South Beverly Drive Portfolio
$87,000,000
333–337 South Beverly Drive, Beverly Hills, CA 90212
33,184 sqft
Building Size
68,499 sqft
Lot Area
Details:
Description:
WESTMAC Commercial Brokerage Company is pleased to present the South Beverly Drive Portfolio, an exceptional entitled development opportunity totaling 68,499 SF of land at the highly visible, signalized intersection of W. Olympic Blvd. and S. Beverly Dr., less than one mile from the Golden Triangle at the gateway to Beverly Hills.
The portfolio includes two entitled development sites with approvals for a combined 240 residential units - 192 market-rate and 48 affordable - along with 33,184 SF of ground-floor retail and ample subterranean parking. All development sites will be delivered RTI. The current improvements consist of 2 office buildings, a Pavilions supermarket, and two parking structures, all zoned BHC3.
Entitled Projects
• 333–337 S. Beverly Dr. & 353 S. Beverly Dr. – Approved Builder's Remedy entitlement plans for an 8-story mixed-use project with 135 residential units (108 market / 27 affordable), 16,099 SF of ground-floor retail, and 3 levels of subterranean parking with 263 parking spaces.
• 9467 W. Olympic Blvd. (Pavilions site) – Approved Builder's Remedy entitlement plans for an 8-story mixed-use building with 105 residential units (84 market / 21 affordable), 17,085 SF of retail, and 3 levels of subterranean parking with 180 parking spaces.
• Builder's Remedy is a provision under California housing law that allows developers to bypass local zoning restrictions when a municipality lacks a state-certified housing element.
Location Highlights
Located minutes from Rodeo Drive, Westfield Century City, and top Beverly Hills dining, the site benefits from daily traffic exceeding 50,000 vehicles, offering outstanding visibility and signage potential. Within a 1-mile radius, the average household income is $137,552, and the median home value exceeds $1.1 million.
This is a rare opportunity to acquire an entitled, large-scale development portfolio in one of the most prestigious and supply-constrained markets in the world.
Properties can be purchased as one portfolio or individual sites.
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Location
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