INCREDIBLE PRICE IMPROVEMENT of $1,300,000 FROM ORIGINAL LIST PRICE. A+++ LOCATION. We are proud to present a rare, generational multifamily investment at 132 South Spalding Drive, nestled in the prestigious heart of Beverly Hills. This property is ideally located on one of the most coveted streets in all of Los Angeles, offering discerning investors multiple pathways to capitalize on some of the highest rental demand in the city. Situated along along a beautiful, tree-lined setting, the property 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. With multiple vacancies, investors are presented with a prime value-add opportunity. Immediate upside can be captured by renovating the units, common areas, and infrastructure unlocking significant rental potential while preserving the historic character of the buildings. Beverly Hills remains a global symbol of luxury, lifestyle, and enduring real estate value. Just steps from iconic RodeoDrive, the Spalding property enjoys 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 upside potential ideal for investors seeking long-term value, luxury appeal, and an unbeatable location.
For sale
Price cut: $800K (7/16)
$11,950,000
132 S Spalding Dr, Beverly Hills, CA 90212
35beds
32baths
25,520sqft
Est.:
Multi Family
Built in 1937
-- sqft lot
$11,603,900 Zestimate®
$468/sqft
$-- HOA
What's special
Charming central courtyardLarge bay windowsMeticulously landscaped groundsSpacious kitchensTree-lined settingCrown moldingsOriginal hardwood floors
- 63 days
- on Zillow |
- 565 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 03:01am
Listed by:
Jonathan Taksa DRE # 01366169 310-968-5303,
Remax Commercial and Investment Realty 213-817-1000
Source: CLAW,MLS#: 25553551
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 35
- Bathrooms: 32
Heating
- Wall
Cooling
- Wall/Window Unit(s)
Interior area
- Total structure area: 25,520
- Total interior livable area: 25,520 sqft
Property
Parking
- Total spaces: 19
- Parking features: Assigned, Subterranean
Features
- Levels: Multi/Split,One
- Stories: 3
Lot
- Size: 0.42 Acres
Details
- Additional structures: None
- Zoning: BHR4YY
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1937
Community & HOA
Location
- Region: Beverly Hills
Financial & listing details
- Price per square foot: $468/sqft
- Tax assessed value: $14,120,347
- Date on market: 6/17/2025
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