$17,000,000

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… Read More 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 between both properties, while delivering elevated living spaces with top-tier amenities, including a lobby/reception, an on-site pool (buyer to verify) and additional parking, maximizing long-term value and appeal. Alternatively, the combined site may support a full ground-up redevelopment of up to 44 units (Buyer to verify), making this offering a once-in-a- generation opportunity in one of the most exclusive submarkets in the world. Beverly Hills remains a global symbol of luxury, lifestyle, and enduring real estate value. Just steps from iconic Rodeo Drive, the Spalding properties enjoy 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 scalable development upside ideal for investors seeking long-term value, luxury appeal, and an unbeatable location. Read Less

Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, Remax Commercial and Investment Realty 213-817-1000.

Listing Snapshot

Days Online

Last Updated

Apr 24, 2025

Property Type

Other

Beds

Square Ft.

30,662

Lot Size

0.56 Acres

Year Built

1937

MLS Number

25529289

30 Days Snapshot Of 90212

$12,025k

+122%

(avg) sold price

-50%

homes sold

-69%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

30,662 sq ft, Built in 1937, Levels: Multi/Split, One

Disclosures

As Is

Garage

Subterranean, Carport, Side By Side

Laundry

In Unit, Community

Lot

LotAcreage: 0.4219, LotSizeArea: 24,497

Parking

TotalParking: 23

Property

NumberOfUnits: 23, Zoning: BHR4YY

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

132 144 S. Spalding Dr

'VIP' Listing Search

Schools In The Area

Similar Listings

'VIP' Property Search

1. Neighborhoods

2. Home Type

3. Send

About

Real Estate

Tools

About

Real Estate

Tools