211-214 Hamilton DrBeverly Hills, CA 90211

Property Details for 211-214 Hamilton Dr

Year built

1949

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents two Class A apartment units located at 211-214 S Hamilton Dr, Beverly Hills, CA 90211, within Los Angeles County. Offered at $14,000,000, this property boasts a compelling 5.00% cap rate. Originally constructed in 1949 and extensively renovated in 2020, the building currently comprises two units, each valued at $7,000,000. An application for a significant expansion is currently under review by the City of Beverly Hills. The application proposes a 14-story building with 210 units, including 20% designated as affordable housing. This application is considered grandfathered under previous city regulations. While not guaranteed, the city shows a positive inclination towards approving a remedy project. Under current zoning codes, the property allows for 24 units by right, with an additional 50% bonus density permitted, potentially increasing the total to 36 units. This presents a unique opportunity to capitalize on the potential for substantial growth and development in a highly desirable Beverly Hills location. The property's prime location and existing infrastructure provide a solid foundation for a lucrative investment. This is a rare chance to acquire a property with significant upside potential in one of the most exclusive areas of Southern California.

Location Insight

City

Beverly Hills

County

Los Angeles

State

California

Latitude

34.0639

Longitude

-118.375

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].