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
30 years
10 years
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
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Beverly Hills Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.