Active
$3,750,000
4 Units
9 Beds
8 Baths
5,142 Area(sq.ft.)
Lot: 6,125 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 3 | 2.50 | No | $ 4,640 | $ 9,280 | $ 12,150 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 4,200 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,660 | $ 1,660 | $ 3,150 |
| 4 | 9 | 8 | $ 10,940 | $ 20,220 | $ 31,650 |
| MLS #: | 25548349 |
| Days On Market: | 184 |
| Listing Date: | June 4, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 729 |
| Price per unit: | $ 937,500 |
| Year Built: | 1936 |
Property Details
We are pleased to present 144 S. Spalding Drive, a rare and highly desirable owner-user opportunity in the heart of prime Beverly Hills. With one of the four units delivered vacant, a buyer can immediately move into a spacious2-bedroom, 1-bath, two-story townhome-style unit while collecting strong rental income from the remaining three units. The building features an ideal unit mix, including two expansive 3-bedroom, 2-bath, two-story townhome-style residences and a charming 1-bedroom, 1-bath flat. Built in 1936, the property exudes period charm and architectural elegance, with original details such as hardwood floors, crown moldings, large bay windows, fireplaces, and oversized kitchens and bathrooms. Natural light fills every unit, and four garage parking spaces add convenience and appeal. This character-rich asset is located on one of the most coveted streets in Beverly Hills a walker's paradise just steps from Rodeo Drive, the Peninsula Hotel, the upcoming One Beverly Hills and Aman Hotel developments, and the Wilshire/Rodeo Metro station. Surrounded by world-class retail, fine dining, cultural landmarks, and major business hubs, the property offers both lifestyle and investment upside. Located in a high-barrier-to-entry submarket with limited supply and strong, consistent rental demand, 144 S. Spalding Drive is an ideal blend of personal use and income-producing potential a true generational opportunity in one of the world's most sought-after neighborhoods.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 25% |
| Gross Operating Income: | $ 182,880 |
| Total Annual Expense: | $ 69,074 |
| Net Operating Income: | $ 108,356 |
| Gross Annual Income: | $ 181,680 |
| Gross Rent Multiplier: | 20.51 |
Structure
| Type of Units: | 3s,2,1 |
| Buildings: | 1 |
| Levels: | Multi/Split, One |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Garage, Assigned, Attached |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | None |
| Heating: | Wall |
Exterior
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