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Elm Drive Apartments 253 S Elm Dr

4 Unit Apartment Building $3,862,606 CAD ($965,651 CAD/Unit) 3.28% Cap Rate 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.

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
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 (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,862,606 CAD
Price Per Unit $965,651 CAD
Sale Type Investment
Cap Rate 3.28%
Gross Rent Multiplier 17.75
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.14 AC
Building Size 4,049 SF
Average Occupancy 100%
No. Stories 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
Walk Score ®
Very Walkable (89)
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
4331-009-015
Land Assessment
$3,441,108 CAD
Improvements Assessment
$1,023,268 CAD
Total Assessment
$4,464,376 CAD

zoning

Zoning Code BHR4YY
BHR4YY
  • Listing ID: 33156001

  • Date on Market: 2024-09-12

  • Last Updated:

  • Address: 253 S Elm Dr, Beverly Hills, CA 90212

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