Beverly Hills, CA 90212 253 S Elm Drive
$2,875,000
Presented By: Justin Seigel with ADR/Preferred Bus.Prop; 818-599-6466
Home Details
253 S Elm is a prime investment opportunity in the coveted Beverly Hills neighborhood. Located just a few blocks from Wilshire Blvd, this fourplex offers close proximity to Beverly Hills’ premier shopping, dining, and entertainment destinations. The property consists of three spacious 2-bedroom, 2-bath units and one well-appointed 1-bedroom, 2-bath unit, all with substantial upside potential.
A detached four-car garage at the rear provides an excellent opportunity for additional income through ADU conversions (buyer to verify). Each unit is thoughtfully designed with open floor plans, individual gas and electric meters, central air and heating, and in-unit washer/dryers.
The property’s strategic location within the growing and highly sought-after Beverly Hills rental market ensures continued strong demand. Tenants enjoy easy access to upscale businesses, renowned dining options, and major employment centers.
253 S Elm is available individually or as a package with the nearby fourplex at 148 S Maple, offering expanded investment possibilities.
Contact for OMs.
DISCLAIMER: The broker and broker’s agents do not guarantee the accuracy of square footage, bedroom/bathroom counts, lot size, or dimensions. Buyers are strongly advised to conduct their own independent investigations to verify all information. This includes inspections and consultations with appropriate licensed professionals. Prior to closing escrow, buyers should ensure all aspects of the property meet their satisfaction through thorough verification.
Presented By: Justin Seigel with ADR/Preferred Bus.Prop; 818-599-6466
Interior Features for 253 S Elm Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 253 S Elm Drive
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.05
Carport Y/NNo
CityBeverly Hills
Community FeaturesSidewalks
CoolingCentralAir
CountyLos Angeles
Days on Market1
DirectionsMain Streets: Between Wilshire and Olympic bordered by Beverly and Doheny.
Entry LocationFront
Garage Spaces4.0
Garage Y/NYes
Gross Income153504.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense7000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6073.0
Lot Size UnitsSquareFeet
MLS AreaC01 - Beverly Hills
MobileHomeRemainsYNNo
Net Operating Income87699.0
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
Operating Expense61200.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerUnknown
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot1594
Tenant PaysElectricity, Gas
TermsCash, CashtoNewLoan, Conventional
Total Actual Rent12792.0
Trash Expense0.0
View Y/NNo
Water Sewer Expense7200.0
Waterfront Y/NNo
Year Built1936
Year Built SourcePublicRecords
ZoningBHR4YY
Exterior for 253 S Elm Drive
Building Area Total4049.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.1394
Lot Size Area6073.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking4.0
Water SourceOther
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480