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240 S Tower DR Beverly Hills, CA 90211
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Key Details
Sold Price $2,135,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,343 sqft
Price per Sqft $491
MLS Listing ID 24373499
Sold Date 05/24/24
Bedrooms 6
HOA Y/N No
Year Built 1929
Lot Size 6,734 Sqft
Property Description
1929 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.
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR475
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Inside, See Remarks
Exterior
Garage Garage, Tandem
Garage Spaces 4.0
Garage Description 4.0
View Y/N Yes
Attached Garage No
Total Parking Spaces 4
Building
Story 2
Entry Level One
Architectural Style Spanish
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4333030013
Special Listing Condition Standard
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Bought with Hamid Nejad • KW Advisors