Active

253 S Elm Drive

Beverly Hills CA, 90212

$2,725,000


$673.01 per sqft

Active

4,049 sqft

Multi-family

Built in 1936

Listed by Justin Seigel with ADR/Preferred Bus.Prop 818-599-6466

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. Date TBD.

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.

SR24189774

MLS ID

September 12, 2024

Listed

January 14, 2025

Updated

Map

253 S Elm Drive
Beverly Hills CA, 90212

Interior Features

Total Stories

2


Appliances

Dryer, Washer


Laundry Description

Inside


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Front Yard


Sewer

Unknown

Other Property Details

Area Name

C01 - Beverly Hills


Days on Market

123


Garage

Yes


Garage Spaces

4


Parking

Garage


Parking Total

4


View

No


County

Los Angeles


Water Source

Other


Pool

No


Pool Features

None


Zoning

BHR4YY

Listing History

Date

Event

Price

11/22/2024

Price change

$2,725,000

-6%

Listing Contact: 818-715-0965 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/14/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 1/14/2025 at 1:51 AM UTC

 

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