324 S Doheny Dr, Beverly Hills, CA 90211

Townhome-Style Triplex in Beverly Hills | 9 Subterranean Gated Parking Spaces | Central HVAC & Copper Plumbing

Sold: $2,732,875

The Deal Story

CLOSING #27 OF THE YEAR

Sale Price: $2,732,875

Units: 3

Property Type: Townhome-style multifamily, built 1988, approx. 4,875 SF on a 0.13-acre lot

Unit Mix: (3) 3-bed / 2.5-bath units, averaging approx. 1,625 SF each

Pricing Metrics: 4.41% current cap rate, 14.95 current GRM

Buyer Type: 1031 exchange buyer with an industrial real estate background, seeking an owner-user property his children could eventually occupy

Seller Situation: Repeat Los Angeles-based client exchanging management-intensive Southern California multifamily into out-of-state triple-net retail; sixth closing with our team, over $26M in total volume since 2023

Result: Went non-contingent with a 1031 exchange buyer after several serious buyer tours

Special Features: Passed 2026 SB-721 inspection; copper plumbing and separate gas/electric meters; in-unit HVAC, laundry, and water heaters; 9-space gated subterranean garage; walkable to Beverly Drive

Case Study Summary

324 S Doheny Dr is a 1988-built, three-unit townhome-style property in Beverly Hills' 90211 submarket, featuring (3) 3-bed / 2.5-bath units averaging approx. 1,625 SF each. The property sold for $2,732,875 with in-place rents approx. 13% below market. After touring several serious buyers through the property, we secured a non-contingent buyer completing a 1031 exchange.

The seller, a repeat Los Angeles-based client, engaged our team as part of a broader strategy to exchange management-intensive Southern California multifamily assets into out-of-state triple-net retail. This transaction marks our sixth closing together, representing over $26M in total deal volume since 2023.

We identified the ideal buyer, an investor an a 1031 exchange with a large industrial real estate portfolio seeking an owner-user opportunity his children could eventually move into. Glaser Group represented the seller and coordinated the escrow.

Property Highlights

Three townhome style units in Beverly Hills built in 1988
Mix of (3) 3BR/2.5BA units averaging 1,625 SF each
Subterranean, gated garage with 3 parking spaces per unit (9 total available parking spaces)
Passed SB-721 balcony inspection in 2026
New dual sump pumps and control board
Separately metered for gas and electricity
Private balcony(s) and patio for each unit
Central HVAC and in-unit washer & dryers in each unit
2 basement level storage rooms, and maintenance closet
Prime Beverly Hills location, walkable to established retail and dining along S Beverly Dr and Rodeo Dr