332 Beverly DrBeverly Hills, CA 90212

  • Retail properties
  • 5,989 SF
For Lease
$72.36/SF/YR View listing

Property Details for 332 Beverly Dr

Year built
1938
Lot size
0.17 AC
Property size (Sq ft)
5,989 SF
Zone code
BHC3*
Property type
Retail properties
Property subtype
Retail space
APN
4343-012-005
APU
4343012005

Description

This exceptional 2,075-square-foot retail space is ideally situated on the vibrant Beverly Drive Promenade in Beverly Hills, California. The property, located at 332 S Beverly Drive, zip code 90212, boasts a single-tenant occupancy and is perfect for a variety of businesses seeking high visibility and foot traffic. Completely renovated in 2024, the space features high exposed ceilings and a wide-open floor plan, creating a bright and airy atmosphere conducive to a modern retail or office environment. The storefront design offers exceptional visibility to pedestrians along Beverly Drive, a highly desirable location known for its upscale shopping and dining experiences. The property includes two convenient parking spaces, a significant advantage in this sought-after area. The building is a single-story structure and does not include elevators. This turnkey retail space presents a unique opportunity to establish a presence in one of the most prestigious addresses in Beverly Hills. Its modern design and prime location make it an ideal investment for discerning businesses seeking a high-impact retail presence. The property's address is easily accessible and benefits from the high pedestrian traffic of the Beverly Drive Promenade.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,518,239
    6.5%
    $2,324,529
    7%
    $2,158,491
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,867,333
    Geo Method
    $2,869,948
  • Alternative Use

    Use
    Valuation
    Residential
    $1,960,827
    Hospitality
    $1,796,107
    Educational
    $1,494,340
    Medical
    $1,545,732
    Retail
    $2,324,529
332 Beverly Dr, Beverly Hills, California

Location Insight

City
Beverly Hills
County
Los Angeles
State
California
Latitude
34.0694
Longitude
-118.401
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$54,560
$2,395,159
$1,596,768
$3,991,927
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