Property Detail

Description

We are pleased to present 337 S Rexford Drive, an 8-unit opportunity in the heart of Beverly Hills. This multifamily asset is located on a premier, tree-lined street south of Wilshire Boulevard. The mid-century building offers a serene setting for high-quality tenants seeking the quintessential Beverly Hills lifestyle. Boasting a 90 Walk Score ("Walker's Paradise"), the 7,093 square foot building sits on a 6,070 square foot lot and is zoned R4. Units are separately metered for gas and electricity. 337 S Rexford Drive features (1) 2bed+1.5bath townhouse, (6) 2bed+1bath, and (1) 1bed+1bath units. The property offers exceptional parking, a rare luxury for the areawith 10 total spaces (10 per building). Investor risk is mitigated by significant recent capex including new roof in 2024 and seismic retrofit work in-progress, recently painted building with upgrades in select units. With five units delivered vacant and others tastefully upgraded, this asset provides an opportunity to select your own tenants and an additional 12% rental upside on in-place rents in a globally recognized submarket. Also available, 333 S Rexford Drive (next door). Investment Opportunity for contiguous assembly comprised of (two) adjacent 8-unit buildings on a 12,140 square feet double lot zoned R4. Rare opportunity to own 100+ feet of frontage on Rexford Drive. Ownership is currently in the process of completing seismic retrofit work at 337 S Rexford Drive. Please reach out to seller's agent for additional information. MLS#: 26653925