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Listed by Remax Commercial and Investment Realty, Jonathan Taksa.

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132 S. Spalding DRBeverly Hills, CA 90212

Active
$17,000,000
44
39
30,662 SqFt

We are truly proud to present a rare, generational multifamily investment and/or redevelopment opportunity at 132 and 144 South Spalding Drive, nestled in the prestigious heart of Beverly Hills. These two adjacent properties, each with their own APN, are ideally located on one of the most coveted streets in all of Los Angeles, offering discerning investors multiple pathways to capitalize on some of the highest rental demand in the city. Situated on over half an acre along along a beautiful, tree-lined setting, each building boasts an exceptional unit mix with expansive floor plans drenched in natural light. 132 S Spalding Drive is comprised of 19 units, featuring an outstanding blend of mostly three-bedroom, two-bedroom, and one-bedroom apartments arranged around a charming central courtyard and meticulously landscaped grounds. Many units retain classic design details such as original hardwood floors, crown moldings, fireplaces, spacious kitchens and baths, and large bay windows. A rare amenity for its vintage, the building also includes a subterranean garage with ample assigned parking. 144 S Spalding Drive, a beautifully maintained 1936 fourplex, offers an equally attractive mix of units, including one-, two-, and three-bedroom layouts. The building echoes the architectural charm of its neighbor, with many of the same timeless features and thoughtful design elements. With multiple vacancies across both properties, investors are presented with a prime value-add opportunity. Immediate upside can be captured by renovating the units, common areas, and infrastructureunlocking significant rental potential while preserving the historic character of the buildings. For developers, an enticing option exists to redevelop 144 S Spalding Drive from a four-unit structure into a seven-unit building, seamlessly integrating it with the existing 132 S Spalding property to create a 26-unit boutique luxury community. This thoughtful expansion would create an accessible connection be


FACTS & FEATURES

  • Property Type:
    Residential Income
  • Architectural Style:
  • Bedrooms:
    44
  • Bathrooms:
    39
  • Dwelling Size:
    30,662 SqFt
  • Lot Size:
    0.56 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1937
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    Garage or Parking Spaces:
    Features: Subterranean, Carport, Side by Side
  • Area:
    C01 - Beverly Hills
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  • HOA:
  • Senior Community:
    False
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    Fireplace(s):
    Features:
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LOCATION


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Listing Office: Remax Commercial and Investment Realty. Listing Agent: Jonathan Taksa. Listing ID: 25529289

Last Updated May 1, 2025 5:36 AM
Data last checked against CRMLS on May 6, 2025 6:55 AM

Based on information from California Regional Multiple Listing Service, Inc. as of May 6, 2025 6:55 AM 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. Properties may or may not be listed by the office/agent presenting the information.

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