214 South Hamilton Drive

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214 South Hamilton Drive

Beverly Hills, CA 90211
Asking Price
$8.50M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel available for sale in Beverly Hills.
  • Approved for the development of 90 residential units.
  • Property development benefits from established Builder's Remedy provisions.
  • Prime site located in close proximity to a transit station.
  • Asking price for this development opportunity is $8,500,000.

What's Special

This residential land site in Beverly Hills is available for sale, presenting a strategic acquisition for developers focused on high-density multifamily projects. Situated near a transit hub, the parcel benefits from proximity to key infrastructure and the steady demand for housing within the greater Los Angeles metro area. The site is positioned to take advantage of Builder's Remedy provisions, providing a streamlined path for substantial residential development. With Beverly Hills approval already secured for 90 units, the property offers a clear path forward for construction planning and project execution. Investors and builders targeting urban infill opportunities will find the location conducive to creating long-term value in a supply-constrained market. The site scale allows for significant density, accommodating a modern residential complex that caters to the local workforce and regional population growth. Developers can leverage the established entitlement status to expedite the transition from acquisition to groundbreaking, solidifying their footprint in a premier California submarket.

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NOI
$80,000
Cap Rate
0.94%
DSCR
0.16
Underwater
Cash-on-Cash
-16.65%
Monthly Payment
$42,053.362
Annual Cash Flow
$-424,640.347

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