Property listed by Equity Union, Eliyahu Appel 818-989-2000
$3,400,000
205 S Reeves Drive is a charming four-unit multifamily asset situated in one of Southern California's most coveted, supply-constrainedrental markets. Originally constructed in 1935, the property benefits from classic Spanish-style architecture and a premier Beverly Hillslocation a few steps from South Beverly Drive's dining, retail, and lifestyle amenities. This exceptional… Read More positioning continues to drive strongand consistent tenant demand supported by walkability, proximity to employment centers, and the city's high barriers to new development.The asset features an attractive and highly desirable unit mix anchored by larger-format residences rarely found in comparable four-unitproperties. The configuration includes two expansive three-bedroom units (one 3-bedroom/3-bath and one 3-bedroom/2-bath), comple-mented by a 2-bedroom/1-bath and a 1-bedroom/1-bath unit.These larger layouts appeal to families, professionals, and long-term tenants, contributing to reduced turnover, durable income, and mean-ingful upside through interior renovation and rental growth.Residences are equipped with air conditioning and heating, functional kitchens, and select fireplaces, enhancing livability and tenantcomfort. Additional amenities include in-unit and on-site laundry, covered parking, and a private central courtyardfeatures that furthersupport tenant retention and long-term occupancy. Period finishes and Spanish architectural details differentiate the property fromsurrounding multifamily inventory while preserving its timeless Beverly Hills character.Located south of Wilshire Boulevard and adjacent to Beverly Hills' Golden Triangle business district, 205 S Reeves Drive offers walkableaccess to major employment hubs, parks, high-end retail, and renowned cultural destinations. Tenants benefit from immediate proximity toUrth Caff, Chaumont Bakery & Caf, Parakeet Caf, and Maru Espresso Bar, as well as top dining destinations including Bacari BeverlyHills, Matu, and All'Antico Vinaio. Daily conveniences such as Whole Foods Market, Pavilions, Beverly Canon Gardens, and world-classshopping along Rodeo Drive further reinforce the property's exceptional livability.Situated in an irreplaceable Beverly Hills location, 205 S Reeves Drive offers the opportunity to acquire a distinguished multifamily assetdefined by long-term desirability, timeless character, and enduring value in a tightly held Los Angeles submarket. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
9
Square Ft.
5,301
Lot Size
0.14 Acres
Year Built
1935
MLS Number
26840051
Additional Details
Building
Built in 1935, Living area: 5301.0, 1 building, 2 stories, Levels: MultiSplit
Cooling
None
Heating
None
Income
Gross Income: $208,824, Net Operating Income: $138,816
Lot
0.1391 acres
Parking
5 total parking spaces
Taxes
Parcel Number: 4331003002, Zoning: BHR4YY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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