$2,650,000
$2,725,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
8 Baths
SOLD DATE : 03/28/2025
Key Details
Sold Price $2,650,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24189774
Sold Date 03/28/25
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
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. 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 propertys 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. Contact for OMs. DISCLAIMER: The broker and brokers 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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Main Streets: Between Wilshire and Olympic bordered by Beverly and Doheny.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with Justin Seigel ADR/Preferred Bus.Prop