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438 S Palm Dr
For Sale $5,349,000 ($802.19 per Sq Ft)
$5,349,000 ($802.19 per Sq Ft)
- 6 Units
- 6,668 Sq Ft
- 6,067 Sq Ft
- Unknown Cap Rate
Description
The crown jewel of South Palm Drive. 438 South Palm Drive provides a rare opportunity to acquire a truly exceptional Mid-Century, Six-Unit Apartment Building in the heart Beverly Hills. With all the colours & landscape of a Tuscan/French Countryside and the original charm and architecture of it's Mid-Century Roots, "438" reflects genuine pride of ownership, showcasing timeless charm, quality maintenance, and enduring appeal. It has had One Owner for the past 30 years & Family Owned for the past 50 Years. This Pet Free building is just walking minutes away from Iconic Beverly Hills Landmarks & World Class Shopping and Dining. It features an ideal mix of Apartments consisting of: One spacious, Three Bedroom + Two Bath residence with two Balconies, Three, Two-Bedroom + Two + Bath Residences and Two, One Bedroom + One Bath Residences. Each unit, overlooks a beautiful Courtyard, is bright and inviting and highlighted by elegant Crown Molding, Recessed LED Lighting on Dimmers, Central Heat, Newer Window A/C units with Remotes in each room, and abundant natural light that enhances the classic character throughout. Beautifully maintained and thoughtfully updated, additional highlights include: Stainless Steel Appliances (Dishwashers, Refrigerator & Microwaves), Custom Cabinetry with Soft Gliders, Upgraded Fixtures, House Grade Carpets & Dense Padding, with Original Wooden Flooring beneath, Marble Countertops and Accents in some Bathrooms & Custom Tiles. With one parking space per unit, additional storage, and a Prime Beverly Hills Address 438 South Palm Drive, presents a standout investment opportunity that reflects the care and attention of long-term, meticulous ownership. Upper Apt D, 2 bed + 2 ba is now vacant and ready for owner/user or new Tenant at current market rate!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,349,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,668 |
| Number of Stories | 2 stories |
| Parking Spots | 5 spots |
| Year Built | 1952 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4332003023 |
| MLS # | 25609813 |
| Property ID | 293105639 |
| Lot Sqft | 6,067 |
| Zoning | BHR4YY |
| Total Units | 6 |
| Days on Market | 95 |
| Original List Price | $5,349,000 |
| Date Updated | February 12, 2026 |
| Date Created | November 14, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.00 | $4,500 | $4,700 |
| Unit #2 | 2 | 2.00 | $3,200 | $3,500 |
| Unit #3 | 2 | 2.00 | $3,324 | $3,500 |
| Unit #4 | 2 | 2.00 | $3,300 | $3,500 |
| Unit #5 | 1 | 1.00 | $2,700 | $2,700 |
| Unit #6 | 1 | 1.00 | $1,714 | $2,700 |
| Gross Income (Yr) | $ 225,058 |
| Operating Expenses | $ 92,326 |
| Net Income (Yr) | $ 126,950 |
Listing Provided By
Amber Kristin Abbitt an agent of . Lic #01379024
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Robert Crawford
REAL ESTATE AGENT