132 S Spalding Dr | Beverly Hills, CA 90212
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132 S Spalding Dr
Beverly Hills, CA 90212
REDUCED $1.3MM 19 Large Units in Bev. Hills · Build-to-Rent Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- Character property with a tremendous unit mix in one of the most resilient and globally recognized real estate markets
- A walker’s paradise: Steps to Rodeo Drive, The Peninsula Hotel, Century City, the upcoming One Beverly Hills & Aman Hotel, and Wilshire/Rodeo Metr
- Huge parcel zoned R4YY, allowing for redevelopment flexibility
- Located on coveted South Spalding Drive, a serene, tree-lined street in the heart of the Westside
- Multiple vacancies provide a unique opportunity to begin renovations and reposition the asset immediately
- Natural light throughout, expansive interiors, and period details such as crown moldings, fireplaces, and large bay windows
PROPERTY FACTS
| No. Units | 23 | Property Size | 25,520 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 53% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1937 |
| Costar Property Class | C | Parking Allocation | 0.62/1,000 sq ft |
| Total Plot Size | 0.42 ac | ||
| Use Class | C-3T-2 - Commercial-Transition Zone | ||
| No. Units | 23 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.42 ac |
| Property Size | 25,520 sq ft |
| Average Occupancy | 53% |
| No. Floors | 2 |
| Year Built | 1937 |
| Parking Allocation | 0.62/1,000 sq ft |
| Use Class | C-3T-2 - Commercial-Transition Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 4+3.5 | 1 | - | 2,260 |
| 3+3.5 | 1 | - | 2,260 |
| 3+2 | 2 | - | 1,600 |
| 2+2 | 4 | - | 1,230 |
| 2+1.5 | 1 | - | 1,160 |
| 2+1 | 3 | - | 1,114 |
| 1+1 | 6 | - | 753 |
| Studios | 1 | - | 500 |
PROPERTY TAXES
| Parcel Number | 4328-009-014 | Improvements Assessment | £3,223,719 |
| Land Assessment | £7,439,360 | Total Assessment | £10,663,078 |
PROPERTY TAXES
Parcel Number
4328-009-014
Land Assessment
£7,439,360
Improvements Assessment
£3,223,719
Total Assessment
£10,663,078
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