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The Rexford Residences 419 S Rexford Dr

8 Unit Block of Flats £3,333,237 (£416,655/Unit) 4.13% Net Initial Yield Beverly Hills, CA 90212

Investment Highlights

  • Tastefully renovated, pride of ownership Beverly Hills Asset
  • (5) of the (8) units feature central HVAC, in residence washer & dryers and beautifully renovated interiors.
  • Close walking distance to Beverly Hills Golden Triangle shops and restaurants.
  • Substantial infrastructure improvements, all of which were permitted, includes: new roof, new electrical & the majority of the plumbing.
  • Separate meters for Gas & Electricity, Individual water heaters and parking for each unit.

Executive Summary

Welcome to The Rexford Residences, an exceptional 8-unit multifamily income property
ideally located just south of Olympic Blvd and West of Doheny Drive in Beverly Hills.
Offering a coveted location within walking distance of the prestigious Beverly Hills
Golden Triangle, this property is surrounded by upscale shops and renowned restaurants.
The Rexford Residences feature (8) one-bedroom, one-bath units, five of which have
been tastefully renovated to enhance modern living. Recent improvements include a
new roof, brand new electrical systems, and upgraded plumbing throughout most of
the property.
Inside the renovated units, residents enjoy contemporary amenities such as stainless
steel appliances, hardwood floors, central HVAC systems and the convenience of inresidence
washers and dryers. These enhancements complement the classic charm of
the building, making The Rexford Residences a desirable choice for those seeking luxury
and convenience in Beverly Hills.
Don’t miss the opportunity to own this meticulously maintained income property in one
of Southern California’s most prestigious neighborhoods.

Property Facts

Price £3,333,237
Price Per Unit £416,655
Sale Type Investment
Net Initial Yield 4.13%
Gross Rent Multiplier 15.72
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 5,511 SF
Number of Floors 2
Year Built 1954
Parking Ratio 1.45/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Crown Moulding
  • Kitchen
  • Granite Countertops
  • Wooden Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 8 £1,985 1
Walk Score ®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4330-033-004
Land Assessment
£1,768,213
Improvements Assessment
£826,605
Total Assessment
£2,594,818

zoning

Zoning Code BHR4YY
BHR4YY
  • Listing ID: 32469327

  • Date on Market: 15/07/2024

  • Last Updated:

  • Address: 419 S Rexford Dr, Beverly Hills, CA 90212

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