Marcus & Millichap is pleased to present 332 S. Doheny Drive, in Beverly Hills, CA. This extremely rare development opportunity features 5,620 SF of land with alley access, in Beverly Hills on Doheny Drive. The site is on 0.129 acres of land with 1 vacant single-family residence on site.
This offering presents a developer the opportunity to purchase land in the coveted Beverly Hills, located just 1.2 miles from Rodeo Drive. The parcel is zoned R-4, allowing a developer to build up to 3 units, plus one efficiency unit by-right. Additionally, the State Density Bonus program can be used to build up to 5 units, with one of the units being low-income.
The subject property is centrally located within the heart of Beverly Hills. A Doheny Drive address anchored by Olympic Blvd to the south and Wilshire Blvd to the north. A high walk score of 87 with close proximity to restaurants, cafes, shopping, services as well Rodeo Drive, Century City Plaza and Beverly Center.
- 332 S. Doheny Drive is a rare single parcel land development opportunity located in Beverly Hills between Olympic Boulevard and Wilshire Boulevard, only 1.2 miles from Rodeo Drive. The subject property is currently a vacant SFR on 5,620 SF, zoned BHR4YY (R-4).
- State Density Bonus program can be used to build up to 5 units, with one of the units being low-income.
- The subject property features a high walk score of 87 with close proximity to restaurants, cafes, shopping, services as well Rodeo Drive, Century City and Beverly Center.
- A very rare development opportunity in a highly desirable location with residential rents increasing consistently year over year.