Multi-Family

211, 213, 215 & 217 Hamilton Drive

211 S Hamilton Dr, Beverly Hills, CA 90211

Listing Price: $13,900,000

Lot Size
0.48 acres
Price/Acre
$29,109,808
Land Type
Redevelopment

Investment Overview

Marcus and Millichap is pleased to present 211-217 S Hamilton Drive, an extremely rare 20,800 square feet development site in world-renowned Beverly Hills, CA. 211-217 S Hamilton Drive is ideally located just south of Wilshire Boulevard and the Metro Purple Line, providing convenient access to Downtown and West LA. The property is also located within walking distance of the Beverly Center, The Grove, Cedars-Sinai, and Restaurant Row. This is a very unique opportunity to purchase an ideal development site in one of the world’s highest barrier to entry locations. Spread over four contiguous parcels this project allows for twenty-four (24) units to be built by right. There is the potential to build up to thirty-three (33) units, including low-income units, with density bonuses. This site is quintessentially located just a short walk from exceptional dining, entertainment, shopping and cultural experiences. Iconic attractions including Rodeo Drive, The Grove, The Original Farmers Market, and the Beverly Center are all conveniently located within a short radius of the property, attracting only the upper echelon tenant base. With immediate access to Wilshire, San Vicente, and La Cienega Boulevards and world-famous restaurants and walkable retail, this is a premier location for new luxury housing development. One of Metro’s priority projects, the Purple Line Extension (0.1 miles from subject property) is a critically important rail project that will provide a high-capacity, high-speed and, dependable alternative for commuters to travel between downtown Los Angeles, the Miracle Mile, Beverly Hills and Westwood. From the current terminus at Wilshire/Western, the Purple Line Extension will extend westward for about nine miles and add seven new stations providing easy access to the Westside, our region’s second-largest job center. Travel time between downtown Los Angeles and Westwood is expected to be about 25 minutes. The U.S. Department of Transportation will issue a $1.3 billion grant to Metro for the final phase of the Purple Line subway extension - the last major piece of funding required to complete construction. The funding agreement, announced on February 11, 2020 by Senator Dianne Feinstein, will cover more than one third the $3.6-billion price tag for the third section of the Purple Line extension, which will span roughly 2.5 miles between Century City and the Veterans Administration Campus in Westwood. The remaining funds will come from local sales tax revenue, as approved by Los Angeles County voters.

Investment Highlights

  • TROPHY BEVERLY HILLS CONDO DEVELOPMENT OPPORTUNITY
  • OPPORTUNITY TO BUILD 24 - 33 CONDO / MULTIFAMILY UNITS
  • EXCELLENT FRONTAGE
  • CURRENT IMPROVEMENTS
  • ICONIC BEVERLY HILLS LOCATION
  • PROXIMITY TO MAJOR EMPLOYMENT CENTERS

Exclusively Listed By

Multi-Family

211, 213, 215 & 217 Hamilton Drive

Listing Price: $13,900,000

Lot Size
0.48 acres
Price/Acre
$29,109,808
Land Type
Redevelopment

Investment Highlights

  • TROPHY BEVERLY HILLS CONDO DEVELOPMENT OPPORTUNITY
  • OPPORTUNITY TO BUILD 24 - 33 CONDO / MULTIFAMILY UNITS
  • EXCELLENT FRONTAGE
  • CURRENT IMPROVEMENTS
  • ICONIC BEVERLY HILLS LOCATION
  • PROXIMITY TO MAJOR EMPLOYMENT CENTERS

Investment Overview

Marcus and Millichap is pleased to present 211-217 S Hamilton Drive, an extremely rare 20,800 square feet development site in world-renowned Beverly Hills, CA. 211-217 S Hamilton Drive is ideally located just south of Wilshire Boulevard and the Metro Purple Line, providing convenient access to Downtown and West LA. The property is also located within walking distance of the Beverly Center, The Grove, Cedars-Sinai, and Restaurant Row. This is a very unique opportunity to purchase an ideal development site in one of the world’s highest barrier to entry locations. Spread over four contiguous parcels this project allows for twenty-four (24) units to be built by right. There is the potential to build up to thirty-three (33) units, including low-income units, with density bonuses. This site is quintessentially located just a short walk from exceptional dining, entertainment, shopping and cultural experiences. Iconic attractions including Rodeo Drive, The Grove, The Original Farmers Market, and the Beverly Center are all conveniently located within a short radius of the property, attracting only the upper echelon tenant base. With immediate access to Wilshire, San Vicente, and La Cienega Boulevards and world-famous restaurants and walkable retail, this is a premier location for new luxury housing development. One of Metro’s priority projects, the Purple Line Extension (0.1 miles from subject property) is a critically important rail project that will provide a high-capacity, high-speed and, dependable alternative for commuters to travel between downtown Los Angeles, the Miracle Mile, Beverly Hills and Westwood. From the current terminus at Wilshire/Western, the Purple Line Extension will extend westward for about nine miles and add seven new stations providing easy access to the Westside, our region’s second-largest job center. Travel time between downtown Los Angeles and Westwood is expected to be about 25 minutes. The U.S. Department of Transportation will issue a $1.3 billion grant to Metro for the final phase of the Purple Line subway extension - the last major piece of funding required to complete construction. The funding agreement, announced on February 11, 2020 by Senator Dianne Feinstein, will cover more than one third the $3.6-billion price tag for the third section of the Purple Line extension, which will span roughly 2.5 miles between Century City and the Veterans Administration Campus in Westwood. The remaining funds will come from local sales tax revenue, as approved by Los Angeles County voters.

Exclusively Listed By

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