9225 Charleville Blvd - Residential LAND FOR SALE


Beverly Hills, CA 90212 18,295 SF
$16,000,000 USD
9225 Charleville Blvd, Beverly Hills, CA for Sale
$16,000,000 USD
Residential LAND - FOR SALE
1/14
18,295 SF

9225 Charleville Blvd
Beverly Hills, CA 90212


HIGHLIGHTS

  • Fully entitled Beverly Hills site. 29 rentals by SPF:architects. Vacant delivery. Condo map option.
  • New plans submitted under AB 1287 to build 37 luxury units in Beverly Hills.
  • Developer has rare opportunity to build high-end apartments or condos in Beverly Hills.
  • Triple lot in Beverly Hills priced at $16M. Build to over 6.7% untrended yield on cost.
  • Beverly Hills rents and prices outperform LA, driven by prestige, location, and limited supply.
  • Beverly Hills continues to face a new housing need, particularly for high-end multifamily units.

OVERVIEW

149-159 S Maple Dr & 9225 Charleville Blvd present a rare triple lot development opportunity just steps from Beverly Hills’ Golden Triangle. This prime site comes with fully approved plans and permits for a 37-unit luxury multifamily project, featuring an attractive unit mix with an average size of 1,331 square feet. Planned common area amenities include a recreation room and a rooftop sundeck with a swimming pool. The project also offers significant upside, as the site may be re-entitled for up to 39 units through AB 1287 density bonus incentives. Existing improvements include three apartment buildings totaling 13-units that will be delivered vacant at the close of escrow. All units have been removed from the rental market via Ellis Act filings. Situated in an ultra-prime location, the property offers exceptional proximity to Class-A office centers in Beverly Hills and nearby hubs like Century City, West Hollywood, Culver City, and Mid-Wilshire. Beyond its central location, the offering benefits from Beverly Hills' outstanding income and education demographics, ensuring long-term appeal to luxury renters or buyers.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/ACRE

$38,095,655/AC

PRICE/SF

$875 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.42 AC

LAND SF

18,295 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-4

APN/PARCEL ID

4331-013-011,4331-013-012,4331-013-013

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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