9225 Charleville Blvd Beverly Hills, CA 90212-3330
- Apartment buildings
- 5,937 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 9225 Charleville Blvd
- Year built
- 1934
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 5,937 SF
- Zone code
- BHR4YY
- Property type
- Apartment buildings
- APN
- 4331-013-013
- APU
- 4331013013
Description
This exceptional development opportunity presents a fully entitled 29-unit luxury multifamily project in the heart of Beverly Hills, California. Located at 149-159 S. Maple Drive and 9225 Charleville Boulevard, the site boasts a coveted address within close proximity to the renowned Beverly Hills Golden Triangle and Rodeo Drive. The property enjoys an unparalleled Walk Score of 93, making it a true "Walker's Paradise" with abundant shops, cafes, gourmet restaurants, and five-star hotels nearby. The approved building design incorporates an attractive unit mix, averaging 1,670 square feet per unit, and includes desirable common area amenities such as a recreation room and a rooftop sundeck complete with a swimming pool. Further development potential exists, with the possibility of re-entitlement for up to 39 units through the AB 1287 density bonus program. Currently, three existing apartment buildings totaling 13 units are included, and will be delivered vacant upon closing. These units have been removed from the rental market via Ellis Act filings. The property benefits from Beverly Hills' exceptional income and education demographics, with easy access to a Class-A office employment center and convenient proximity to other major employment hubs including Century City, West Hollywood, Culver City, and Mid-Wilshire. This presents a discerning developer with the chance to create a premier luxury multifamily project in one of the world's most desirable locations. The Beverly Hills Unified School District, one of the nation's top public school districts, serves the area, and the local population boasts impressive educational attainment, with 73.1% of residents aged 25 and over holding a Bachelor's, Graduate, or other professional degree. The projected average household income for 2028 is $186,513.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,935,000
- 6.5%
- $9,745,000
- 7%
- $11,045,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,165,000
- Geo Method
- $11,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,970,000
- Retail
- $10,210,000
- Mixed-Use
- $9,205,000
- Hospitality
- $10,530,000
- Educational
- $11,635,000
- Residential Income
- $10,940,000
- Energy
- $12,045,000
- Income-Based Land
- $10,870,000
- Food Service
- $9,985,000
Location Insight
- Map
- Local Demand
- City
- Beverly Hills
- County
- Los Angeles
- State
- California
- Longitude
- -118.393
- Latitude
- 34.0651
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
