253 S Elm Drive, Beverly Hills, CA 90212 (MLS # SR24189774)
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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.*We anticipate that we can deliver one 2-bed unit vacant on or before December 15th. 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.
| DAYS ON MARKET | 103 | LAST UPDATED | 11/22/2024 |
|---|---|---|---|
| YEAR BUILT | 1936 | COMMUNITY | Beverly Hills |
| GARAGE SPACES | 4.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Nov 22, '24 | $2,875,000 |
|---|---|
| Nov 22, '24 - Today | $2,725,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| AREA | Beverly Hills |
| GARAGE | Garage, Yes |
| HEAT | Central |
| LOT | 6073 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 2 |
| WATER | Other |
| ZONING | BHR4YY |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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