253 S Elm Drive, Beverly Hills, CA 90212
- $2,650,000
- Sold Price
- $2,650,000
- List Price
- $2,725,000
- Closing Date
- Mar 28, 2025
- Status
- CLOSED
- MLS#
- SR24189774
- Year Built
- 1936
- Lot Size
- 6,073
- Acres
- 0.14
- Lot Location
- Front Yard
- Days on Market
- 178
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Just reduced! 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. 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.
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Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 4
- Sewer
- Unknown
- Water
- Other
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $153,504
- Operating Expense
- 59400
Listing courtesy of Listing Agent: Justin Seigel (justins@adrproperties.com) from Listing Office: ADR/Preferred Bus.Prop.
Listing sold by Justin Seigel from ADR/Preferred Bus.Prop
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.