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$7,850,000
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Property Description
Exceptional opportunity to acquire a multifamily investment property in one of the most prestigious and supply-constrained markets in the United States. Located in Beverly Hills, the asset benefits from immediate proximity to the Golden Triangle, world-class dining and retail, major employment centers, and premier medical facilities, including Cedars-Sinai.
The property is positioned in a market defined by consistently strong tenant demand, historically low vacancy, and significant barriers to entry. Beverly Hills' stringent zoning regulations and limited availability of developable land have historically supported rent growth and long-term asset appreciation, making this location highly attractive to both domestic and international investors.
The investment offers stable in-place income, with potential upside through continued rental growth and operational optimization. Its central location along Doheny Drive provides convenient access to Beverly Hills, West Hollywood, and the broader Westside, further enhancing its appeal to a professional tenant base seeking convenience, walkability, and a premier residential address.
240 S Doheny Drive is well-suited for investors seeking durable cash flow, capital preservation, and long-term value appreciation in a globally recognized market with exceptional fundamentals.
Full Property Details
Full Property Details for 240 S Doheny Dr
General
- Sold For: $7,850,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR26028368
- Added to Site: 112 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: In-Ground, Community
Parking
- Garage Spaces: 24
- Parking Features: Subterranean, Carport
- Parking: Subterranean, Carport
Location
- Area: C01 - Beverly Hills
- County: Los Angeles
- Development Name: C01 - Beverly Hills
- Driving Directions: Wilshire Blvd. to S Doheny Dr.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 22
- # Electric Meters: 22
Structural Information
- Entry Location: Front
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 22,735
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
Unit 2
- Number of Units: 13
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 6
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2571
- Lot Size Source: Assessor
- Lot Description: Landscaped
Financial Considerations
- Price Per Sq. Ft.: $373.87
- Price Per Unit: 386364
Listed by Rodeo Realty, Kenneth Marker
Sold by Rodeo Realty, Edward Dolce
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Schools
Schools serving 240 S Doheny Dr
School District:Beverly Hills Unified School District
| Name | Grades | Distance |
|---|---|---|
Horace Mann Elementary School, Beverly Hills, CA 8701 Charleville Boulevard, Beverly Hills, CA 90211 | K-8 | 0.4 mi |
Beverly Hills High School 241 Moreno Dr., Beverly Hills, CA 90212 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 240 S Doheny Dr
Date
Details
Price
Change
Source
5/27/2026
Sold
$7,850,000
-7.65%
MLS
4/13/2026
Price Reduced
$8,500,000
-14.14%
MLS
2/09/2026
Listed
$9,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
240 S Doheny Drive, Beverly Hills, CA 90211 (MLS# SR26028368) is a Multi-Family property that was sold at $7,850,000 on May 27, 2026. Want to learn more about 240 S Doheny Drive? Do you have questions about finding other Multi-Family real estate for sale in Beverly Hills? You can browse all Beverly Hills real estate or contact a Coldwell Banker agent to request more information.

