Under Contract

240 S Tower Dr

Beverly Hills CA, 90211

$2,195,000


$505.41 per sqft

Under Contract

6 Beds

4,343 sqft

Residential

Built in 1929

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.

24-373499

MLS ID

March 27, 2024

Listed

April 20, 2024

Updated

Map

240 S Tower Dr
Beverly Hills CA, 90211

Interior Features

Total Stories

2


Bedrooms

6 Beds


Appliances

Built-Ins, Dishwasher, Dryer, Garbage Disposal, Refrigerator, Range/Oven, Microwave, Washer


Laundry Description

Inside, In Unit, Other


Floor Description

Hardwood


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central, Air Conditioning


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.15 Acres


Architectual Style

Spanish

Other Property Details

Area Name

Beverly Hills


Days on Market

23


Garage

Yes


Garage Spaces

4


Parking

Tandem, Garage Is Detached, Garage - 4 Car


Parking Total

4


View

Yes


View Description

Tree Top, Walk Street


County

Los Angeles


Pool

No


Zoning

BHR475

Listing History

Date

Event

Price

4/20/2024

Under Contract

Listed by Jimmy Martinez with Compass
Listing Contact: 323-377-0548 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gather Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/20/2024

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