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$ 2,695,000
Est. payment /mo
New
215 S Gale DR Beverly Hills, CA 90211
8 Beds
4 Baths
4,656 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,656 sqft
Price per Sqft $578
MLS Listing ID 26104094
Bedrooms 8
HOA Y/N No
Year Built 1935
Lot Size 6,503 Sqft
Property Description
Exceptional Investment Opportunity in the Highly Desirable La Cienega Park Neighborhood of Beverly Hills! Tucked away in a serene residential setting, this four-unit income property offers the perfect blend of classic character, modern convenience, and tremendous investment potential. Situated on a generous 6,503-square-foot lot, the property features approximately 4656B square feet of existing living space, consisting of four side-by-side, two-story townhouse-style units, all approximately the same size. Two units offer two bedrooms and one bathroom, while the other two completely remodeled, feature two bedrooms and two bathrooms. Two of the four units are currently vacant and will be delivered vacant, offering immediate flexibility for investors or owner-users. These two units have been extensively remodeled, featuring thoughtfully renovated interiors, spacious bedrooms, beautiful hardwood flooring, fully equipped kitchens with appliances, and bright, inviting living spaces that create a warm and peaceful atmosphere. Major system upgrades include new HVAC systems, upgraded plumbing, new electrical wiring, and upgraded electrical panels, In unit Washer and Dryer ,providing modern comfort and convenience. An accessible basement offers additional flexibility for storage and everyday needs.A major highlight of this property is its RTI (Ready-to-Issue) plans for two additional ADUs, totaling approximately 2,200 square feet, through garage conversion and expansion. The proposed ADUs include one two-bedroom unit and one three-bedroom unit, presenting an incredible opportunity to transform this four-unit property into a six-unit income-producing investment. The neighboring property is already nearing completion of a similar development, featuring two stacked ADUs, one above the other, further highlighting the exciting potential of this value-add opportunity. Completing the proposed ADUs could significantly increase rental income, enhance property value, and improve capitalization rates, creating substantial long-term investment upside.An ideal opportunity for both investors and owner-users! Live in one of the beautifully remodeled vacant units while collecting rental income from the other three, or lease all four existing units to maximize immediate income potential. For investors seeking additional growth, the RTI plans provide an opportunity to add two more income-producing units and unlock the property's full potential.Ideally located just south of Wilshire Boulevard in the peaceful La Cienega Park neighborhood of Beverly Hills, this property places you minutes from some of the city's finest dining, shopping, and everyday conveniences. South Beverly Drive offers a charming atmosphere filled with inviting cafes, renowned restaurants, specialty boutiques, and local favorites. Nearby grocery destinations include Whole Foods Market, Pavilions, and Erewhon, offering everything from everyday essentials to premium organic selections. Enjoy coffee or brunch at Urth Caffe, explore the many celebrated restaurants along South Beverly Drive, or head toward Rodeo Drive and the Golden Triangle for world-class shopping, dining, and entertainment. With convenient access to La Cienega Boulevard, Wilshire Boulevard, Westwood, Century City, and the greater Westside, this exceptional location offers the best of Beverly Hills living in a peaceful residential setting.A rare opportunity to acquire a beautifully four-unit income property with two vacant units, RTI plans for two additional ADUs, outstanding rental income potential, and significant value-add upside in one of Beverly Hills' most desirable neighborhoods. Whether you're seeking a smart investment, an owner-occupied income property, or a development opportunity with exceptional growth potential, this property truly offers it all!
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR475
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer
Exterior
Parking Features Covered
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4333029012
Special Listing Condition Standard
Listed by Dezireh Haghayeghi Keller Williams Beverly Hills #02083315