Listed by WESTMAC
$132,000,000
South Beverly Drive Portfolio
Details
APN 4328-035-007; 4328-035-008; 4328-035-009; 4328-035-029; 4328-035-030; 4330-027-012; 4331-004-015
Property Type Retail, Land
Sub Type Commercial
Square Footage 103,617
Units 368
Tenancy Multi
Year Built 1946-1959
Year Renovated 2012
Stories 28
Lot Size (SqFt) 93,113
Zoning C3; BHC3YY, BHC3, BHC-3T-2
Parking Spaces 90 spaces
Parking Per SqFt 0.87
Sale Condition For sale by owner
South Beverly Drive Portfolio: Entitled Beverly Hills Sites | 368 Units + Retail
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.
Listing Contacts
Listed by WESTMAC
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