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9441 W OLYMPIC BLVD Beverly Hills CA 90212-4541

APN 4331-004-015

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Details
Property Type Land, Retail
Sub Type Commercial
Building SqFt 23,389
Lot SqFt 14,707
Acreage ******
Sold Date ******
Sold Price ******
Sold Price per Acre ******
Zoning Code C-3T-2
Year Built 1949
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******
Lender Name ******

Property History

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Property Type
Property Type
Retail, Land
Property Subtype
Commercial
Asking Details
Asking Price
$132,000,000
Marketing Description

WESTMAC Commercial Brokerage Company is pleased to present the South Beverly Drive Portfolio, an exceptional entitled development opportunity totaling 93,113 SF of land at the highly visible, signalized intersection of W.​ Olympic Blvd.​ and S.​ Beverly Dr.​, less than one mile from the Golden Triangle at the gateway to Beverly Hills.​

The portfolio includes four (4) entitled development sites with approvals for a combined 368 residential units — 294 market-rate and 74 affordable — along with 37,276 SF of ground-floor retail and ample subterranean parking.​ The current improvements consist of four office buildings, a Pavilions supermarket, and two parking structures, all zoned C3.​ Will be delivered RTI

Investment Highlights
  • Entitled Projects - Will be delivered RTI
  • ​9430 W. Olympic Blvd. – Approved Builder’s Remedy entitlement plans for a 13-story mixed-use building with 53 residential units (42 market / 11 affordable), and 3 levels of subterranean parking with 23 parking spaces.
  • ​9441 W. Olympic Blvd. – Approved Builder’s Remedy entitlement plans for a 13-story mixed-use building with 75 residential units (60 market / 15 affordable), 4,092 SF of ground-floor retail, and 3 levels of subterranean parking with 52 parking spaces.
  • ​333–337 S. Beverly Dr. & 353 S. Beverly Dr. – Approved Builder's Remedy entitlement plans for an 8-story mixed-use project with 135 residential units (108 market / 27 affordable), 16,099 SF of ground-floor retail, and 3 levels of subterranean parking with 263 parking spaces.
  • ​9467 W. Olympic Blvd. (Pavilions site) – Approved Builder's Remedy entitlement plans for an 8-story mixed-use building with 105 residential units (84 market / 21 affordable), 17,085 SF of retail, and 3 levels of subterranean parking with 180 parking spaces.
  • Location Highlights
  • ​Located minutes from Rodeo Drive, Westfield Century City, and top Beverly Hills dining, the site benefits from daily traffic exceeding 50,000 vehicles, offering outstanding visibility and signage potential. Within a 1-mile radius, the average household income is $137,552, and the median home value exceeds $1.1 million.
  • ​This is a rare opportunity to acquire an entitled, large-scale development portfolio in one of the most prestigious and supply-con
  • 6-way Signalized Corner
  • ​The subject property is located at one of the highest traffic count corners in the city, W. Olympic Blvd. and S. Beverly Dr. There are over 50,000 cars that pass by the property each day, making it a perfect opportunity for signage.
  • Beverly Hills Location
  • ​The four development sites are located at the gateway to Beverly Hills, adjacent to Century City, West Los Angeles, and West Hollywood. Beverly Hills is a premier global destination for unrivaled shopping, extraordinary restaurants, amazing art, and cultural attractions.
  • Dense Residential Area & Affluent Demographics
  • ​The area within a 1-mile radius of the subject property has a population of 31,250 and an average household income estimated at $141,776. The median home value is $1,006,223.
  • Purple Line Expansion
  • ​As the Los Angeles Metro continues its expansion of the Purple Line, a new station will be opening at Wilshire and Rodeo in 2026, offering connectivity to Downtown LA and Union Station.
  • AREA AMENITIES
  • ​The subject property is adjacent to a number of amenities including restaurants, coffee shops, banks, medical offices, and a Pavilions grocery store just across the street. Within two miles of the subject property are Rodeo Drive, The Los Angeles Country Club, Rancho Park Golf Course, and Westfield Century City Mall.
Property Type
Property Type
Office
Property Subtype
Creative Office, Traditional Office
Marketing Description

WESTMAC Commercial Brokerage Company is thrilled to present the opportunity to acquire 9441 W Olympic Boulevard, an investor, owner-user, or development opportunity in Beverly Hills, on the corner of S Beverly and W Olympic, a half mile from the Golden Triangle.

The subject property is comprised of ±27,495 square feet of building on ±14,739 square feet of Beverly Hills zoned C3 land. The building is three (3) stories with multiple office spaces and conference rooms, in addition to a top-floor patio. The first floor (±11,705 SF) is equipped with open-air office space, as well as private offices and a kitchen. It is partially leased to Ignite Capital Inc., with ±4,205 square feet available. The second floor mezzanine (±5,822 SF) is currently occupied by the Property Management team. The third floor (±9,971 SF) is fully leased to MVP Sports Group. There are four (4) parking spaces plus one handicap behind the building, and there is a covenant with the lot next door at 350 S Beverly that includes sixty (60) spaces. The building is 85% occupied, allowing an investor to lease the last available space, or an owner-user to occupy while bringing in an income from the other tenants.

The location of this property is excellent—within five minutes of Beverly Hills’ Golden Triangle and Westfield Century City Mall. Multiple restaurants are within walking distance, including Urth Caffe, Factor’s Deli, Chipotle, California Pizza Kitchen, Cafe Istanbul, and South Beverly Grill. Pavilions Market is located across the street.

Beverly Hills is a world-famous, highly affluent neighborhood known for its high-end restaurants and luxury shopping. The epicenter of shopping in Beverly Hills is Rodeo Drive, a four-minute drive or 16-minute walk from the subject property. Within a 1-mile radius of 9441 W Olympic, the average income is $141,776 and the median home value is $1,003,425. The subject property has excellent visibility given its prime location on a signalized intersection of two major thoroughfares that sees a traffic volume of over 50,000 cars per day.

Builder’s Remedy plans have been submitted and approved for a 12-story mixed use building with 63 residential units (13 low income units), ground floor retail, and three levels of subterranean parking for 52 spaces. This is a rare opportunity to develop in the highly coveted neighborhood of Beverly Hills.

Investment Highlights

INVESTOR OPPORTUNITY

The subject property boasts ±27,495 square feet of office space, 85% of which is leased out. The current monthly income is $48,910.

OWNER-USER OPPORTUNITY

The subject property boasts 27,495 square feets of available office space for a company to make their mark in the heart of Beverly Hills. Each floor boasts its own kitchen, along with multiple office spaces and conference rooms.

DEVELOPMENT OPPORTUNITY

Applications have been submitted for a 12-story mixed-use development consisting of 63 residential units (13 units proposed for low income), first floor retail and residential lobby, and three levels of subterranean parking for 52 parking spaces.

6-WAY SIGNALIZED CORNER

The subject property is located at one of the highest traffic count corners in the city, W Olympic and S Beverly. There are over 50,000 cars that pass by the property each day.

BEVERLY HILLS LOCATION

The subject property is centrally located in Beverly Hills, adjacent to Century City, West Los Angeles, and West Hollywood. Beverly Hills is a premier global destination for unrivaled shopping, extraordinary restaurants, amazing art, and cultural attractions.

DENSE RESIDENTIAL AREA & AFFLUENT DEMOGRAPHICS

The area within a 1-mile radius of the subject property has a population of 31,250 and an average household income estimated at $141,776.

PURPLE LINE EXPANSION

As the Los Angeles Metro continues its expansion of the Purple Line, a new station will be opening at Wilshire and Rodeo in 2026, offering connectivity to Downtown LA and Union Station.

AREA AMENITIES

The subject property is adjacent to a number of amenities including restaurants, coffee shops, banks, medical offices, and a Pavilions grocery store across the street. Within two miles of the subject property are Rodeo Drive, The Los Angeles Country Club, Rancho Park Golf Course, and Westfield Century City Mall.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
TM
T.C. Macker PRO
LIC: CA 01232033
•••.•••.4352
••••cker@•••••••.com
Brokerage logo
Listing removed on
 BY:
WC
Woody Cook
LIC: 02072494
•••.•••.4383
cook@•••••••.com
Brokerage logo

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