241 S Reeves Drive 302, Beverly Hills, California 90212, Beverly Hills, 90212 - 2 bed, 3 bath
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Beverly Hills, California 90212
This Spacious Beverly Hills Penthouse is a High-Potential Investment Opportunity, listed at $1,199,000—positioned well below the $1,332,984 Fair Market Value by 10%. This valuation gap offers $133,984 in Instant Equity. Maintaining a Good Condition Rating, the 2,060 sq. ft. residence features an updated kitchen, city views, and a pool and spa. Located in the Beverly Hills Unified School District near Rodeo Drive, the property benefits from recent building-wide capital improvements. It is an ideal choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 S Reeves Drive 302 Subject | $1,199,000* List Price | 2 | 3 | 2,060 | $647 | - |
A 137 S. Palm Drive 203 Sold | $1,130,000 | 2 | 3 | 1,641 | $689 | 0.4 mi |
B 353 S Reeves Drive 202 Sold | $1,305,000 | 3 | 4 | 1,807 | $722 | 0.2 mi |
C 120 S Palm Pending | $1,100,000 List Price | 2 | 3 | 1,718 | $640 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, fitting the 'good' criteria. Although built in 1974, the unit features an updated kitchen with stainless steel appliances and stone countertops. The bathrooms appear functional and clean, and the living areas feature updated flooring. The building itself has undergone recent major system improvements, including a new roof and elevator, which offsets the age of the structure.
Priced at $653 per square foot compared to neighborhood comps at $786, this property offers the lowest price per square foot in Beverly Hills and significant instant equity potential.
Situated in the heart of Beverly Hills, the unit is walking distance to Rodeo Drive and world-class dining, while being located within the prestigious Beverly Hills Unified School District.
This top-floor unit boasts over 2,000 square feet of light-filled living space with a flexible third bedroom/den option and benefits from recent building upgrades including a new roof and elevator.
The $900 monthly association fee is a substantial recurring cost that may impact the budget of buyers sensitive to high carrying expenses.
Built in 1974, the property may require further interior modernization to meet the expectations of buyers seeking the ultra-contemporary finishes found in newer luxury developments.
A spacious 3 bed (2bed + bonus room) / 3 bath penthouse in the heart of Beverly Hills. This light-filled top-floor unit boasts over 2,000 sq ft of elegant space, including a flexible 3rd bedroom/den with 2 builtin closets and a private balcony. Updated kitchen with Stainless steel appliances, in-unit laundry, and a massive primary suite with walk-in closet. Gated garage parking (2 side-by-side spots), 2 guest parking spots, extra storage, pool, spa, sauna. 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. Beverly Hills High School district. Comps: 353 S Reeves Dr #202 sold at $786/SQ. This unit is listed at $653/sq ft. Don't miss this instant equity opportunity. Easy to show.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,060 | 2,060 | 50% |
| Lot Size | 12,144 | 12,150 | 47% |
| Price | $1.20M | $1.59M | 27% |
| Price per sq ft | $582 | $886 | 13% |
| Built year | 1974 | 1989 | 27% |
| HOA | $900.0 | $2.4K | 40% |
| Days on market | 41 | 92 | 7% |
Mar 25, 2026
$1,199,000
$1,345,000
-11% Price Drop
Initial Listing
Mar 12, 2026
$1,345,000
Initial Listing
May 29, 2015
$1,200,000
Public Record
Jul 17, 1998
$440,000
Public Record