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157 S Elm Dr, Beverly Hills, CA, 90212

$2,999,000

6 Bedrooms
5 Baths
5,012 SqFt
$598/SqFt
House

Location

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Property Highlights

Home TypeOther
ParkingDoor-Multi, Garage, Garage Door Opener, Private
Garage3 spaces
Year Built1958
HeatingCentral
CoolingCentral Air
FireplaceFamily Room
MLS #24434723
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 157 S Elm Dr

This rare investment opportunity is in a Prime location in the heart of Beverly Hills. The Property is just minutes from the world-famous Rodeo Drive. With convenient access to world-class shopping, dining, and entertainment options you truly experience the essence of upscale living at its finest. This exquisitely maintained Triplex building features 3 luxury apartments that are updated with new kitchens, high-end appliances as well as abundant cabinet and closet spaces. UNIT 1: 2/2 The upstairs apartment is currently rented at $5250/month. Natural light floods through the extra-large windows creating a bright and inviting ambiance. Enter through your private entrance up the elegant staircase to your sanctuary. Cozy up by the fireplace in the spacious layout of the living area adorned with wood floors that flow seamlessly into the family room with a spacious den for an open concept. The 2 large bedrooms feature ample closet space as well as a powder room. The primary bath suite with a modern soaking tub and shower. Unit 2: 2/2 This exquisite ground-floor luxury apartment is rented at $4500/month and boasts elegance with natural light and a fireplace. Open living concept with large family and living room plus open den and a modern kitchen with ample cabinet space. Custom closets in both bedrooms and a fully updated master bath. Units 3: 1/1 unit rented for $1441/mo.Front door access and secured back gate entrance. Parking is a breeze with a remote-operated private large 2-car garage with EV chargers and extra storage as well as street parking permits available. A spacious private courtyard with lush landscaping and cozy outdoor furniture ideal for barbeque and relaxation.Separate storage and laundry room. The roof was replaced this year. Quiet neighborhood centrally located in proximity to a top-rated school district. Incredible opportunity to own income property in prestigious Beverly Hills. 100% tenant occupied. Call the Agent for any additional information. Access to property with accepted offer only. DO NOT DISTURB TENANTS

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Stories: 0
  • Living Area: 5,012 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (818) 788-5400
  • Listing Agent: Evelyn Reyes

Interior Features

Interior Information:

  • Appliances: Microwave, Oven
  • Flooring Type: Carpet, Wood
  • Interior: Ceiling Fan(s)
  • Fireplace: Family Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Door-Multi, Garage, Garage Door Opener, Private

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Between Wilshire blvd and Olympic on the South corner of S Elm drive and Charleville

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,999,000
  • Price Per SqFt: $598/SqFt

Tax Information:

  • Annual Amount: $11,744
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Beverly Hills, CA.

Med. Sold Price

$3.2M

Med. Price/SqFt

$1,025

Avg. Days On Market

61

# of Sold Homes

35

157 S Elm Dr vs Beverly Hills

92 DAYS ON ROCKET

+31 Days

$2,999,000

-$261.3K Less

$598/SqFt

-$427 Less

KEY TAKEAWAY

This property is $261.3K less than the Median Sold Price and $427/SqFt less than other homes in Beverly Hills, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24434723

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (818) 788-5400
  • Listing Agent: Evelyn Reyes

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$11,744$957,034
2020$11,412$947,221
2019$10,900$928,649
2018$10,650$910,441
2017$10,650$892,590

History based on county public records data.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,058

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4301826
8
/10
  • Canfield Avenue Elementary School

  • 9233 Airdrome St

  • 1.08 miles

  • Public District Grades KG-5

school-card-donut-4301827
5
/10
  • Carthay School

  • 6351 W Olympic Blvd

  • 1.53 miles

  • Public Magnet Grades KG-5

school-card-donut-4301828
5
/10
  • Rosewood Avenue Elementary

  • 503 N Croft Ave

  • 1.60 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,500. The majority of Beverly Hills, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 157 S Elm Dr

What is the listing price of this property?

The listing price of 157 S Elm Dr property is $2,999,000.

What type of property is this?

The property 157 S Elm Dr is a house located in Beverly Hills, California, 90212.

Is this property for sale now?

Accepting Backup Offers: 157 S Elm Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,744 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 157 S Elm Dr has 6 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 157 S Elm Dr is 5,012 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 157 S Elm Dr is 1958.
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Rocket HomesCaliforniaLos Angeles CountyBeverly Hills90212157 S Elm Dr

This home is located at 157 S Elm Dr in Beverly Hills, CA and zip code 90212 in the The Westside neighborhood. This 5,012 square foot home, which was built in 1958, sits on a 0.14 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $2,999,000.

Over 7 listings were sold over their listed price in November 2024 in Beverly Hills, CA. In the same period over 28 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Beverly Hills, CA decreased by 3.7% between October 2024 and November 2024. Listings spent 61 days on the market in November 2024, and had a median list price of $3,260,333 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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