462 Palm Drive
Beverly Hills, CA 90212
| Price: | $3,500,000 | Zoning: | BHR4 |
| Bldg SF: | 8,230 SF | Price/SF: | $763.36 |
| Land SF: | 4,585 SF | Occupancy: | Vacant |
Click for Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685
Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688
Address: 462 Palm Drive, Beverly Hills, CA 90212
Price: $3,500,000
Bldg SF: 8,230 SF
Land SF: 4,585 SF
Price/SF: $763.36
Occupancy: Vacant
Property Type: Multi-family
Click for Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685
Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688
Investment Highlights
Trophy Beverly Hills Apartment or Condo Development Opportunity
462 S Palm Drive is a 8,230 square foot corner lot development site.
Opportunity to build 9 – 15 units
The property is zoned BHR-4, allowing for 9 units “By Right” or up to 15 units with a density bonus.
Efficient Footprint
Corner lot with rear alley access allows for increased construction feasibility and excellent frontage.
Current Improvements
The property consists of a 4,584 sf duplex built in 1935.
Iconic Beverly Hills Location
Beverly Hills is one of the most exclusive locations in the world. The property lies in the southern section of Beverly Hills, sourrounded by some of the world’s most sought after shopping and entertainment destinations, including The Grove, The Beverly Center, Rodeo Drive, West Hollywood and Century City.
Proximity to Major Employment Centers
The property sits just south of Wilshire Boulevard and just west of San Vicente, providing easy walkability to major high profile employment districts and the planned Purple Line, which will connect residents to Downtown Los Angeles and West Los Angeles.