Rent report generated Dec 7, 2024
The Rent Potential of
435 N Palm Dr Apt 103 Beverly Hills, CA
🏡
is $3,535 – $5,584/mo.
Current Specs
2 Bed / 2 Bath
1,299 sqft
Unknown
Built in 1964
Rent Comps
$2,548
$4,695
$10,848
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
15 Listings
2 Bed / 2 Bath
775 - 1,235 sqft
Within 3.8 mi
Avg. Monthly Rent$4,271
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.
2 Listings
2 Bed / 2 Bath
941 - 1,455 sqft
Within 3.6 mi
Avg. Monthly Rent$8,640
Rent Advice
Located in the prestigious Beverly Hills area, this property at 435 N Palm Dr Apt 103 offers immense rental potential. With 9 units averaging a rental range of $3.5K to $5.6K, the total potential revenue can reach between $31.8K to $50.3K monthly. Given the area's demand and upscale features, such as granite counters and stainless appliances, the payback period is promising. Beverly Hills' market remains resilient, though competition is steep. Unique selling points include its contemporary style and prime location, but challenges might include high HOA fees.
To enhance rental potential, consider modernizing interior finishes and enhancing energy efficiency, which could command higher rents. For owners looking to sell, positioning the property as a luxury condo in a high-demand area like Beverly Hills can attract premium buyers. A thorough market analysis and strategic marketing plan would maximize the sale price, ensuring a lucrative transaction.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.