236 S Spalding Dr, Beverly Hills, CA 90212

236 S Spalding Dr, Beverly Hills, CA 90212

Beverly Hills, CA
$3,215,000

Property Description

236 S Spalding Drive is a 5-unit located in Beverly Hills. The building is situated on a 6,290 square foot lot. The subject proper ty is composed of (1) 3 bedroom and 2.5 bath unit, (1) 3 bedroom and 2 bath unit, (1) 2 bedroom + 2 bath unit, and (2) studios. The front building was built in 1937 and the back building was built in 1956.The property has 6,737 square feet of living space. The units are very large with each of the 3 bedroom units being over 2,000 square feet. There are 5 carport spaces in the back. Each unit gets 1 carport parking space. The carports can be converted into 2 ADU’s, please verify with the city. The rents are slightly below market giving this property around 28% rental upside.

Property Features

  • Sale Price: $3,215,000
  • Area Size: 6,290 Sq. Ft.
  • Land Area: 6,737 Sq. Ft.
  • Year Built: 1937
  • Listing Date: 9/14/2022
  • Closing Date: 11/23/2022
  • Units: 5
  • Current GRM: 20.25
  • Current Cap Rate: 3.20%

Lyon Stahl Investment Real Estate

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