233 Gale Drive , Beverly Hills, CA - 90211 is For Sale

  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
  • 24437987
$2,436,000· Income property

Description

We are pleased to present the exclusive listing of 233 South Gale Drive in Beverly Hills. Built in 1947, this French Normandy-style triplex offers a unique blend of historic charm and modern amenities. The property consists of three distinct units, totaling 3,964 rentable square feet on a 5,841 square foot lot. The triplex features a three-bedroom, two-bathroom unit, a two-bedroom, one-bathroom unit, and a one-bedroom, one-bathroom unit. The three-bedroom unit occupies the entire top floor, offering expansive living space with abundant natural light. It features original tilework in the kitchen and bathrooms, two separate entrances, and in-unit laundry, contributing to its attractiveness. The property maintains its historic charm with features like crown moldings, faux fireplaces, and vintage ceramic tiles while incorporating modern upgrades. The two-bedroom unit is front-facing, provides plenty of natural light, and boasts restored hardwood flooring, vintage crown molding, and 1940s ceramic tile. This unit also has access to a front garden, covered parking, and private entrance, enhancing its appeal to potential tenants. The one-bedroom unit benefits from newly refinished hardwood floors, upgraded kitchen flooring, and new window coverings. It also includes a newly installed alarm system and in-unit laundry facilities, making it a comfortable and modern living space. The Beverly Hills location adds significant value, as the area is known for its luxury real estate and high rental demand. The mix of unit sizes and attractive features positions this triplex as a strong candidate for generating stable rental income. The blend of classic style and contemporary upgrades makes 233 South Gale Drive a standout property in the competitive rental market of Beverly Hills. Ideally located 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard. The property is steps away from La Cienega Park, and minutes from Rodeo Drive, The Grove, the Beverly Center, and West Hollywood. Beverly Hills provides a blend of high-end dining, luxury shopping such as Spago Beverly Hills, Mastro's Steakhouse, The Bazaar by Jos Andrs and Nobu Beverly Hills. This sought-after area is synonymous with high-end living, featuring a blend of historic charmed modern sophistication. Residents can also explore a range of cultural attractions including the historic Saban Theater, the Beverly Hills Hotel, the Greystone Mansion, the Getty Center, the Hollywood Bowl and Museum Row on the Miracle Mile which includes Los Angeles County Museum of Art (LACMA), La Brea Tar Pits, The Petersen Automotive Museum and the Academy Museum of Motion Pictures. The property benefits from excellent connectivity to major roads, including Santa Monica Boulevard and Wilshire Boulevard, as well as easy access to the 405 and 10 Freeways.

Features

MLS#: 24437987
List Price : $2,436,000
Total Units : 3
CAP rate : $3.02
Gross Operating Income : $118,903
Net Operating Income : $73,667
Sq M : 542 M2
Year Built : 1947
Days on market : 88 Days
Gross taxes : N/A
Address : 233 Gale Drive
City : Beverly Hills
State : CA
Zip Code : 90211
Neighborhood : N/A
Stories : 2
Parking Features : Covered
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $2,436,000
Acres : 0.1338
Lot Size (Acres) : 0.1338
Heating : Central
Parking Features : Covered
Driving Directions : 2 blocks east of La Cienega Boulevard, and 1 block south of Wilshire Boulevard
 
Courtesy of : Eliyahu Appel , Marcus & Millichap

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