NOT LISTED FOR SALE

401 S Rodeo Dr Beverly Hills, CA 90212

11 Beds
10 Baths
6,638 Sq Ft
6,601 Sq Ft Lot

Last Sold July 30, 2021

Last sale price $3,775,000 $569 Per Sq Ft

9 Days on Market

Highlights

  • Air Conditioning
  • Central Heating
  • 8 Car Garage
  • Beverly Vista Elementary School Rated A

About This Home

As of July 2021

6 Unit located in Beverly HIlls, one of the most sought-after apartment markets in the country! // Ideal unit mix: (1) 3+2, (3) 2+2, (2) 1+1 currently at 19.02 GRM and 3.14% CAP. 1 two-bedroom unit will be delivered vacant at closing. // 8 covered parking + on-site laundry available for tenants. Property is not identified as soft-story - retrofitting not required (check w/ city) // South Rodeo Drive is also close to the Beverly Hills business district - one of the most coveted commercial real estate sub-markets in the country, and a prime area for office space, high-end retail, restaurant, and entertainment establishments. It's close distance to the hot and bustling corridor of South Beverly Drive. The property is situated just outside the Beverly Hills Triangle where demand for rental housing is consistently high and vacancies low, which has helped keep rental rents for space at a stable premium throughout the pandemic. The property benefits from its close proximity to a vibrant retail area as well as to premier dining establishments and luxury hotels. The building's preeminent location makes it an incredible investment opportunity with great upside! Proforma at 14.8 GRM and 4.5% CAP. // Do not disturb tenants and inside with accepted offers only.

Last Agent to Sell the Property

Eric Sackler

Coldwell Banker Realty License #01057377 Listed on: 06/14/2021

Coldwell Banker Realty

Co-Listed By

Susan Lau

Coldwell Banker Realty License #01516710

Last Buyer's Agent

Eric Sackler

Coldwell Banker Realty License #01057377 Listed on: 06/14/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,601 Sq Ft Lot

Parking

  • 8 Car Garage

Interior Spaces

  • 6,638 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4330-021-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6638
  • Lot Acreage: 0.1515
  • Stories: 2
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 564.93

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage, Covered Parking
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning, Wall Unit(s)
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 42.16
  • Assessed Improvement Value: 124174
  • Assessed Land Percent: 57.84
  • Assessed Land Value: 170357
  • Total Assessed Value: 294531
  • Assessor Parcel Number: 4330-021-001
  • Lot Size Area: 6601

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 19.02
  • Number Of Units: 6
  • Type Of Units: Apartments

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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 List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold $3,775,000 +0.7% $569 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $3,750,000 -- $565 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $48,087 $4,006,058 $2,960,238 $1,045,820
2024 $48,087 $3,927,509 $2,902,195 $1,025,314
2023 $47,231 $3,850,500 $2,845,290 $1,005,210
2022 $45,891 $3,775,000 $2,789,500 $985,500
2021 $4,359 $297,581 $172,121 $125,460
2020 $4,339 $294,531 $170,357 $124,174
2019 $4,250 $288,757 $167,017 $121,740
2018 $4,017 $283,096 $163,743 $119,353
2016 $3,745 $272,105 $157,386 $114,719
2015 $3,612 $268,018 $155,022 $112,996
2014 $3,556 $262,769 $151,986 $110,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-747498

The MLS