design
- Quadruplex
- Spanish Architecture
Interior Spaces
- 4,343 Sq Ft Home
- 2-Story Property
- Built-In Features
- Wood Flooring
- Views of Trees
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- 6,734 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 4333-030-013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2024
Closed on
May 17, 2024
Sold by
Gisela Corcoran Family Trust and Corcoran Gisela Katherin
Bought by
Sheikhrezae Shayan and Sheikhrezae Ali
Seller's Agent
Jimmy Martinez
Carolwood Estates
Buyer's Agent
Hamid Nejad
Keller Williams Realty Calabasas
List Price
$2,195,000
Sold Price
$2,135,000
Premium/Discount to List
-$60,000
-2.73%
Views
59
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
$43,171
Avg. Annual Appreciation
1.18%
Original Mortgage
$1,708,000
Outstanding Balance
$1,682,480
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$495,691
Purchase Details
Listed on
Aug 31, 2018
Closed on
Oct 16, 2018
Sold by
Corcoran Gisela Katherin and Corcoran Gisela
Bought by
Corcoran Gisela Katherin and Gisela Corcoran Family Trust
Seller's Agent
Jimmy Martinez
Carolwood Estates
Buyer's Agent
Katheryn Constantine
Sotheby's International Realty
Sold Price
$2,650
Purchase Details
Closed on
Apr 15, 2015
Sold by
Corcoran Gisela and The Zoltan & Julia Jaeger Trus
Bought by
Corcoran Gisela
Purchase Details
Closed on
Oct 18, 2012
Sold by
Jaeger Zoltan
Bought by
Jaeger Zoltan and The Zoltaan Jaeger & Julia Jae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,500
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 14, 1993
Sold by
Marsh Marion B and The Marion B Marsh Trust
Bought by
Marsh Marion B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
7.2%
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 |
|---|---|---|---|
| Sheikhrezae Shayan | $2,135,000 | Lawyers Title | |
| Corcoran Gisela Katherin | -- | None Available | |
| Corcoran Gisela | -- | None Available | |
| Corcoran Gisela | -- | None Available | |
| Jaeger Zoltan | -- | Accommodation | |
| Jaeger Zoltan | -- | Equity Title Los Angeles | |
| Marsh Marion B | -- | World Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sheikhrezae Shayan | $1,708,000 | |
| Previous Owner | Jaeger Zoltan | $441,500 | |
| Previous Owner | Marsh Marion B | $83,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $2,135,000 | -2.7% | $492 / Sq Ft |
| 04/17/2024 04/17/24 | Pending | -- | -- | -- |
| 03/27/2024 03/27/24 | For Sale | $2,195,000 | 0.0% | $505 / Sq Ft |
| 06/09/2023 06/09/23 | Rented | $2,550 | 0.0% | -- |
| 06/07/2023 06/07/23 | Off Market | $2,550 | -- | -- |
| 05/06/2023 05/06/23 | For Rent | $2,550 | -3.8% | -- |
| 04/20/2022 04/20/22 | Rented | $2,650 | 0.0% | -- |
| 04/18/2022 04/18/22 | Off Market | $2,650 | -- | -- |
| 04/06/2022 04/06/22 | For Rent | $2,650 | 0.0% | -- |
| 04/04/2022 04/04/22 | Off Market | $2,650 | -- | -- |
| 03/28/2022 03/28/22 | For Rent | $2,650 | 0.0% | -- |
| 11/25/2019 11/25/19 | Rented | $2,650 | 0.0% | -- |
| 10/21/2019 10/21/19 | For Rent | $2,650 | 0.0% | -- |
| 09/28/2018 09/28/18 | Rented | $2,650 | 0.0% | -- |
| 09/19/2018 09/19/18 | Price Changed | $2,650 | -7.3% | $1 / Sq Ft |
| 08/31/2018 08/31/18 | For Rent | $2,859 | -- | -- |
Source: The MLS
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 | $13,081 | $2,177,700 | $2,040,000 | $137,700 |
| 2024 | $13,081 | $1,017,528 | $704,447 | $313,081 |
| 2023 | $12,864 | $997,578 | $690,635 | $306,943 |
| 2022 | $12,516 | $978,019 | $677,094 | $300,925 |
| 2021 | $12,145 | $958,843 | $663,818 | $295,025 |
| 2020 | $12,103 | $949,012 | $657,012 | $292,000 |
| 2019 | $11,808 | $930,405 | $644,130 | $286,275 |
| 2018 | $11,362 | $912,162 | $631,500 | $280,662 |
| 2016 | $10,886 | $876,743 | $606,979 | $269,764 |
| 2015 | $10,449 | $863,574 | $597,862 | $265,712 |
| 2014 | $10,196 | $846,659 | $586,151 | $260,508 |
Source: Public Records
Agents Affiliated with this Home
-
Jimmy Martinez
-
Shaun Seeram
Seller Co-Listing Agent in 2024
Shaun Seeram
Sotheby's International Realty
(310) 779-3990
1 in this area
16 Total Sales
-
Hamid Nejad
Buyer's Agent in 2024
Hamid Nejad
Keller Williams Realty Calabasas
(310) 709-7805
1 in this area
18 Total Sales
-
Courtney Van Cott
C
Buyer's Agent in 2023
Courtney Van Cott
Compass
(480) 399-7048
51 Total Sales
-
Katheryn Constantine
Buyer's Agent in 2018
Katheryn Constantine
Sotheby's International Realty
(310) 745-1614
9 Total Sales
Map
Source: The MLS
MLS Number: 24-373499
APN: 4333-030-013
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© 2026 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.
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Information is deemed reliable but not guaranteed.
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