Multi-Family
149-159 S MAPLE DR & 9225 CHARLEVILLE BLVD
149 S Maple Dr, Beverly Hills, CA 90212
Listing Price: $16,000,000
Lot Size
0.42 acres
Price/Acre
$38,273,476
Land Type
Land
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 149-159 S Maple Drive & 9225 Charleville Blvd, a 37-Unit Development Opportunity located in Beverly Hills, CA.
149-159 S MAPLE DR & 9225 CHARLEVILLE BLVD
Investment Highlights
- Build 37 Ultra High-End Luxury Units in Beverly Hills The site is already fully entitled for 29 luxury rental units with design by highly regarded SPF:architects. Option to put a condo map on the prop
- New Entitlement Plans Submitted to Build 37 Luxury Units New plans utilizing stacked density bonus under AB 1287 to build 37 luxury apartment units have been submitted to the City of Beverly Hills.
- Prime Development Opportunity in Beverly Hills Developer has rare opportunity to build high-end apartments or condos in Beverly Hills.
- Excellent Land Value The land is attractively priced at $16 million. Generational opportunity to buy three adjacent lots for residential development in the heart of Beverly Hills. The low land basis means a developer can easily build to an untrended yield on cost of over 6.7%.
- Beverly Hills Multifamily Submarket Rents and per-unit sale prices in Beverly Hills consistently outperform those in the greater Los Angeles metro. The submarket is driven by location, prestige, and constrained supply. Investor demand remains exceptionally strong.
- Strong Multifamily Demand Drivers Beverly Hills continues to face a new housing need, particularly for high-end multifamily units.
- Superlative Beverly Hills Location Steps from the Golden Triangle and South Beverly Drive. Offers unmatched access to retail, dining, and amenities. A walkable, globally recognized neighborhood.
- Excellent Public School System Served by the top-rated Beverly Hills Unified School District. Highly sought after and resident-exclusive. Adds long-term appeal for families and investors.
Exclusively Listed By
Listing Price: $16,000,000
Lot Size
0.42 acres
Price/Acre
$38,273,476
Land Type
Land
Investment Highlights
- Build 37 Ultra High-End Luxury Units in Beverly Hills The site is already fully entitled for 29 luxury rental units with design by highly regarded SPF:architects. Option to put a condo map on the prop
- New Entitlement Plans Submitted to Build 37 Luxury Units New plans utilizing stacked density bonus under AB 1287 to build 37 luxury apartment units have been submitted to the City of Beverly Hills.
- Prime Development Opportunity in Beverly Hills Developer has rare opportunity to build high-end apartments or condos in Beverly Hills.
- Excellent Land Value The land is attractively priced at $16 million. Generational opportunity to buy three adjacent lots for residential development in the heart of Beverly Hills. The low land basis means a developer can easily build to an untrended yield on cost of over 6.7%.
- Beverly Hills Multifamily Submarket Rents and per-unit sale prices in Beverly Hills consistently outperform those in the greater Los Angeles metro. The submarket is driven by location, prestige, and constrained supply. Investor demand remains exceptionally strong.
- Strong Multifamily Demand Drivers Beverly Hills continues to face a new housing need, particularly for high-end multifamily units.
- Superlative Beverly Hills Location Steps from the Golden Triangle and South Beverly Drive. Offers unmatched access to retail, dining, and amenities. A walkable, globally recognized neighborhood.
- Excellent Public School System Served by the top-rated Beverly Hills Unified School District. Highly sought after and resident-exclusive. Adds long-term appeal for families and investors.
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 149-159 S Maple Drive & 9225 Charleville Blvd, a 37-Unit Development Opportunity located in Beverly Hills, CA.
Exclusively Listed By
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