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332 S Doheny Dr 0.13 Acres of Residential Land Offered at $2,985,000 in Beverly Hills, CA 90211
Investment Highlights
- Extremely rare development opportunity comprising 5,620 SF of alley-access land on one of Beverly Hills’ most prestigious streets.
- Flexible Multifamily Development Potential – Zoned BHR4YY (R-4), offering a range of development options.
- The property is fully entitled with approved plans for a 9-unit, 5-story multifamily building featuring rooftop amenities.
- The existing improvement is a vacant ~1,584 SF single-family residence with a detached rear garage.
- Ability to utilize California’s State Density Bonus Program.
- Also qualifies for ministerial small lot subdivision under SB 1123, offering a streamlined path to three fee-simple luxury townhomes.
Executive Summary
The Neema Group of Marcus & Millichap is pleased to present 332 S. Doheny Drive, Beverly Hills, CA, an extremely rare development opportunity comprising 5,620 SF of alley-access land on one of Beverly Hills’ most prestigious streets. The existing improvement is a vacant ~1,584 SF single-family residence with a detached rear garage. The offering renders a rare development opportunity on an exceptional 5,620 SF infill site located on prestigious Doheny Drive, in the heart of one of Southern California’s most desirable residential markets.
Flexible Multifamily Development Potential – Zoned BHR4YY (R-4), offering a range of development options, including the ability to utilize California’s State Density Bonus Program. The property boasts a convenient walkability, with close proximity to Rodeo Drive, Century City, and Beverly Center, along with an abundance of restaurants, cafes, shopping, and services. The approximately 0.129-acre (5,620 SF) lot benefits from rear alley access, adding valuable flexibility for site planning, parking, and overall project design. The property is fully entitled with approved plans for a 9-unit, 5-story multifamily building featuring rooftop amenities, with approvals secured through both the Beverly Hills Planning Commission and Architectural Commission.
A buyer pursuing the existing project would inherit a complete pre-development package, including full architectural, structural, and MEP plan sets, geotechnical clearance, a
CEQA exemption, and a recorded density bonus covenant, representing significant time and capital savings from day one. The site also qualifies for ministerial small lot subdivision under SB 1123, offering a streamlined path to three fee-simple luxury townhomes without discretionary review. Beverly Hills remains one of the most desirable and competitive rental markets in Los Angeles. Combined with the high barrier to entry for comparable development sites, this represents a compelling opportunity for creative investors seeking premier locations to build.
Flexible Multifamily Development Potential – Zoned BHR4YY (R-4), offering a range of development options, including the ability to utilize California’s State Density Bonus Program. The property boasts a convenient walkability, with close proximity to Rodeo Drive, Century City, and Beverly Center, along with an abundance of restaurants, cafes, shopping, and services. The approximately 0.129-acre (5,620 SF) lot benefits from rear alley access, adding valuable flexibility for site planning, parking, and overall project design. The property is fully entitled with approved plans for a 9-unit, 5-story multifamily building featuring rooftop amenities, with approvals secured through both the Beverly Hills Planning Commission and Architectural Commission.
A buyer pursuing the existing project would inherit a complete pre-development package, including full architectural, structural, and MEP plan sets, geotechnical clearance, a
CEQA exemption, and a recorded density bonus covenant, representing significant time and capital savings from day one. The site also qualifies for ministerial small lot subdivision under SB 1123, offering a streamlined path to three fee-simple luxury townhomes without discretionary review. Beverly Hills remains one of the most desirable and competitive rental markets in Los Angeles. Combined with the high barrier to entry for comparable development sites, this represents a compelling opportunity for creative investors seeking premier locations to build.
Property Facts
| Price | $2,985,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Zoning | BHR4YY (R-4) | ||
| Price | $2,985,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.13 AC |
| Zoning | BHR4YY (R-4) |
1 Lot Available
Lot
| Price | $2,985,000 | Lot Size | 0.13 AC |
| Price Per AC | $23,140,611.19 |
| Price | $2,985,000 |
| Price Per AC | $23,140,611.19 |
| Lot Size | 0.13 AC |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4331-025-026 | Improvements Assessment | $53,060 |
| Land Assessment | $2,016,295 | Total Assessment | $2,069,355 |
Property Taxes
Parcel Number
4331-025-026
Land Assessment
$2,016,295
Improvements Assessment
$53,060
Total Assessment
$2,069,355
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332 S Doheny Dr