346 N Maple Dr, Beverly Hills, CA 90210

A rare opportunity exists to acquire an entitled site in Beverly Hills. The 7,961 square foot site has entitlements utilizing the state Housing Accountability Act Builder's Remedy provisions, securing approvals for a 12-story multi-family development with 65 units. The residential tower, reaching a maximum height of 124 feet, will consist of 52 market-rate units and 13 lower-income units. The project design includes 11 residential levels with 31 studios, 23 one-bedrooms, and 11 two-bedrooms, plus a rooftop deck, balconies, and 15 parking spaces. The subterranean parking level will include bicycle parking, utility rooms, the elevator lobby (for dual elevators), and two staircases with direct access to the roof. The ground level includes a generous lobby with a high ceiling. The design is stacked to simplify construction. The Builder's Remedy Covenant and Agreement entitlement is in place. The site is positioned steps from the Beverly Hills Triangle, home to the city's collection of flagship retail, fine dining, and five-star hotels, and sits directly adjacent to the Beverly Hills Tennis Club, with high-end offices and professional tenants across the street. The surrounding area exhibits an affluent, amenity-rich neighborhood. The property currently houses an eight-unit apartment building with seven tenants.