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Eli Appel Of The Appel Group Represents Seller In 3.99M Multifamily Sale In Beverly Hills

Property Image
SOLD
$3,995,000

California

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MultiFamily5,511 SF
Sold 03/11/2026
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Property Image
SOLD

Eli Appel Of The Appel Group Represents Seller In 3.99M Multifamily Sale In Beverly Hills

419 South Rexford Drive

See Similar Deals
MultiFamily5,511 SF
Sold 03/11/2026
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$724
Total Square Footage:5,511 SF
Transaction Type:Sale

The multifamily asset located at 419 South Rexford Drive in Beverly Hills has been sold for $3,995,000. The property consists of 8 units, offering a total square footage of 5,511, yielding a price per unit of $499,375 and a price per square foot of $724.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,995,000
  • Units: 8
  • Square Footage: 5,511
  • Price Per Unit: $499,375
  • Price Per Square Foot: $724
  • Address: 419 South Rexford Drive, Beverly Hills
  • Seller's Representative: Eli Appel - The Appel Group - Marcus & Millichap

This sale follows a robust interest, with over 14 property tours and multiple competitive offers, indicating a sustained appetite for multifamily real estate in Beverly Hills. Eli Appel's performance is underscored by this being his 15th multifamily closing in Beverly Hills since 2023, and he currently holds 21.43% of all listings sold in the area, emphasizing his prominent role in the market.

Players

Eli Appel
Equity Union Real Estate
Eli Appel
6 deals$34.2M volume(818) 390-4181
BROKER

Details

SOLD
IMAGE: Eli Appel DATE: 03/11/2026 ADDRESS: 419 South Rexford Drive MARKET: Beverly Hills ASSET TYPE: Multifamily SELLER'S REP: Eli Appel (@EliAppelcre) - The Appel Group - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,995,000 UNITS: 8 ~ PPU: $499,375 SF: 5,511 ~ PPSF: $724 NOTE FROM SELLER'S REP: Closed | 419 S Rexford Dr, Beverly Hills - Multifamily Sale Investment Highlights -On-Site EV Charging -400-Amp Electrical Service -Major System Upgrades: New pitched roof, plumbing, and hot water heaters -6/8 Updated Highly Rentable Units: Modern interiors with In-unit washer/dryer, stainless-steel appliances, gas ranges & dishwasher, renovated kitchens & baths, central heating & A/C, quality flooring etc. The 8-unit apartment building at 419 S Rexford Dr in Beverly Hills has officially closed at full asking price following strong buyer demand, 14+ property tours, and multiple competitive offers. This transaction marks Eli Appel’s 15th Beverly Hills multifamily closing since 2023 (YTD), reinforcing his standing as a leading broker in the Beverly Hills multifamily and apartment investment market, where, according to CoStar data, he now represents 21.43% of all listings sold. A dominant performance in the Beverly Hills apartment investment market, highlighting continued demand for multifamily real estate in Beverly Hills and strong investor appetite for high-quality Los Angeles apartment assets.

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