137 S Palm Drive 503, Beverly Hills, California 90212, Beverly Hills, 90212 - 2 bed, 3 bath

137 S Palm Drive 503, Beverly Hills, California 90212 home-pic-0
ACTIVE$1,199,000
137 S Palm Drive 503, Beverly Hills, California 90212
2Beds
3Baths
1,641Sqft
18,216Lot
Year Built
1973
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$731
HOA
$800
Days on market
-
Sold On
-
MLS number
25520757
Home ConditionExcellent
Features
Good View: City Lights, Peek-A-Boo
ViewCity Lights,Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(21th), sqft - 1641(21th), beds - 2(50th), baths - 3(50th).

Do not contact owner... property has been leased.

Price History

Date
Event
Price
12/28/23
Sold
$975,000
06/07/00
Sold
$382,500
Condition Rating
Excellent

Despite the building's 1973 construction, the unit has clearly undergone an extensive and high-quality renovation within the last 5 years. The kitchen features modern white shaker cabinets, stainless steel appliances (including a wine fridge), light-colored countertops, and a subway tile backsplash. Bathrooms are equally updated with contemporary vanities, fixtures, and tiling. Hardwood floors, recessed lighting, and a clean, modern aesthetic throughout indicate that all major interior components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Location: Situated in the highly prestigious Beverly Hills 90212 zip code, offering unparalleled access to luxury amenities, dining, and entertainment.
Desirable Views: The unit boasts appealing 'City Lights' views, enhancing its aesthetic value and desirability.
Spacious Unit Size: At 1641 square feet, the condominium offers a generous and comfortable living space for a 2-bedroom unit.
Excellent Bath-to-Bed Ratio: With 3 bathrooms for 2 bedrooms, the property provides superior convenience and comfort for residents and guests.
Immediate Income Potential: The property is currently leased, offering immediate rental income for an investor buyer without a vacancy period.

Cons

High Association Fees: The $800 monthly association fee represents a significant ongoing cost that can impact affordability and investment returns.
Building Age: Constructed in 1973, the building is over 50 years old, which may imply dated infrastructure, common areas, or potential for future special assessments.
Tenant Occupied: Being currently leased, the property may present challenges for owner-occupant buyers regarding move-in timelines or tenant management.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state