240 S Tower Drive
Beverly Hills, CA, 90211 $ 2,195,000
Bedrooms6 Baths5.0 Sq 4,343 Monthly Estimate*
$ 15,333
for $2,195,000 with 6 bedrooms and 5 full baths. This 4,343 square foot home was built in 1929 on a lot size of 0.1546.
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.
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FeaturesGeneralHeating Central
Cooling CentralAir
Appliances Dishwasher Disposal Microwave Refrigerator Dryer Washer
Zoning BHR475
Garage Spaces 4.0
Architectural Style Spanish
Year Built 1929
Stories 1
Levels One
Gross Income 117840.0
County Los Angeles
Net Operating Income 106300.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions East of La Cienega South of Wilshire
City Beverly Hills
Disclosures RentControl
View Y/N Y
Senior Community Y/N N
Total Units 4
MLS Area C01 - Beverly Hills
Lot Size Square Feet 6734.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Tower
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 23
Standard Status ActiveUnderContract
Year Built Source Assessor
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InteriorFlooring Wood
Fireplace Features None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Drive
Laundry Features Inside SeeRemarks
Total Bedrooms 6
Electric On Property Y/N N
Total Baths 5
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ExteriorParking Features Garage Tandem
Total Parking 4.0
Lot Size Area 6734.0
Number of Buildings 1
Spa N
Building Area Total 4343.0
Lot Size Acres 0.1546
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $15,333
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Beverly Hills, CA
Average List Price $4,630,025
Percent of Sale Price 111%
About Beverly Hills, CA 34,311 Population
2% Since 2002
$ 110,424 Median Income
43.43 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/27/2024 | $2,195,000 | | Listed Price |