Beverly Hills

503 N Elm Dr

Price 5,295,000 USD


Hands down the lowest priced entry level property in the beverly hills flats on exquisite north elm drive. Beyond exceptional opportunity to rebuild on a gracious 11,405 square foot lot.

  • KEY DETAILS:
  • 3 BEDS
  • 2 BATHS
  • 11,406 SQFT
  • YEAR BUILT: 1927
EVERYTHING YOU NEED TO KNOW

About The
Property.

Offering is priced as a tear down as the home is in very poor condition. This is the former home of peter bennett who served as counsel to various music legendaries such as franki valli & the four seasons. If your client thinks they can salvage it, more power to them. Prime location affords easy walk to the golden triangle, city hall, houses of worship and more. Lot size is per assessor.

The listing

Details.

MLS ID20-645982
NUMBER OF BEDROOMS3
NUMBER OF BATHROOMS2
STORIES1
LOT size11,406 SQFT
YEAR BUILT1927
SOURCE OF RECORDSAssessor
Days on Market262
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90210 beverly hills, ca

Community
Information.

New listings
28
Active listings
365
Median Listing Price
$7624550
Median days on market
130
Median sqf
4636.5
Median price per sqf
$1201.919402
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The Location.

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THE NEIGBOURHOOD

Beverly Hills.

No introduction needed as far as what to expect from the world-renowned city offering the very best in retail, dining and property. Perhaps lesser known, the luxury shopping and retail area is known as the Beverly Hills Triangle. Every major...

FIND YOUR DREAM HOME

The Location.

get directions
THE NEIGBOURHOOD

Beverly Hills.

No introduction needed as far as what to expect from the world-renowned city offering the very best in retail, dining and property. Perhaps lesser known, the luxury shopping and retail area is known as the Beverly Hills Triangle. Every major...

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dream property.

503 N Elm Dr

503 N Elm Dr, Beverly Hills

Neil Rain Persad

Origins


Neil Rain Persad, a British ex-pat is the acting broker and owner. He was born and raised in London with parents of Caribbean descent. His parents emigrated from Trinidad, and found themselves as young adults in a harsh reality of a not so welcoming London in the 1970’s. From very humble beginnings, his Mum was an emergency room nurse, while his Dad worked his way from a nurse to a respected position at the United Nations.

By advice of his primary school headmistress, he sat the entrance exam to Emanuel Secondary School, one of the top private schools in England. Receiving a half-scholarship to attend, he found himself surrounded by everyone from the affluent and notable, to royalty. At the end of every day, he would join a small group of outsiders at the train station who went home south of the river Thames, while the others went home to central London mansions and affluent lifestyles. Americans tend to pool all Brits into the same category, but the reality is that this was a clear illustration of the British class system. This contrast and unique ability to exist in both worlds was the unexpected honing of a skillset that would be invaluable in a later real estate career.

After graduating, he had a falling out with his parents. Initially he stayed with a very talented and handy uncle who taught him carpentry and remodeling, and an aunt that put 3 meals on the table every day. A short-lived return to his parents ended horribly. Without their support, he related to life more as an artist, with an interest in art, architecture, decor, and music. After exhausting the aide of charitable friends and their families, he eventually found himself homeless at 16, living on the streets of London for an entire year while waiting for help from local assistance programs. His only belongings were two guitars; a Les Paul, and an Epiphone, along with a backpack holding a few clothes.

After working odd jobs, including pizza delivery, he was taken in by a Venezuelan and Spanish Taekwondo champion Elias Biescas Rue, who taught him Taekwondo free of charge, and became a big brother and mentor to him. Under this guidance and training, he excelled at Taekwondo, and went on to compete at the national level, often knocking out opponents with Elias’ signature hook kick. In one sparring session, he regrettably broke the skull of the national champion at that time, with the same kick. This surprising education, life experience, training, and discipline would go on to shape his ethics and rules towards life, and ultimately his real estate practise.
Slowly rebuilding his life, he worked at a sound production company loading trucks for events, with the promise to be trained as a sound engineer. During this time, he rekindled his relationship with his parents. 5 years had passed since the last time he had seen them. His Dad encouraged him to use his dual citizenship status and make a go of a life in the United States. Something he had wanted to do for himself, but had been unable to.
Knowing there was a looming move to Los Angeles, he spent some time travelling and living around Europe, working odd jobs, and experiencing architecture and design around Europe first hand.

He moved to Los Angeles in 1998, initially staying with welcoming family, and subsequently set out on his own to begin the next chapter. He didn’t know anyone outside of a few family members. Returning to education while working 3 jobs, his first job was loading trucks at a Robinsons May distribution center. Later, while renting a small room in the hood, he taught Taekwondo where one of his students Wayne Chen, won an Olympic medal. Wayne gave one of his medals to him as a sign of appreciation.

After graduating university with a bachelor’s in business management, he began a 15-year corporate career working at fortune 100 companies such as Disney, Sony, Goodrich, and eventually ended up in investment banking at Merrill Lynch during its golden years. During that time, he bought his first house and was misrepresented on the purchase. He learned everything a real estate agent shouldn’t be from this experience.

Unexpectedly, just after rebuilding their relationship, his Dad was diagnosed with stage 4 Pancreatic cancer. Pulling the equity out of his home to pay for his father’s medical bills and to fund a life-saving surgery, his father didn’t survive, and passed away at 52 years old. Neil was 25, almost $1m in debt, and back to rock bottom. Fortunately, a successful career unfolded, but the death of his father encouraged him to later walk away from it to begin following his love for art, interiors, property and décor.

Upon being told that the Beverly Hills market was tough to penetrate and that he should think about suburban areas, his first deal was for $1m in the Hollywood Hills. Over 12 years, he has built a client base of celebrities, business personalities, several billionaires, and royalty from 3 nations.
After migrating between all the top firms in Los Angeles, he eventually realised that all of the above, gave him a very unique perspective on life and business. He also identified that all the top players and firms in LA were wholly focused on sales and numbers. Behind closed doors, everyone was the same, but sadly no one really seemed to care about their clients. This became the epicenter of Kensington & Beverly, his own firm that would focus on taking care of clients, their welfare, habitat, assets, and ultimately well-being of their family.

“After my experiences, disappointments, failures and minute successes; I unequivocally understand the needs of my clients. I will never do anything to comprise that. This is my one gift. My mission is to use this, to protect them, but get them what they need.”

Upon rescuing his dog, Nala, a Boxer-Ridgeback mix, Neil became best friends with Marc Ching, the pet wellness and animal welfare advocate. They quickly bonded due to their unique life experiences. They had major influences in each other’s lives and Neil became a board member and ambassador for Marc’s small rescue that housed only the worst-off dogs. This later became The Animal Hope & Wellness Foundation. In 2018, he split his time between real estate, and restructuring and re-staffing the foundation. In the same year, they wrote the bill to ban fur in Los Angeles, which was passed in 2019. Today, you can find Neil training at Lb4lb boxing gym, Rey Diogo Jiu-Jitsu, and playing one of his “3” guitars.


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