NOT LISTED FOR SALE

Estimated Value: $2,126,041

8 Beds
4 Baths
5,678 Sq Ft
$374/Sq Ft Est. Value

Sale Details

Date Sold: December 29, 2023

Last sale price $1,900,000 $335 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $13,664 / mo

218 Days on Market

Highlights

  • Fireplace in Bathroom
  • Wood Flooring
  • High Ceiling
  • Property is near public transit
  • Spanish Architecture
  • Side by Side Parking

About This Home

As of December 2023

Great Investment Opportunity located in the heart of Beverly Hills. This 4-unit low-rise complex is located on one of the most beautiful and coveted streets in Beverly Hills. Rexford Drive. So few of these charming buildings and you have a chance to own one of them. They just don't build these anymore. Full of detail from the Roaring 1920's. The years that brought us the radio, washing machines , jazz music, vacuum cleaners and the electric blender. PROPERTY HIGHLIGHTS: 4 Units: 2 Bedroom / 1 Bathroom, Private in unit laundry. Approxinately 9' ceilings. BRAND NEW ROOF in 2023. Landlord pays water; tenants pay power & gas. Parking: In rear - Each unit is assigned one space within an enclosed two car garage (total of 2 x two car garages) Storage: Additional storage space on the end wall of each parking space. There's some deferred maintenance but look at it as room to add some of your great 2023 personal touches. The building is fully leased with very faithful tenants. RENT UPSIDE AVAILABLE AND CERTAIN PASS THROUGHS SINCE RENT HAS NOT BEEN RAISED IN YEARS.

Last Agent to Sell the Property

Trina Brown

Coldwell Banker Quality Properties License #01311361 Listed on: 05/16/2023

Coldwell Banker Quality Properties

Co-Listed By

Arthur Pfefferman

Coldwell Banker Quality Properties License #01021906

Coldwell Banker Quality Properties

Last Buyer's Agent

Arthur Pfefferman

Coldwell Banker Quality Properties License #01021906

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,071 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,678 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Storage
  • Wood Flooring

Kitchen

  • Tile Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Natural Gas Connected
  • Water Heater
  • Phone Available

Additional Features

  • Fireplace in Patio
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1476
  • Tax Tract Number 6380
  • Assessor Parcel Number 4330033010
  • $3,246 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,466
  • Operating Expense $23,248
  • Gross Income $55,200
  • Net Operating Income $31,952

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

6,071 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Zoning: BHR4YY
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4330033010
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: High Ceilings, Storage, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Patio, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 334.62
  • Room Type: Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage Faces Rear, On Site, Side by Side
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Water Heater
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 6071.00
  • Lot Size Acres: 0.1394

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 3466.00
  • Lot Size Area: 6071.0000 Square Feet
  • Net Operating Income: 31952.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23248.00
  • Rent Control: Yes
  • Total Actual Rent: 4580.00
  • Total Expenses: 23248.00

Tax Info

  • Tax Census Tract: 7009.02
  • Tax Lot: 1476
  • Tax Tract Number: 6380
  • TaxOtherAnnualAssessmentAmount: 3246.00

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
May 16, 2023
Closed on
Dec 26, 2023
Sold by
Bought by
Seller's Agent
Trina Brown
Coldwell Banker Quality Properties
Buyer's Agent
Arthur Pfefferman
Coldwell Banker Quality Properties
List Price
$3,400,000
Sold Price
$1,900,000
Premium/Discount to List
-$1,500,000
-44.12%
Views
258
Current Estimated Value
$2,126,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,041
Avg. Annual Appreciation
4.42%

Purchase Details

Closed on
May 9, 2023
Sold by
Bought by
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
$1,900,000 Old Republic Title Company
-- Old Republic Title Company
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
12/29/2023 12/29/23 Sold $1,900,000 -29.5% $335 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
09/14/2023 09/14/23 Price Changed $2,695,498 -6.9% $475 / Sq Ft
07/18/2023 07/18/23 Price Changed $2,895,498 -14.8% $510 / Sq Ft
05/16/2023 05/16/23 For Sale $3,400,000 -- $599 / 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 $23,880 $1,938,000 $1,550,400 $387,600
2024 $3,447 $242,228 $172,077 $70,151
2023 $3,397 $237,479 $168,703 $68,776
2022 $3,310 $232,824 $165,396 $67,428
2021 $3,184 $228,259 $162,153 $66,106
2019 $3,100 $221,492 $157,345 $64,147
2018 $2,921 $217,150 $154,260 $62,890
2016 $2,738 $208,720 $148,271 $60,449
2015 $2,634 $205,585 $146,044 $59,541
2014 $2,587 $201,559 $143,184 $58,375
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23026612

California Regional Multiple Listing Service (CRMLS)

APN: 4330-033-010

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