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240 S Tower Dr, Beverly Hills, CA 90211

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For Sale

$2,195,000

6 beds • 4,343 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $505.41
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

1929 Character Spanish 4-unit pride of ownership building in the city of Beverly Hills. Upstairs: 1 bed 1 bath unit that was extensively remodeled in the last 7 years ($2,700 monthly rent) and a charming 2 bed 1 bath ($2,370 monthly rent). Downstairs: cozy 1 bed 1 bath unit that has some recent updates to the kitchen ($2,550 monthly rent) and a 2 bed 2 bath+ Office unit with private patio ($2,390 monthly rent). 3 of the 4 units have their own private laundry. All units have central AC. Roof for Building and Garage replaced in 2022. Property was fumigated in 2023. Estimated annual expenses are $11,500 for water, gardener, insurance, pest, and common electrical. Owner has maintained and upgraded property over the years by installing dual paned windows in some units, painting, installing newer appliances and remodeling in some of the units. Garage has 2 tandem spaces fitting 4 cars as well as storage. Located close to Rodeo Drive, Century City, La Cienega Park & Tennis Courts, Cedars Sinai, Restaurant Row, Miracle Mile, West Hollywood, Pico-Robertson, LACMA, and the upcoming "Purple" Metro Subway Line. Incredible opportunity to own income property in the city of Beverly Hills with its award-winning schools, fire, police, and city services. The building is currently 100% tenant occupied. Access to property with accepted offer only.
MLS# 24-373499

Courtesy Of Compass

(323) 593-6999

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Spanish
  • Cooling System
    Central A/C
  • Floor Covering
    Hardwood
  • Heating System
    Central Furnace
  • Lot Size
    0.16 Acres
  • Roof Type
    Unknown
  • Rooms
    Bedroom

Map and Directions

Directions to 240 S Tower Dr, Beverly Hills, CA 90211

Home seller CENTURY 21 Hollywood

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CENTURY 21 Hollywood

(323) 462-7436
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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