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Development Opportunity Near Golden Triangle
For Sale
$14,000,000

149 S Maple, Beverly Hills, CA 90212

Approved plans for 37 luxury units near Beverly Hills.

Property SizeContact for details
Days on Market421

Property Features for 149 S Maple

General Information

Standard status Active
Listing Agency: TONY AZZI
Listed By: TONY AZZI · License #(S):CA:00910513
Source: Corcoran
Added: Jul 9, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 TONY AZZI

Investment Insights

Based on property information with market context.

Located steps from Beverly Hills' Golden Triangle, 149-159 S Maple Dr and 9225 Charleville Blvd offer a development opportunity on a triple lot. The site has fully approved plans and permits for a 37-unit luxury multifamily project, featuring an attractive unit mix with an average unit size of 1,331 square feet. Planned common area amenities include a recreation room and a rooftop sundeck with a swimming pool. The site may be re-entitled for up to 39 units through AB 1287 density bonus incentives. Currently, the property includes three apartment buildings totaling 13 units, all of which will be delivered vacant at the close of escrow. All units have been removed from the rental market via Ellis Act filings, clearing the path for immediate development. The property is located near Class-A office centers in Beverly Hills and nearby hubs like Century City, West Hollywood, Culver City, and Mid-Wilshire. The location benefits from Beverly Hills' income and education demographics.

Key Highlights

  • Triple lot development opportunity steps from Beverly Hills' Golden Triangle.
  • Fully approved plans and permits for a 37‑unit luxury multifamily project.
  • Delivered vacant at close of escrow, cleared for immediate development via Ellis Act filings.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Mobile Phone Store Pet Grooming Service Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15,239
Businesses Nearby

Demographics for 90212, CA

11,451
Population
6,107
Households
1.9
Avg Household Size
43
Median Age
74%
College-Educated
98%
High-School Grad
0.9 sq mi
ZIP Area
12,723
Density / Sq Mi
$116,238
Median Household Income
$70,031
Median Earnings
$2,764
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Approved plans for 37 luxury units near Beverly Hills.
Where is this apartment building located?
The property is located at 149 S Maple Beverly Hills, CA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Triple lot development opportunity steps from Beverly Hills' Golden Triangle.; Fully approved plans and permits for a 37‑unit luxury multifamily project.; Delivered vacant at close of escrow, cleared for immediate development via Ellis Act filings.
More about this property
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