9430 Gregory Way

Property Overview

9430 Gregory Way is a six-unit multifamily asset in the City of Beverly Hills, offered for sale for the first time in nearly five decades. The property sits at Gregory Way and South Reeves Drive, between Wilshire and Olympic Boulevards, one block from the boutique shops, cafes, and restaurants of South Beverly Drive, with Rodeo Drive and the Golden Triangle within walking distance and Century City and Pico-Robertson minutes away. The same family has owned the building since the 1970s, and it is fully occupied with in-place rents well below market. Built in 1949, the property contains approximately 7,599 square feet of improvements on a 7,283-square-foot BHR4-zoned lot. The unit mix consists of one 1-bedroom / 1-bath unit, two 2-bedroom / 1-bath units, two 2-bedroom / 1.5-bath units, and one 3-bedroom / 2-bath unit, with floor plans averaging more than 1,200 square feet. Seller's offering materials report current scheduled gross income of about $213,060 against pro forma market income of about $307,440, representing more than 40% in rental upside as units turn over. Capital improvements include a new 40-year roof completed in 2020, new central heating and air conditioning installed in 2023, seismic gas shut-off valves at all six units and the laundry room, and a completed SB 721 balcony inspection. Units are separately metered for gas and electricity. Buyers should independently verify unit count, rents, expenses, zoning, and all other property information. With a Walk Score of 94, residents are steps from the amenities of South Beverly Drive and the Golden Triangle, within the Beverly Hills Unified School District, close to Cedars-Sinai Medical Center, and well positioned for Century City's employment base and the Metro D Line extension along Wilshire Boulevard. The combination of generous floor plans, recent capital improvements, and meaningful rental upside makes 9430 Gregory Way a rare long-term hold in one of the most supply-constrained rental markets in Southern California.