SoldBroker Activity · Entry № 13

This Is Why You Track Every Deal - Beverly Hills $345/SF

22 Units. $357K/door. $345/SF.

PublishedMay 29, 2026
StatusSold · Confirmed Close
DatelineBeverly Hills Submarket, Los Angeles
240 S Doheny Dr hero photo
FIG. 01, 240 S Doheny Dr, Beverly Hills (90211). 22-unit mid-rise, 1960, 33,212 SF. Sale closed May 27, 2026. Listing photo via Atlas Brief archive.
Four takeawaysFour things an operator sees at 240 S Doheny Dr
  1. Deals like this are why I track every transaction.  This one stopped me. At $357k a door and $345/SF in Beverly Hills, you simply cannot replace this.   Every unit has upside and there isn't going to be more land in BH. 
  2. Large Units Avg 1033/SF Units.  Large rent upside.
  3. 5.5% Cap going in with the potential for an 8 % cap. 
  4. I would buy this, hold it and over time turn all the units.  This was a great deal for Jonathan Sedaghat.   
Deal Stats · 240 S Doheny Dr
Sale Price
$7,850,000
confirmed close, May 27 2026
Initial Ask
$9,900,000
$2.05M above close
Units
22
2 studios · 13 1BD · 6 2BD · 1 PH 2BD
Price / Unit
$356,818
per door
Price / SF
$345
CAP Rate
5.55%
at close, broker stated
GRM
11.29
at close
Year Built
1960
LARSO RSO applicable
Lot SF
11,186
0.26 acres · BHR4YY zoning
BEVERLY HILLS HAS NO ULA
$0
ULA
Hold Period
20 years
Ruth Brandt-Spitzer Trust
BUYER
Starkwood, Inc.
Jonathan Sedaghat 

What an Operator Sees

This one stopped me.  At $357k a door and $345/SF, you simply cannot replace this in Beverly Hills and properties like this don't hit the market that often.  The average unit size is over 1,000 SF and every unit appears to have massive upside.   Renovated units in this location can achieve $4.50-$6.00/SF which gets the building to over $1 million in revenue.  Conservatively, I think a great operator can get this to about a 8% cap rate over time.

Brokers
Buyer & Listing Broker
Ken Marker
Realtor
Rodeo Realty
Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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