308 S Reeves Dr, Beverly Hills, CA 90212

308 S Reeves Dr, Beverly Hills, CA 90212

Beverly Hills, CA
$3,625,000

Property Description

Highest Cap Rate in Beverly Hills! Over $400,000 in Recent Upgrades/Renovations! 308 S Reeves Dr is an 8 Unit Apartment Building built in 1939. The property is located in an A+ Beverly Hills Location just north of Olympic Blvd and East of S Beverly Dr. The property offers an excellent unit mix comped of all Studio & 1 Bedroom / 1 Bathroom units. Spacious Units Averaging Approx. 701 SF Each. 5 of 8 Units Extensively Renovated. New Plumbing (5 Renovated Units), New Paint, New Landscaping. Carport in back offers 6 Parking Spaces. Potential ADU Opportunities

Property Features

  • Sale Price: $3,625,000
  • Area Size: 5,606 Sq Ft
  • Land Area: 6,070 sq ft lot
  • Year Built: 1939
  • Units: 8
  • Current GRM: 14.54
  • Current Cap Rate: 4.53%
  • Price Per Unit: $486,875

Lyon Stahl Investment Real Estate

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