Entitled Multifamily Development
For Sale
$5,850,000
401 N Oakhurst Drive Beverly Hills, Beverly Hills, CA 90210
Entitled 11-story multifamily project approvals for 25 units, with existing six-unit apartment building on site.
Property SizeContact for details
Lot Size0.18 Acres
Days on Market44
Property Features for 401 N Oakhurst Drive Beverly Hills
General Information
Standard status
Active
Total Parking Spaces
14
Lot size
0.18 Acres
Property subtype
Land
Zoning
R4
Additional Details
Multifamily Units
25
Amenities
Flat
7705
51 x 150
0.1769
Assessor
Building Details
Stories
11
Listing Agency:
KELLER WILLIAMS BEVERLY HILLS REALTY
(909) 328-1567
Listed By:
Jeffrey Ladue · License #01884474
(909) 328-1567
Source:
Rmarealty
Added: Jul 15
Changed: Aug 25
Last Checked: Aug 26 at 5:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS BEVERLY HILLS REALTY
Investment Insights
Based on property information with market context.
Entitled development site in Beverly Hills with approvals under the state Housing Accountability Act Builder’s Remedy provisions for an 11-story, 25-unit multifamily project. The proposed tower would reach approximately 131 feet and include 22 market rate units plus 3 lower-income units, designed as stacked residences with two and three units per floor. Unit plans call for all two bedroom, two bathroom layouts, rooftop deck and balconies, and 14 parking spaces, with subterranean parking that would include bicycle parking, utility rooms, an elevator lobby, and two staircases providing access from the lower level to the roof. The ground level is designed with a spacious lobby, office, package/mail room, and utility room with a high ceiling.
The site at 401 N Oakhurst Drive is currently improved with a six-unit apartment building and four sets of existing tenants. The offering is described as being near the Beverly Hills Triangle, Beverly Hills Tennis Club, Ralphs Fresh Fare, Bristol Farms, and West Hollywood’s dining and nightlife at SMB.
Entitlement documentation and a Builder’s Remedy Covenant and Agreement are in place, intended to allow the project to move directly to Plan Check by bypassing the lengthy discretionary approval process typically required for developments at this scale.
The site at 401 N Oakhurst Drive is currently improved with a six-unit apartment building and four sets of existing tenants. The offering is described as being near the Beverly Hills Triangle, Beverly Hills Tennis Club, Ralphs Fresh Fare, Bristol Farms, and West Hollywood’s dining and nightlife at SMB.
Entitlement documentation and a Builder’s Remedy Covenant and Agreement are in place, intended to allow the project to move directly to Plan Check by bypassing the lengthy discretionary approval process typically required for developments at this scale.
Key Highlights
- Entitled 7,717 SF site in Beverly Hills approved under the state Housing Accountability Act Builder’s Remedy for an 11‑story, 25‑unit multifamily project
- Proposed 131‑ft residential tower with 22 market‑rate units and 3 lower‑income units across 10 residential levels
- All units planned as 2 bed, 2 bath layouts, ranging from 1,184 to 1,876 SF, plus rooftop deck and balconies
Property Analytics
Property Profile
Current Use
Lease Details
25
Residential units
Location Intelligence
Trade Area within ½ mile
12,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 90210, CA
21,134
Population
9,714
Households
2.2
Avg Household Size
49
Median Age
68%
College-Educated
97%
High-School Grad
10.7 sq mi
ZIP Area
1,975
Density / Sq Mi
$190,382
Median Household Income
$95,040
Median Earnings
$3,045
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Entitled 11-story multifamily project approvals for 25 units, with existing six-unit apartment building on site.
Where is this apartment building located?
The property is located at 401 N Oakhurst Drive Beverly Hills Beverly Hills, CA.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Entitled 7,717 SF site in Beverly Hills approved under the state Housing Accountability Act Builder’s Remedy for an 11‑story, 25‑unit multifamily project; Proposed 131‑ft residential tower with 22 market‑rate units and 3 lower‑income units across 10 residential levels; All units planned as 2 bed, 2 bath layouts, ranging from 1,184 to 1,876 SF, plus rooftop deck and balconies
