401 North Oakhurst Drive

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401 North Oakhurst Drive

Beverly Hills, CA 90210
Asking Price
$6.20M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Residential land parcel located at 401 North Oakhurst Drive
  • Prime development site situated within the 90210 zip code
  • Approved for a 25-unit multi-family Builder’s Remedy project
  • Offered for sale at a price point of $6,200,000
  • Located in a high-demand Beverly Hills residential submarket

What's Special

This residential land parcel at 401 North Oakhurst Drive presents a strategic acquisition in the heart of Beverly Hills, California. Spanning a prime 90210 zip code location, the property benefits from established municipal interest and project viability, currently holding Beverly Hills approval for a 25-unit Builder’s Remedy project. This site offers significant development potential for investors and residential builders looking to capitalize on high-demand housing inventory within one of the most recognized real estate markets in the country. The surrounding area features a dense urban environment supported by a robust local economy and consistent demand for multi-family residential assets. Developers may utilize this approval to streamline the construction process, potentially yielding a modern apartment or condominium complex tailored to the local demographic. Given the constraints and requirements of California housing legislation, this opportunity serves as a clear path forward for entities seeking to expand their residential footprint in a prestigious Southern California submarket.

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NOI
$80,000
Cap Rate
1.29%
DSCR
0.22
Underwater
Cash-on-Cash
-15.49%
Monthly Payment
$30,674.217
Annual Cash Flow
$-288,090.606

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