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Beverly Hills Development Site Listed at 401 South Robertson

Beverly Hills Development Site Listed at 401 South Robertson
FOR SALE

$8,200,000

401 South Robertson Boulevard, Beverly Hills, CA 90211

Property Description

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 401 S Robertson Boulevard, an extraordinary development opportunity in Beverly Hills, on the corner of S Robertson and W Olympic.

The subject property is comprised of developable land totaling ±15,836 SF along the western side of S Robertson Boulevard, just south of W Olympic Boulevard. The offering is zoned BHC-3 with Mixed Use Overlay. Potential multifamily developers are able to build 29 units (1/550SF of land) with C-3 use on the ground floor. If state density bonus is applied, the number of units, FAR, and Height may be increased. Max units vary by low income/affordable units included and must be reviewed by Beverly Hills. Additionally, medical use is allowed on the second floor and above.

The location of this property is second to none. It is situated within the highly affluent Beverly Hills, while also being just a few blocks from the commercial center of the Pico-Robertson neighborhood. Shopping destinations The Grove, Beverly Center, and Rodeo Drive are just a few minutes away.

The subject property has excellent visibility given it’s prime location on a signalized corner with a traffic volume of over 50,000. This is a rare opportunity to develop in the highly coveted neighborhood of Beverly Hills.


Property Details

Asset Type

Development Site

Zoning

BHC3 with Mixed Use Overlay

Lot Size

15,836 SF

Neighborhood

Beverly Hills

Submarket

Beverly Hills

ZIP

90211

Listing Type

sale


Offering Memorandum

Download

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$466,466

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$38,872

Annual Debt Service

$466,466

View on Map

Address

401 South Robertson Boulevard

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Beverly Hills Development Site Market Snapshot

Boundary boundary · Development Site · Sale

No investors found in this market.

Contact the Listing Team

T.C. Macker

T.C. Macker

President

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Woody Cook

Woody Cook

Associate

24 closed

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Send a Message

T.C. Macker

T.C. Macker

President

67 closed

Call
Woody Cook

Woody Cook

Associate

24 closed

Call