INCREDIBLE PRICING. JUST REDUCED $500K. A+ LOCATION. We are proud to present a rare, generational multifamily investment at 132 South Spalding Drive, nestled in the prestigious heart of Beverly Hills. This property is ideally located on one of the most coveted streets in all of Los Angeles, offering discerning investors… Read More multiple pathways to capitalize on some of the highest rental demand in the city. Situated along along a beautiful, tree-lined setting, the property 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. With multiple vacancies, investors are presented with a prime value-add opportunity. Immediate upside can be captured by renovating the units, common areas, and infrastructure unlocking significant rental potential while preserving the historic character of the buildings. Beverly Hills remains a global symbol of luxury, lifestyle, and enduring real estate value. Just steps from iconic RodeoDrive, the Spalding property enjoys unparalleled walkability and access to world-class shopping, five-star dining, cultural landmarks, and thriving business districts. The forthcoming One Beverly Hills mega-development will further enhance the area's prestige, introducing new luxury residences, premium retail, and state-of-the-art office space. A short drive connects residents to Century City's booming commercial core, the vibrant Sunset Strip's entertainment scene, and the coastal beauty of Santa Monica Beach. Simply put, this location offers unmatched connectivity, prestige, and long-term value in a market that continues to outperform. This offering truly combines timeless Beverly Hills charm with upside potential ideal for investors seeking long-term value, luxury appeal, and an unbeatable location. Read Less
Courtesy of Remax Commercial and Investment Realty 213-817-1000
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
35
Square Ft.
25,520
Lot Size
0.42 Acres
Year Built
1937
MLS Number
25553551
30 Days Snapshot Of 90212
$1.37M
-81%
(avg) sold price
3
+50%
homes sold
77
-49%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
25,520 sq ft, Built in 1937, Levels: Multi/Split, One
Cooling
Wall/Window
Disclosures
As Is
Garage
Assigned, Subterranean
Heating
Wall
Lot
LotAcreage: 0.4219, LotSizeArea: 18,379
Parking
TotalParking: 19
Property
NumberOfUnits: 19, Zoning: BHR4YY
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