NOT LISTED FOR SALE
4 Beds
3 Baths
6,263 Sq Ft
6,072 Sq Ft Lot

Sale Details

Date Sold: August 21, 2023

Last sale price $3,800,000 $607 Per Sq Ft

141 Days on Market

Highlights

  • 5 Car Garage
  • Beverly Vista Elementary School Rated A
  • Laundry Facilities

About This Home

As of August 2023

PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY. Surrounded by high income demographics, major retail destinations, and renowned medical facilities, 445-449 ½ S Rexford Drive in Beverly Hills is a trophy asset and apart of a four property portfolio offered for the first time in the market in over 30 years. A well-maintained property with remodeled interiors, 445-449 ½ S Rexford Drive in Beverly Hills is situated on ±6,072
square feet of land and a total building size of ±6,263 square feet. 445-449 ½ S Rexford Drive in Beverly Hills consists of seven units (6-1B/1B and
1-3B/1.5B) with an average unit size of 895 square feet. The property is located a few blocks from the Golden Triangle Business District. Units
feature new paint, high speed internet, remodeled kitchens with dishwashers, upgraded appliances and garbage disposables; select units feature
original hardwood floors, decorative built-in cabinetry and fireplaces. The smoke free community property amenities include: on-site laundry
facility, lush mature landscaping, five on-site parking garages and ample street parking.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 03/21/2023

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 03/21/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,072 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • 6,263 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 1477
  • Tax Tract Number 6380
  • Assessor Parcel Number 4330033011

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $3,150
  • Maintenance Expense $9,118
  • Other Expense $1,400
  • Trash Expense $6,095
  • Water Sewer Expense $6,095
  • New Taxes Expense $48,023
  • Operating Expense $77,612
  • Gross Income $182,354
  • Net Operating Income $104,743

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

6,072 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 2.62
  • Property Attached: Yes
  • Water Sewer Expenses: 6095.00
  • Zoning: BHR4YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4330033011
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 606.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 6095.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6072.00
  • Lot Size Acres: 0.1394

Multi Family

  • Gross Income: 182354.00
  • Gross Multiplier: 20.84
  • Gross Operating Income: 182354.00
  • Gross Scheduled Income: 191952.00
  • Insurance Expense: 3150.00
  • Lot Size Area: 6072.0000 Square Feet
  • Maintenance Expense: 9118.00
  • Net Operating Income: 104743.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 77612.00
  • Other Expense: 1400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 191232.00
  • Total Expenses: 77612.00

Tax Info

  • New Taxes Expense: 48023.00
  • Tax Census Tract: 7009.02
  • Tax Lot: 1477
  • Tax Tract Number: 6380

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
08/21/2023 08/21/23 Sold $3,800,000 -5.0% $607 / Sq Ft
03/21/2023 03/21/23 For Sale $4,000,000 -- $639 / 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 $47,545 $3,876,000 $1,173,000 $2,703,000
2024 $46,509 $3,800,000 $1,150,000 $2,650,000
2023 $43,814 $3,570,000 $2,754,000 $816,000
2022 $24,844 $2,009,672 $1,473,762 $535,910
2021 $24,108 $1,970,267 $1,444,865 $525,402
2019 $23,429 $1,912,249 $1,402,010 $510,239
2018 $22,523 $1,874,763 $1,374,520 $500,243
2016 $21,538 $1,801,562 $1,321,147 $480,415
2015 $20,640 $1,774,502 $1,301,303 $473,199
2014 $20,011 $1,739,743 $1,275,813 $463,930
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23046696

California Regional Multiple Listing Service (CRMLS)
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