215 Swall DrBeverly Hills, CA 90211

  • Residential income properties
  • 5,226 SF
For Sale
$3,000,000 View listing

Property Details for 215 Swall Dr

Year built
1937
Lot size
0.13 AC
Property size (Sq ft)
5,226 SF
Zone code
BHR4YY
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
4335-021-008
APU
4335021008

Description

This exceptional Class A, multifamily investment property, located at 215 N Swall Dr, Beverly Hills, CA 90211, presents a rare opportunity. The property consists of two three-story buildings totaling 5,226 square feet on a 5,744 square foot lot (APN 4335-021-008). Built in 1937, this 5-unit apartment building features five bright, one-bedroom, one-bathroom units, each with hardwood floors, original moldings, and private laundry. Each unit also includes one covered garage space located at the rear of the property, with one unit situated above a garage. The property boasts a desirable Beverly Hills location, within walking distance of upscale shopping, dining, and medical facilities, ensuring a consistently high demand for rental units. The current asking price is $3,000,000, with a 2.00% cap rate. The property is zoned BHR4YY, offering potential for future development. This presents a strong investment opportunity with significant upside potential in rental income, ideal for an owner-user or investor seeking a prime Beverly Hills location. All information should be independently verified by the buyer.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,877,584
    6.5%
    $1,733,154
    7%
    $1,609,358
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,540,353
    Geo Method
    $1,540,353
  • Alternative Use

    Use
    Valuation
    Residential
    $1,733,154
    Hospitality
    $1,587,560
    Educational
    $1,320,831
    Medical
    $1,366,257
    Retail
    $2,054,626
215 Swall Dr, Beverly Hills, California

Location Insight

City
Beverly Hills
County
Los Angeles
State
California
Latitude
34.0697
Longitude
-118.386
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,513
$1,664,640
$723,078
$2,387,718
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