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Multifamily

205 S Reeves Dr

205 S Reeves Dr, Beverly Hills, CA 90212

Listing Price: $3,595,000

Cap Rate
3.79%
Number of Units
4
GRM
17.22
Price/Unit
$898,750
Price/Gross SF
$678.17
Gross SF
5,301

Investment Overview

205 S Reeves Drive is a charming four-unit multifamily asset situated in one of Southern California’s most coveted, supply-constrained rental markets. Originally constructed in 1935, the property benefits from classic Spanish-style architecture and a premier Beverly Hills location a few steps from South Beverly Drive’s dining, retail, and lifestyle amenities. This exceptional positioning continues to drive strong and consistent tenant demand supported by walkability, proximity to employment centers, and the city’s high barriers to new development.
The asset features an attractive and highly desirable unit mix anchored by larger-format residences rarely found in comparable four-unit properties. The configuration includes two expansive three-bedroom units (one 3-bedroom/3-bath and one 3-bedroom/2-bath), complemented by a 2-bedroom/1-bath and a 1-bedroom/1-bath unit. These larger layouts appeal to families, professionals, and long-term tenants, contributing to reduced turnover, durable income, and meaningful upside through interior renovation and rental growth.
Residences are equipped with air conditioning and heating, functional kitchens, and select fireplaces, enhancing livability and tenant comfort. Additional amenities include in-unit and on-site laundry, covered parking, and a private central courtyard—features that further support tenant retention and long-term occupancy. Period finishes and Spanish architectural details differentiate the property from surrounding multifamily inventory while preserving its timeless Beverly Hills character.
Located south of Wilshire Boulevard and adjacent to Beverly Hills’ Golden Triangle business district, 205 S Reeves Drive offers walkable access to major employment hubs, parks, high-end retail, and renowned cultural destinations. Tenants benefit from immediate proximity to Urth Caffé, Chaumont Bakery & Café, Parakeet Café, and Maru Espresso Bar, as well as top dining destinations including Bacari Beverly Hills, Matu, and All’Antico Vinaio. Daily conveniences such as Whole Foods Market, Pavilions, Beverly Canon Gardens, and world-class shopping along Rodeo Drive further reinforce the property’s exceptional livability.
Situated in an irreplaceable Beverly Hills location, 205 S Reeves Drive offers the opportunity to acquire a distinguished multifamily asset defined by long-term desirability, timeless character, and enduring value in a tightly held Los Angeles submarket.

Investment Highlights

  • Updated Unit Amenities — Units feature air conditioning, heating, functional kitchen appliances, and select fireplaces, meeting tenant expectations and supporting rentability.
  • In-Unit & On-Site Laundry — Select units include in-unit washer/dryer, with additional on-site laundry facilities providing everyday convenience and enhancing tenant retention.
  • Assigned Parking — Property offers covered and assigned parking, a high-value amenity that strengthens marketability in Beverly Hills' dense, supply-constrained environment.
  • Architectural Character — Spanish-style design elements, hardwood flooring, and period details differentiate the property from newer construction and support lifestyle-driven demand.
  • Private Courtyard Setting —Landscaped courtyard with seating creates a residential feel and enhances tenant experience uncommon among nearby multifamily offerings.
  • High Walkability Location — Walkable access to South Beverly Drive dining, retail, parks, and services reduces car dependency and supports rent premiums.

Exclusively Listed By

Financing By

Multifamily

205 S Reeves Dr

Listing Price: $3,595,000

Cap Rate
3.79%
Number of Units
4
GRM
17.22
Price/Unit
$898,750
Price/Gross SF
$678.17
Gross SF
5,301

Investment Highlights

  • Updated Unit Amenities — Units feature air conditioning, heating, functional kitchen appliances, and select fireplaces, meeting tenant expectations and supporting rentability.
  • In-Unit & On-Site Laundry — Select units include in-unit washer/dryer, with additional on-site laundry facilities providing everyday convenience and enhancing tenant retention.
  • Assigned Parking — Property offers covered and assigned parking, a high-value amenity that strengthens marketability in Beverly Hills' dense, supply-constrained environment.
  • Architectural Character — Spanish-style design elements, hardwood flooring, and period details differentiate the property from newer construction and support lifestyle-driven demand.
  • Private Courtyard Setting —Landscaped courtyard with seating creates a residential feel and enhances tenant experience uncommon among nearby multifamily offerings.
  • High Walkability Location — Walkable access to South Beverly Drive dining, retail, parks, and services reduces car dependency and supports rent premiums.

Investment Overview

205 S Reeves Drive is a charming four-unit multifamily asset situated in one of Southern California’s most coveted, supply-constrained rental markets. Originally constructed in 1935, the property benefits from classic Spanish-style architecture and a premier Beverly Hills location a few steps from South Beverly Drive’s dining, retail, and lifestyle amenities. This exceptional positioning continues to drive strong and consistent tenant demand supported by walkability, proximity to employment centers, and the city’s high barriers to new development. The asset features an attractive and highly desirable unit mix anchored by larger-format residences rarely found in comparable four-unit properties. The configuration includes two expansive three-bedroom units (one 3-bedroom/3-bath and one 3-bedroom/2-bath), complemented by a 2-bedroom/1-bath and a 1-bedroom/1-bath unit. These larger layouts appeal to families, professionals, and long-term tenants, contributing to reduced turnover, durable income, and meaningful upside through interior renovation and rental growth. Residences are equipped with air conditioning and heating, functional kitchens, and select fireplaces, enhancing livability and tenant comfort. Additional amenities include in-unit and on-site laundry, covered parking, and a private central courtyard—features that further support tenant retention and long-term occupancy. Period finishes and Spanish architectural details differentiate the property from surrounding multifamily inventory while preserving its timeless Beverly Hills character. Located south of Wilshire Boulevard and adjacent to Beverly Hills’ Golden Triangle business district, 205 S Reeves Drive offers walkable access to major employment hubs, parks, high-end retail, and renowned cultural destinations. Tenants benefit from immediate proximity to Urth Caffé, Chaumont Bakery & Café, Parakeet Café, and Maru Espresso Bar, as well as top dining destinations including Bacari Beverly Hills, Matu, and All’Antico Vinaio. Daily conveniences such as Whole Foods Market, Pavilions, Beverly Canon Gardens, and world-class shopping along Rodeo Drive further reinforce the property’s exceptional livability. Situated in an irreplaceable Beverly Hills location, 205 S Reeves Drive offers the opportunity to acquire a distinguished multifamily asset defined by long-term desirability, timeless character, and enduring value in a tightly held Los Angeles submarket.

Exclusively Listed By

Financing By

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