Property Detail

Description

CALL FOR OFFERS DUE THURSDAY MARCH 26th 5PM PST. This incredibly rare 5.11% cap rate multifamily asset at 121 S Elm Drive is just steps from the Golden Triangle of Beverly Hills. Originally built in 1928, the building boasts 16 single units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor looking for prime real estate that is completely remodeled and available at very good return. A quick walk to Rodeo Drive and the shops of the Golden Triangle this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in the world.