$2,985,000
Beverly Hills, CA 90211
Los Angeles
County
Land
Property Type
We are 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 Dept and Architectural Dept. 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.
$15,887/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
Last updated: October 21, 2026 at 8:45 PMThe multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
