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427 N PALM Drive

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427 N PALM Drive | Beverly Hills, CA

$15,000,000

Incredible Beverly Hills Development Opportunity. Two Beverly Hills land parcels for sale with total land area of approx. 22,635 SF. Buyers have the opportunity to design and build up to 68,740 SF with 31 units & 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 SF. buildable, 20 units & 5 stories. Current tenants are all month to month with 60 days' notice. The property currently generates approx. $38K a month in rental income. Location is in high desirability area of Beverly Hills. APN #'s 4342-033-011 & 4342-033-021 must be purchased together.
Listing Provided by Lisa Rubel, The Agency

Based on information from California Regional Multiple Listing Service, Inc. as of July 7, 2017. 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. 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 contained herein may or may not have been the Listing and/or Selling Agent.