Multifamily
224 S Gale Dr
224 S Gale Dr, Beverly Hills, CA 90211
Listing Price: $2,236,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of 224 South Gale Drive. Built in 1926, this property consists of four distinct units, totaling 3,447 rentable square feet on a 6,496 square foot lot.
224 S. Gale Dr. in Beverly Hills, CA, is an attractive four-unit apartment building in a highly sought-after location. The property consists of two 2-bedroom/1-bathroom units, one of which is vacant, and two 1-bedroom/1-bathroom units. The building features four parking spots in the rear, window unit air conditioners, wall heaters, refinished hardwood floors and bright, airy living rooms with plenty of natural light and windows in every room, adding to its appeal. The owner is responsible for paying water, trash, and gardener expenses, which should be factored into the overall operating costs.
The Beverly Hills location adds significant value, as the area is known for its luxury real estate and high rental demand. Ideally located 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard. The property is steps away from La Cienega Park, and minutes from Rodeo Drive, The Grove, the Beverly Center, and West Hollywood. Beverly Hills provides a blend of high-end dining, luxury shopping such as Spago Beverly Hills, Mastro's Steakhouse, The Bazaar by José Andrés and Nobu Beverly Hills. This sought-after area is synonymous with high-end living, featuring a blend of historic charm and modern sophistication. Residents can also explore a range of cultural attractions including the historic Saban Theater, the Beverly Hills Hotel, the Greystone Mansion, the Getty Center, the Hollywood Bowl and Museum Row on the Miracle Mile which includes Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, The Petersen Automotive Museum and the Academy Museum of Motion Pictures. The property benefits from excellent connectivity to major roads, including Santa Monica Boulevard and Wilshire Boulevard, as well as easy access to the 405 and 10 Freeways
224 S Gale Dr
Investment Highlights
- Situated 2 blocks east of La Cienega Blvd & 1 block south of Wilshire Blvd, this property offers easy access to iconic locations such as Rodeo Drive, The Grove, the Beverly Center, and West Hollywood.
- Beverly Hills is a high-demand area for luxury rental properties, with a blend of historic charm and modern sophistication that attracts both residents and investors.
- The property provides four parking spots in the rear, a valuable amenity in Beverly Hills. The owner covers the costs of water, trash, and gardening, which should be considered when evaluating opex.
- The vacant 2-bedroom/1-bathroom unit offers immediate leasing potential, with rent increases expected given the property's location and desirable features.
- With its prime location and potential for rent growth, the property offers an attractive return on investment.
- Given Beverly Hills' reputation as a premier residential area, the property is well-positioned for long-term appreciation.
Exclusively Listed By
Financing By
Listing Price: $2,236,000
Investment Highlights
- Situated 2 blocks east of La Cienega Blvd & 1 block south of Wilshire Blvd, this property offers easy access to iconic locations such as Rodeo Drive, The Grove, the Beverly Center, and West Hollywood.
- Beverly Hills is a high-demand area for luxury rental properties, with a blend of historic charm and modern sophistication that attracts both residents and investors.
- The property provides four parking spots in the rear, a valuable amenity in Beverly Hills. The owner covers the costs of water, trash, and gardening, which should be considered when evaluating opex.
- The vacant 2-bedroom/1-bathroom unit offers immediate leasing potential, with rent increases expected given the property's location and desirable features.
- With its prime location and potential for rent growth, the property offers an attractive return on investment.
- Given Beverly Hills' reputation as a premier residential area, the property is well-positioned for long-term appreciation.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of 224 South Gale Drive. Built in 1926, this property consists of four distinct units, totaling 3,447 rentable square feet on a 6,496 square foot lot. 224 S. Gale Dr. in Beverly Hills, CA, is an attractive four-unit apartment building in a highly sought-after location. The property consists of two 2-bedroom/1-bathroom units, one of which is vacant, and two 1-bedroom/1-bathroom units. The building features four parking spots in the rear, window unit air conditioners, wall heaters, refinished hardwood floors and bright, airy living rooms with plenty of natural light and windows in every room, adding to its appeal. The owner is responsible for paying water, trash, and gardener expenses, which should be factored into the overall operating costs. The Beverly Hills location adds significant value, as the area is known for its luxury real estate and high rental demand. Ideally located 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard. The property is steps away from La Cienega Park, and minutes from Rodeo Drive, The Grove, the Beverly Center, and West Hollywood. Beverly Hills provides a blend of high-end dining, luxury shopping such as Spago Beverly Hills, Mastro's Steakhouse, The Bazaar by José Andrés and Nobu Beverly Hills. This sought-after area is synonymous with high-end living, featuring a blend of historic charm and modern sophistication. Residents can also explore a range of cultural attractions including the historic Saban Theater, the Beverly Hills Hotel, the Greystone Mansion, the Getty Center, the Hollywood Bowl and Museum Row on the Miracle Mile which includes Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, The Petersen Automotive Museum and the Academy Museum of Motion Pictures. The property benefits from excellent connectivity to major roads, including Santa Monica Boulevard and Wilshire Boulevard, as well as easy access to the 405 and 10 Freeways
Exclusively Listed By
Financing By
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