Overview

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.

Highlights

• BHC-3 ZONING WITH MIXED USE OVERLAY - The zoning of this property allows for a variety of options for developers. Multifamily developers can build 29 units (1/550SF of land) or more if utilizing the state density bonus. The ground floor must be C3 use. Medical is allowed on this property, however it must be on or above the second floor.
• 4-WAY SIGNALIZED CORNER - The subject property is located at one of the highest traffic count corners in the city, W Olympic and S Robertson. There are over 80,000 cars that pass by the property each day.
• BEVERLY HILLS LOCATION - The subject property is centrally located in Beverly Hills, adjacent to Pico-Robertson, West Los Angeles, and West Hollywood. Beverly Hills is a premier global destination for unrivaled shopping, extraordinary restaurants, amazing art and cultural attractions.
• DENSE RESIDENTIAL AREA & AFFLUENT DEMOGRAPHICS - The area within a 1-mile radius of the subject property has a population of 42,481 and an average household income estimated at $128,561

Documents

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