$4,800,000
This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market.
The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset.
Ideally situated in one of Beverly Hills’ most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property’s relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles’ most sought-after amenities and employment hubs.
With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.
PW26197918
MLS
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Active
Status
329 S Rexford Drive, Beverly Hills