427 N. Palm Drive | Beverly Hills
Incredible Beverly Hills Development Opportunity. Two Beverly Hills land parcels for sale with total land area of approximately 22,635 square feet. Buyers have the opportunity to design and build up to 68,740 square feet with 31 units and 5 stories, as verified with the Department of Planning, City of Beverly Hills, or buyer can use current entitled plans and design approved by the City of Beverly Hills with 55,090 square feet. buildable, 20 units and 5 stories. Current tenants are all month to month with 60 days’ notice. The property currently generates approximately $38,000 a month in rental income. Location is in high desirability area of Beverly Hills. APN #’s 4342-033-011 and 4342-033-021 must be purchased together.
Property Details for 427 N. Palm Drive | Beverly Hills
- Price $15,000,000
- Square Footage 12,810
- Neighborhood Beverly Hills
- Lot Size 14,366
- Year Built 1941