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29494955
29494961

205 S Reeves Dr, Beverly Hills, CA 90212

EA
CA CA 01918652
Equity Union
Listed by Equity Union
$3,400,000
126 days on market
Updated 9 days ago

205 S Reeves Dr

Details
APN 4331-003-002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,301
Net Rentable (SqFt) 5,301
Units 4
Cap Rate 4.01%
NOI $136,378
Occupancy 75%
Pro-Forma Cap Rate 6.31%
Pro-Forma NOI $214,585
Price per SqFt $641
Year Built 1935
Buildings 2
Stories 2
Acreage 0.140
Zoning Bhr4yy
Parking Spaces 5 spaces
Parking Per SqFt 0.94
Sale Condition For sale by owner

Beverly Hills Multifamily | 4 Units Steps to Beverly Drive | $925,000/unit

Marketing description

205 S Reeves Drive is a four-unit multifamily property located in one of Southern California’s most prestigious and supply-constrained rental markets. Built in 1935 and positioned within walking distance of South Beverly Drive’s dining, retail, and lifestyle amenities, the asset benefits from sustained tenant demand driven by location, walkability, and Beverly Hills’ high-barrier entry fundamentals. 205 S Reeves Drive features an exceptional four-unit configuration anchored by larger, high-demand layouts. The property includes two expansive 3-bedroom units (one 3+3 and one 3+2), complemented by a 2+1 and a 1+1—providing strong appeal to both families and professionals. The unit mix supports durable rental demand, reduced turnover, and upside through significant interior upgrades. Units feature air conditioning, heating, functional kitchen appliances, and select fireplaces, while in-unit and on-site laundry, covered parking, and a private courtyard to enhance livability and tenant retention. Spanish-style architectural details and period finishes further differentiate the property from surrounding multifamily stock. Located south of Wilshire Boulevard and adjacent to Beverly Hills’ Golden Triangle business district, 205 S Reeves Drive offers walkable access to major employment centers, parks, high-end retail, and cultural destinations—supporting long-term occupancy, income durability, and value preservation in a market defined by limited new supply. The property is moments from Urth Caffé, Chaumont Bakery & Café, Parakeet Café, and Maru Espresso Bar, with immediate proximity to top dining destinations including Bacari Beverly Hills, Matu, and All’Antico Vinaio. Everyday conveniences such as Whole Foods Market and Pavilions, along with Beverly Canon Gardens and world-class shopping along Rodeo Drive, further reinforce the location’s exceptional livability and sustained tenant demand.

205 S Reeves Drive is a charming four-unit multifamily asset situated in one of Southern California’s most coveted, supply-constrained rental markets. Originally constructed in 1935, the property benefits from classic Spanish-style architecture and a premier Beverly Hills location a few steps from South Beverly Drive’s dining, retail, and lifestyle amenities. This exceptional positioning continues to drive strong and consistent tenant demand supported by walkability, proximity to employment centers, and the city’s high barriers to new development. 

The asset features an attractive and highly desirable unit mix anchored by larger-format residences rarely found in comparable four-unit properties. The configuration includes two expansive three-bedroom units (one 3-bedroom/3-bath and one 3-bedroom/2-bath), complemented by a 2-bedroom/1-bath and a 1-bedroom/1-bath unit. 

These larger layouts appeal to families, professionals, and long-term tenants, contributing to reduced turnover, durable income, and meaningful upside through interior renovation and rental growth. 

Residences are equipped with air conditioning and heating, functional kitchens, and select fireplaces, enhancing livability and tenant comfort. Additional amenities include in-unit and on-site laundry, covered parking, and a private central courtyard—features that further support tenant retention and long-term occupancy. Period finishes and Spanish architectural details differentiate the property from surrounding multifamily inventory while preserving its timeless Beverly Hills character.

Located south of Wilshire Boulevard and adjacent to Beverly Hills’ Golden Triangle business district, 205 S Reeves Drive offers walkable access to major employment hubs, parks, high-end retail, and renowned cultural destinations. Tenants benefit from immediate proximity to Urth Caffé, Chaumont Bakery & Café, Parakeet Café, and Maru Espresso Bar, as well as top dining destinations including Bacari Beverly Hills, Matu, and All’Antico Vinaio. Daily conveniences such as Whole Foods Market, Pavilions, Beverly Canon Gardens, and world-class shopping along Rodeo Drive further reinforce the property’s exceptional livability. 

Situated in an irreplaceable Beverly Hills location, 205 S Reeves Drive offers the opportunity to acquire a distinguished multifamily asset defined by long-term desirability, timeless character, and enduring value in a tightly held Los Angeles submarket.

205 S. Reeves Drive is situated in the heart of Beverly Hills’ prestigious Golden Triangle, one of the most desirable commercial districts in Los Angeles. The area is known for its luxury retail, Class A office space, upscale dining, and world-renowned hospitality, attracting high-profile businesses and affluent clientele from around the world.

 The property benefits from exceptional walkability and immediate proximity to Rodeo Drive, Wilshire Boulevard, and Century City, providing strong connectivity throughout the Westside market. The surrounding neighborhood offers a rare combination of prestige, convenience, and executive-level amenities that continue to drive strong tenant and investor demand. 

Beverly Hills remains one of the most stable and high-performing commercial real estate markets in Southern California, supported by limited supply, strong demographics, and long-term value retention. Its globally recognized address makes the area especially attractive for professional, luxury, medical, and boutique office users seeking visibility and status.



Investment highlights

  • In-unit & on-site laundry — select units include in-unit washer/dryer, with additional on-site laundry facilities providing everyday convenience and enhancing tenant retention.
  • Assigned parking — the property offers 5 parking spaces, a high-value amenity that strengthens marketability in Beverly hills’ dense, supply-constrained environment.
  • Premium, irreplaceable unit mix - two 3-bedroom units (including a rare 3+3) anchor the property, complemented by a 2+1 and 1+1—driving higher rents, longer tenant retention, and strong demand from affluent westside renters, further enhanced by recent upgrades and clear rent-growth upside.
  • Architectural character — spanish-style design elements, hardwood flooring, and period details differentiate the property from newer construction and support lifestyle-driven demand.
  • Private courtyard setting — landscaped courtyard with seating creates a residential feel and enhances tenant experience uncommon among nearby multifamily offerings.
  • Updated unit amenities — units feature air conditioning, heating, functional kitchen appliances, select fireplaces, as well as a private courtyard.
  • Prime Beverly hills location — situated a stroll away from urth caffé, chaumont bakery & café, parakeet café, and maru espresso bar, 205 s reeves dr offers immediate access to top dining destinations including bacari Beverly hills, matu, and all’antico vinaio. The property is also conveniently close to whole foods market, pavilions, Beverly canon gardens, and world-class shopping along rodeo drive.

Listing Contacts

EA
CA CA 01918652
Equity Union
Listed by Equity Union

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$136,378.00
$11,364.83/mo

Valuation Metrics

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DSCR
4.01%
Cap Rate
4.01%
ROI

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Additional Information

Name
Eli Appel
License
CA 01918652
Brokerage Phone
818-212-2700
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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