ActiveResidential · sale

277 S Spalding Drive 203

Beverly Hills, CA 90212

$1,800,000

  • 2 beds
  • 3 baths
  • 1,880 sq ft
  • 0.31 acres
  • Built 1994

Listed by Douglas Elliman · MLS #26873929

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277 S Spalding Drive 203, Beverly Hills, CA 90212 · MLS #26873929

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1994.

Property size

0.31 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Set within a prestigious, meticulously maintained building, this generously proportioned 1,880 S/F, two-bedroom, three-bathroom condominium offers an exceptional combination of scale, elegance, and location in the heart of Beverly Hills. A gracious entry hall with marble flooring welcomes you into the residence, leading to an expansive, light-filled living and dining area framed by French doors, treetop views, and a beautiful fireplace. The spacious chef's kitchen is thoughtfully appointed with granite countertops, a large center island, breakfast bar, and full suite of appliances, creating an inviting space for both everyday living and entertaining. The impressive primary suite is a private retreat, featuring its own fireplace, French windows, generous closet space, and a luxurious en-suite bathroom with a spa tub. The generously sized secondary bedroom also features a private en-suite bath, while a separate powder room serves guests. Double French doors open to two generous outdoor spaces, extending the living areas and providing a rare opportunity for indoor-outdoor enjoyment. Recent upgrades, including new flooring throughout, complement the residence's timeless character. Additional conveniences include in-unit laundry and abundant storage. The current HOA fees are projected to be reduced. In consideration thereof, Seller agrees to contribute an amount equal to one-half of the current monthly HOA fee, with Seller's contribution capped at $3,000 per month, for a period of two (2) years from the close of escrow, or until the current HOA fee is reduced, whichever occurs first. Upon reduction of the HOA fee, Seller's contribution obligation shall terminate. Available at sellers' loss, HOA is currently under ongoing Los Angeles County Superior Court ordered receivership and will be lifted shortly. The secure, gated subterranean garage offers two side-by-side parking spaces along with a large assigned storage room, an exceptional amenity in Beverly Hills. Ideally positioned near the Golden Triangle, Beverly Hills High School, Roxbury Park, and Westfield Century City, the residence places world-class shopping, dining, entertainment, and cultural destinations moments from your door. Located within the highly coveted Beverly Hills Unified School District, with access to premier city services, this exceptional condominium delivers the space, privacy, convenience, and prestige synonymous with Beverly Hills living. The current HOA fees are projected to be reduced. In consideration thereof, Seller agrees to contribute an amount equal to one-half of the current monthly HOA fee, with Seller's contribution capped at $3,000 per month, for a period of two (2) years from the close of escrow, or until the current HOA fee is reduced, whichever occurs first. Upon reduction of the HOA fee, Seller's contribution obligation shall terminate.

THE NEIGHBORHOOD

Explore the location.

277 S Spalding Drive 203, Beverly Hills, CA 90212

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1994
Full baths
3
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Microwave,Refrigerator,Dryer,Washer
Pool
No
Pool features
None
Zoning
BHR4*
Parcel
4328006070
HOA amenities
ControlledAccess
HOA fee frequency
Monthly
HOA fee
$5,203.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$7,500.00
Cap rate

Annual operating income:

HOA: Includes $5,203.00 per month in HOA dues, converted from the $5,203.00 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26873929 · California Regional MLS

Listing brokerage: Douglas Elliman
Listing agent: Rick Tyberg

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.