The Boyett Team at CBRE is pleased to present 215 N La Peer Drive, a development opportunity located in the city of Beverly Hills. Offered for the first time on the market in over 35 years, this property represents a generational opportunity for a visionary investor or developer. Luxury Development Potential The property’s true value lies in its exceptional potential for redevelopment. Occupying on expansive 1.5-lot footprint of 8,469 square feet, the site offers a rare density ploy with BHR4YY zoning. This allows for the construction of a four-story luxury condominium project, designed to meet the insatiable demand for high-end residential ownership in the 90211 ZIP code. The lot is further distinguished by its significant frontal space and deep profile, providing the necessary dimensions for a premier luxury residential entrance. An Incomparable Neighborhood Beverly Hills is a market defined by scarcity and prestige. The site is positioned in a neighborhood known for its safety, world-class public services, and the elite Beverly Hills school system. With current land availability at on all-time low, 215 N La Peer Drive stands as one of the most significant development opportunities in the submarket today. The building currently consists of 11 units with 5 Studios and 6 1-Bedroom units which generate good income. The building and interior units have been remodeled throughout the years and there is brand new copper re-piping throughout the building.