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Backup Offers

240 S Tower Dr, Beverly Hills, CA, 90211

$2,195,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
5 Baths
4,343 SqFt
$505/SqFt
House
Schools Nearby

Location

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240 S Tower Dr, Beverly Hills$2,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGarage, Tandem
Garage4 spaces
Year Built1929
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #24373499
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 240 S Tower Dr

1929 Character Spanish 4-unit pride of ownership building in the city of Beverly Hills. Upstairs: 1 bed 1 bath unit that was extensively remodeled in the last 7 years ($2,700 monthly rent) and a charming 2 bed 1 bath ($2,370 monthly rent). Downstairs: cozy 1 bed 1 bath unit that has some recent updates to the kitchen ($2,550 monthly rent) and a 2 bed 2 bath+ Office unit with private patio ($2,390 monthly rent). 3 of the 4 units have their own private laundry. All units have central AC. Roof for Building and Garage replaced in 2022. Property was fumigated in 2023. Estimated annual expenses are $11,500 for water, gardener, insurance, pest, and common electrical. Owner has maintained and upgraded property over the years by installing dual paned windows in some units, painting, installing newer appliances and remodeling in some of the units. Garage has 2 tandem spaces fitting 4 cars as well as storage. Located close to Rodeo Drive, Century City, La Cienega Park & Tennis Courts, Cedars Sinai, Restaurant Row, Miracle Mile, West Hollywood, Pico-Robertson, LACMA, and the upcoming "Purple" Metro Subway Line. Incredible opportunity to own income property in the city of Beverly Hills with its award-winning schools, fire, police, and city services. The building is currently 100% tenant occupied. Access to property with accepted offer only.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1929
  • Stories: 2
  • Living Area: 4,343 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (323) 593-6999
  • Listing Agent: Jimmy Martinez

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
  • Flooring Type: Wood
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Garage, Tandem

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Fairfax Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Ralph Waldo Emerson Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Carthay Center Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: East of La Cienega | South of Wilshire

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,195,000
  • Price Per SqFt: $505/SqFt

Tax Information:

  • Annual Amount: $12,145
  • Tax Year: 2021
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Housing Market Comparison

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

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Beverly Hills, CA

City

Med. Sold Price

$3.0M

Med. Price/SqFt

$1,034

Avg. Days On Market

47

# of Sold Homes

30

240 S Tower Dr vs Beverly Hills

32 DAYS ON ROCKET

-15 Days

$2,195,000

-$810K Less

$505/SqFt

-$530 Less

KEY TAKEAWAY

This property is $810K less than the Median Sold Price and $530/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: #24373499

Listing Office:

  • Office Name: Compass
  • Office Phone: (323) 593-6999
  • Listing Agent: Jimmy Martinez

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: 4/29/2024, 7:25:18 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$12,145$958,843
2020$11,807$949,012
2019$11,361$930,405
2018$11,111$912,162
2017$11,111$894,277

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,647

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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.

Elementary School

school-card-donut-2942675
7
/10

  • Carthay Center Elementary School

  • 6351 W Olympic Blvd

  • 0.27 miles

  • Public District Grades KG-6

school-card-donut-2942676
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 2.19 miles

  • Public Magnet Grades KG-6

school-card-donut-2942677
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 17.78 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2942678
6
/10

  • Ralph Waldo Emerson Middle School

  • 1650 Selby Ave

  • 3.65 miles

  • Public District Grades 6-8

school-card-donut-2942679
4
/10

  • Studio

  • 2211 W Avenue 30

  • 8.32 miles

  • Public District Grades 6-8

High School

school-card-donut-2942680
4
/10

  • Fairfax Senior High School

  • 7850 Melrose Ave

  • 1.65 miles

  • Public Magnet Grades 9-12

school-card-donut-2942681
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 9.35 miles

  • Public Magnet Grades 9-12

school-card-donut-2942682
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 11.59 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $108,333. The majority of Beverly Hills, CA residents have income between $100k-200k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 240 S Tower Dr

What is the listing price of this property?

The listing price of 240 S Tower Dr property is $2,195,000.

What type of property is this?

The property 240 S Tower Dr is a house located in Beverly Hills, California, 90211.

Is this property for sale now?

Accepting Backup Offers: 240 S Tower Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 240 S Tower Dr are:
Carthay Center Elementary School: GreatSchools Rating 7/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Ralph Waldo Emerson Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
Fairfax Senior High School: GreatSchools Rating 4/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,145 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 240 S Tower Dr has 6 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 240 S Tower Dr is 4,343 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 240 S Tower Dr is 1929.

Rocket Homes›California›Los Angeles County›Beverly Hills›90211›240 S Tower Dr

This home is located at 240 S Tower Dr in Beverly Hills, CA and zip code 90211 in the The Westside neighborhood. This 4,343 square foot home, which was built in 1929, sits on a 0.15 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $2,195,000.

Over 5 listings were sold over their listed price in March 2024 in Beverly Hills, CA. In the same period over 24 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Beverly Hills, CA increased by 16% between February 2024 and March 2024. In March 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $3,005,000.

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

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