For Sale Property MLS# PW26197918

329 S Rexford Drive

Beverly Hills, CA 90212

$4,800,000

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About 329 S Rexford Drive

This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market. The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset. Ideally situated in one of Beverly Hills’ most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property’s relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles’ most sought-after amenities and employment hubs. With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.

Property details

Property

Type
Mixed Use
MLS type
Other
Status
Active
Year built
1960
Stories
2
Living area
8,921 sqft
Price / sqft
$538
Lot
0.1394
Original price
$4,800,000
MLS #
PW26197918

Interior

Features
Inside
Laundry
Inside

Exterior & lot

Features
Parking spaces: 0
Construction
2
Lot
4331011008

Schools

District
Beverly Hills Unified School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Parcel
4331011008
Special conditions
Standard

Location

Area
C01 - Beverly Hills
County
Los Angeles
Directions
South of Olympic Blvd, between Rexford Dr & S Beverly Dr.

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Listed by Woody Stahl, Lyon Stahl Investment Real Est

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.