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REDUCED $500K 19 Large Units in Bev. Hills 132 S Spalding Dr 23 Unit Apartment Building $12,750,000 ($554,348/Unit) Beverly Hills, CA 90212




INVESTMENT HIGHLIGHTS
- Character property with a tremendous unit mix in one of the most resilient and globally recognized real estate markets
- A walker’s paradise: Steps to Rodeo Drive, The Peninsula Hotel, Century City, the upcoming One Beverly Hills & Aman Hotel, and Wilshire/Rodeo Metr
- Huge parcel zoned R4YY, allowing for redevelopment flexibility
- Located on coveted South Spalding Drive, a serene, tree-lined street in the heart of the Westside
- Multiple vacancies provide a unique opportunity to begin renovations and reposition the asset immediately
- Natural light throughout, expansive interiors, and period details such as crown moldings, fireplaces, and large bay windows
EXECUTIVE SUMMARY
INCREDIBLE PRICING. JUST REDUCED $500K. A+ LOCATION. Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, Inc. is pleased to present a rare, generational multifamily investment at 132 South Spalding Drive, nestled in the prestigious heart of Beverly Hills. This property is ideally located on one of the most coveted streets in all of Los Angeles, offering discerning investors multiple pathways to capitalize on some of the highest rental demand in the city. Situated along along a beautiful, tree-lined setting, the property boasts an exceptional unit mix with expansive floor plans drenched in natural light. 132 S Spalding Drive is comprised of 19 units, featuring an outstanding blend of mostly three-bedroom, two-bedroom, and one-bedroom apartments arranged around a charming central courtyard and meticulously landscaped grounds. Many units retain classic design details such as original hardwood floors, crown moldings, fireplaces, spacious kitchens and baths, and large bay windows. A rare amenity for its vintage, the building also includes a subterranean garage with ample assigned parking. With multiple vacancies, investors are presented with a prime value-add opportunity. Immediate upside can be captured by renovating the units, common areas, and infrastructure unlocking significant rental potential while preserving the historic character of the buildings. Beverly Hills remains a global symbol of luxury, lifestyle, and enduring real estate value. Just steps from iconic RodeoDrive, the Spalding property enjoys unparalleled walkability and access to world-class shopping, five-star dining, cultural landmarks, and thriving business districts. The forthcoming One Beverly Hills mega-development will further enhance the area's prestige, introducing new luxury residences, premium retail, and state-of-the-art office space. A short drive connects residents to Century City's booming commercial core, the vibrant Sunset Strip's entertainment scene, and the coastal beauty of Santa Monica Beach. Simply put, this location offers unmatched connectivity, prestige, and long-term value in a market that continues to outperform. This offering truly combines timeless Beverly Hills charm with upside potential ideal for investors seeking long-term value, luxury appeal, and an unbeatable location.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$775,680
![]() |
$25.30
![]() |
Other Income |
$1,388
![]() |
$0.05
![]() |
Vacancy Loss |
$23,270
![]() |
$0.76
![]() |
Effective Gross Income |
$753,798
![]() |
$24.58
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$264,847
![]() |
$8.64
![]() |
Net Operating Income |
$488,951
![]() |
$15.95
![]() |
FINANCIAL SUMMARY (PRO FORMA - 2025)
Gross Rental Income | |
---|---|
Annual | $775,680 |
Annual Per SF | $25.30 |
Other Income | |
---|---|
Annual | $1,388 |
Annual Per SF | $0.05 |
Vacancy Loss | |
---|---|
Annual | $23,270 |
Annual Per SF | $0.76 |
Effective Gross Income | |
---|---|
Annual | $753,798 |
Annual Per SF | $24.58 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $264,847 |
Annual Per SF | $8.64 |
Net Operating Income | |
---|---|
Annual | $488,951 |
Annual Per SF | $15.95 |
PROPERTY FACTS
Price | $12,750,000 | Building Class | C |
Price Per Unit | $554,348 | Lot Size | 0.43 AC |
Sale Type | Investment | Building Size | 25,520 SF |
No. Units | 23 | Average Occupancy | 53% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1937 |
Apartment Style | Low-Rise | Parking Ratio | 0.62/1,000 SF |
Zoning | R4, Beverly Hills |
Price | $12,750,000 |
Price Per Unit | $554,348 |
Sale Type | Investment |
No. Units | 23 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.43 AC |
Building Size | 25,520 SF |
Average Occupancy | 53% |
No. Stories | 2 |
Year Built | 1937 |
Parking Ratio | 0.62/1,000 SF |
Zoning | R4, Beverly Hills |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
4+3.5 | 1 | - | 2,260 |
3+3.5 | 1 | - | 2,260 |
3+2 | 2 | - | 1,600 |
2+2 | 4 | - | 1,230 |
2+1.5 | 1 | - | 1,160 |
2+1 | 3 | - | 1,114 |
1+1 | 6 | - | 753 |
Studios | 1 | - | 500 |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
Parcel Number | 4328-009-014 | Improvements Assessment | $4,268,939 (2024) |
Land Assessment | $9,851,408 (2024) | Total Assessment | $14,120,347 (2024) |
PROPERTY TAXES
Parcel Number
4328-009-014
Land Assessment
$9,851,408 (2024)
Improvements Assessment
$4,268,939 (2024)
Total Assessment
$14,120,347 (2024)
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REDUCED $500K 19 Large Units in Bev. Hills | 132 S Spalding Dr
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