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241 S Reeves Drive 302, Beverly Hills, California 90212, Beverly Hills, 90212 - 3 bed, 3 bath

241 S Reeves Drive 302, Beverly Hills, California 90212 home-pic-0
ACTIVE$1,495,000
241 S Reeves Drive 302, Beverly Hills, California 90212
3Beds
3Baths
2,060Sqft
12,144Lot
Year Built
1974
Close
-
List price
$1.5M
Original List price
$1.83M
Price/Sqft
$726
HOA
$760
Days on market
-
Sold On
-
MLS number
IG25114056
Home ConditionFair
Features
Pool
Spa
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(26th), sqft - 2060(47th), beds - 3(63th), baths - 3(50th).

Penthouse Alert! Discover luxury living in this rare 3 bed (2bed + bonus room) / 3 bath penthouse in the heart of Beverly Hills. Located at 241 S Reeves Dr #302, this light-filled top-floor unit boasts over 2,000 sq ft of elegant space, including a flexible 3rd bedroom/den with built-ins and a private balcony. The spacious layout features a sleek fireplace, updated kitchen with stainless appliances, in-unit laundry, and a massive primary suite with walk-in closet. Gated garage parking (2 side-by-side spots), extra storage, pool, spa, sauna, and secure entry complete the offering. The building has been recently upgraded with a brand new roof, new elevator, and fresh carpeting throughout common areas. Just steps from Rodeo Drive, Beverly Drive shops, and top tier dining. Currently tenant-occupied through Dec 2025, offering immediate rental income for investors or future owners planning ahead.

Price History

Date
Event
Price
08/13/25
Price Change
$1,495,000-0.3%
08/01/25
$1,499,000
05/22/25
$1,835,000
05/29/15
Sold
$1,200,000
07/17/98
Sold
$440,000
Condition Rating
Fair
The property, built in 1974, shows signs of updates but retains some outdated elements. The kitchen features modern flat-panel cabinets and stainless steel appliances, but the large fluorescent ceiling light panel is dated. Bathrooms appear functional but also show older styles in fixtures and tiling. While the living areas have hardwood floors and plantation shutters, the chandeliers are traditional, and some bedrooms have carpet and older wallpaper. The building itself has seen recent upgrades (roof, elevator, common area carpeting), which is a positive, but the interior unit's renovations are not extensive enough to be considered 'good' or 'excellent' by current standards, falling into the 'fair' category where minor updates or cosmetic changes would significantly improve its appeal.
Pros & Cons

Pros

Prime Beverly Hills Location: Situated in the heart of Beverly Hills, just steps from Rodeo Drive, Beverly Drive shops, and top-tier dining, offering unparalleled access to luxury amenities and lifestyle.
Penthouse Unit & Spacious Layout: A rare top-floor penthouse unit boasting over 2,000 sq ft with 3 beds/3 baths, including a flexible bonus room, providing exclusive and ample living space.
Robust Building Amenities & Recent Upgrades: Features include gated side-by-side parking, extra storage, pool, spa, sauna, secure entry, and recent building-wide upgrades such as a new roof, elevator, and common area carpeting.
Immediate Rental Income: Currently tenant-occupied through December 2025, offering guaranteed rental income for investors or future owners planning long-term.
Updated Interior Features: The unit is light-filled and features an updated kitchen with stainless appliances, in-unit laundry, a sleek fireplace, and a massive primary suite with a walk-in closet.

Cons

High Monthly Association Fees: The significant monthly HOA fee of $760 could impact affordability and long-term ownership costs for potential buyers.
Tenant Occupancy Restriction: The property is tenant-occupied until December 2025, which restricts immediate owner occupancy and may limit showing flexibility, potentially narrowing the buyer pool.
Building Age: Built in 1974, despite recent common area upgrades, the building's age may imply older infrastructure within the unit or other building systems not explicitly updated, potentially leading to future maintenance considerations.

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