Elm Drive Apartments | 253 S Elm Dr
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Elm Drive Apartments 253 S Elm Dr
4 Unit Block of Flats £2,132,176 (£533,044/Unit) 3.28% Net Initial Yield Beverly Hills, CA 90212
Investment Highlights
- Highly Desirable Beverly Hills Location
- Garages in rear
- Significant upside potential
Executive Summary
Just reduced! 253 S Elm is a prime investment opportunity in the coveted Beverly Hills neighborhood. Located just a few blocks from Wilshire Blvd, this fourplex offers close proximity to Beverly Hills’ premier shopping, dining, and entertainment destinations. The property consists of three spacious 2-bedroom, 2-bath units and one well-appointed 1-bedroom, 2-bath unit, all with substantial upside potential.
*We anticipate that we can deliver one 2-bed unit vacant on or before December 15th.
A detached four-car garage at the rear provides an excellent opportunity for additional income through ADU conversions (buyer to verify). Each unit is thoughtfully designed with open floor plans, individual gas and electric meters, central air and heating, and in-unit washer/dryers.
The property’s strategic location within the growing and highly sought-after Beverly Hills rental market ensures continued strong demand. Tenants enjoy easy access to upscale businesses, renowned dining options, and major employment centers.
253 S Elm is available individually or as a package with the nearby fourplex at 148 S Maple, offering expanded investment possibilities.
Email Justin for OMs: justins@adrproperties.com
DISCLAIMER: The broker and broker’s agents do not guarantee the accuracy of square footage, bedroom/bathroom counts, lot size, or dimensions. Buyers are strongly advised to conduct their own independent investigations to verify all information. This includes inspections and consultations with appropriate licensed professionals. Prior to closing escrow, buyers should ensure all aspects of the property meet their satisfaction through thorough verification.
Showing Instructions: Drive-by only. Do not disturb tenants. Inside with accepted offer.
*We anticipate that we can deliver one 2-bed unit vacant on or before December 15th.
A detached four-car garage at the rear provides an excellent opportunity for additional income through ADU conversions (buyer to verify). Each unit is thoughtfully designed with open floor plans, individual gas and electric meters, central air and heating, and in-unit washer/dryers.
The property’s strategic location within the growing and highly sought-after Beverly Hills rental market ensures continued strong demand. Tenants enjoy easy access to upscale businesses, renowned dining options, and major employment centers.
253 S Elm is available individually or as a package with the nearby fourplex at 148 S Maple, offering expanded investment possibilities.
Email Justin for OMs: justins@adrproperties.com
DISCLAIMER: The broker and broker’s agents do not guarantee the accuracy of square footage, bedroom/bathroom counts, lot size, or dimensions. Buyers are strongly advised to conduct their own independent investigations to verify all information. This includes inspections and consultations with appropriate licensed professionals. Prior to closing escrow, buyers should ensure all aspects of the property meet their satisfaction through thorough verification.
Showing Instructions: Drive-by only. Do not disturb tenants. Inside with accepted offer.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,132,176 | Building Class | C |
Price Per Unit | £533,044 | Lot Size | 0.14 AC |
Sale Type | Investment | Building Size | 4,049 SF |
Net Initial Yield | 3.28% | Average Occupancy | 100% |
Gross Rent Multiplier | 17.75 | Number of Floors | 1 |
No. Units | 4 | Year Built | 1936 |
Property Type | Residential | Parking Ratio | 1/1,000 SF |
Property Subtype | Apartment |
Price | £2,132,176 |
Price Per Unit | £533,044 |
Sale Type | Investment |
Net Initial Yield | 3.28% |
Gross Rent Multiplier | 17.75 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 4,049 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1936 |
Parking Ratio | 1/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+2 | 3 | - | 1,100 |
1+2 | 1 | - | 750 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
Parcel Number | 4331-009-015 | Improvements Assessment | £569,295 |
Land Assessment | £1,914,459 | Total Assessment | £2,483,754 |
PROPERTY TAXES
Parcel Number
4331-009-015
Land Assessment
£1,914,459
Improvements Assessment
£569,295
Total Assessment
£2,483,754
zoning
Zoning Code | BHR4YY |
BHR4YY |
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Elm Drive Apartments | 253 S Elm Dr
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