211-217 S. Hamilton Drive€¦ · Elizabeth Clark Kris Lowry 211-217 S. Hamilton Drive, Beverly Hills, CA 90211 •

211-217 S. Hamilton DriveBeverly Hills, CARare Four Parcel Development Site in the Heart of Beverly Hills

The Offering 3

Property at a Glance 4

Development Summary 5

Property Photos 6

Neighborhood Map 12

Nearby Developments 13

Metro: Purple Line 14

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

Elizabeth ClarkSenior Vice President

310. 740. [email protected] 01811246

Exclusively Listed By

Kris LowrySenior Associate

424. 249. 7118 [email protected] 01985661

3211-217 S. Hamilton Drive, Beverly Hills, CA 90211 • Offering Memorandum Compass Commercial • Elizabeth Clark | Kris Lowry

211-217 S. Hamilton Dr.The Offering

Highlights

• Rare Four Parcel Development Site in the Heart of Beverly Hills

• Close Proximity to the Newly Extended Purple Line

• Potential to Build 24 Units (including 1 efficiency) by Right and Up to 33 Units (including low income) With Density Bonuses*

• Beverly Hills School District

• Close Proximity to 10, 101, and 110 Freeways

Walking Distance to:

• World Famous Rodeo Drive • Beverly Center

• World Famous Restaurants • The Grove

• La Cienega Park • Saban Theatre

• Los Angeles County Museum of Art • Wilshire Galleria

• Petersen Automotive Museum

Buyer to verify.

Beverly Hills, location Compass Commercial is pleased to present 211-217 S Hamilton Drive. This is a very rare opportunity to purchase an ideal condo development site in the heart of Beverly Hills. Spread over four contiguous parcels this project allows for twenty-four (24) units, including one (1) efficiency unit to be built by right. There is the potential to build up to thirty-three (33) units, including low-income units, with density bonuses*. This site is quintessentially located just a short walk from exceptional dining, entertainment, shopping and cultural experiences. Iconic attractions including Rodeo Drive, The Grove, The Original Farmers Market, and the Beverly Center are all conveniently located within a short radius of the property, attracting only the upper echelon tenant base. With immediate access to Wilshire, San Vicente, and La Cienega Boulevards and world-famous restaurants and walkable retail, this is a premier location for new development.


211-217 S. Hamilton Dr.Property at a Glance

Price

Lot Size

Zoning

Price/ Sq Ft

$14,900,000

20,800 Sq Ft

R-4

$716.35

Potential # of Units 33 (Including Low Income)

Price/Potential Unit $ 451,515.15

Frontage 160 ft on Hamilton Dr

Major Intersection La Cienega Blvd & Wilshire Blvd

Sale Type Development Site

Current Use(s) 3 Duplexes and a Single Family Residence

APN(s) 4333-028-010, 011, 012, 013

No. of Lots 4


211 S. Hamilton Dr.

213 S. Hamilton Dr.215 S. Hamilton Dr.

217 S. Hamilton Dr.



La Cienega Blvd

Rodeo DriveWest Hollywood

Century City



211 S. Hamilton Dr.

213 S. Hamilton Dr.


215 S. Hamilton Dr.

217 S. Hamilton Dr.


211-217 S. Hamilton Dr.211-217 S. Hamilton Dr.Neighborhood Map

La Cienega Park and Tennis

World Famous Rodeo Drive just a few blocks down Wilshire

Wilshire Blvd

Subject Property


211-217 S. Hamilton Dr.

140 S. Lasky Drive

425 N. Palm Drive

8600 Wilshire Boulevard



211-217 S. Hamilton Dr.Nearby Developments

Subject Property


211-217 S. Hamilton Dr.

One of Metro’s priority projects, the Purple Line Extension is a critically important rail project that will provide a high-capacity, high-speed and, dependable alternative for commuters to travel between downtown Los Angeles, the Miracle Mile, Beverly Hills and Westwood.

From the current terminus at Wilshire/Western, the Purple Line Extension will extend westward for about nine miles and add seven new stations providing easy access to the Westside, our region’s second-largest job center. Travel time between downtown Los Angeles and Westwood is expected to be about 25 minutes.

The U.S. Department of Transportation will issue a $1.3 billion grant to Metro for the final phase of the Purple Line subway extension - the last major piece of funding required to complete construction.

The funding agreement, announced on February 11, 2020 by Senator Dianne Feinstein, will cover more than one third the $3.6-billion price tag for the third section of the Purple Line extension, which will span roughly 2.5 miles between Century City and the Veterans Administration Campus in Westwood. The remaining funds will come from local sales tax revenue, as approved by Los Angeles County voters.

Construction of the Purple Line extension is split into three segments, two of which are already in the midst of construction. The seven-mile extension will include seven new stations, located in the Miracle Mile, Beverly Hills, Century City, and Westwood. The three sections are expected to open in 2023, 2025, and 2027 - one year prior to the 2028 Summer Olympic Games.

According to Metro, the Westside ranks as the second largest job center in the Los Angeles area, with more than 300,000 commuters traveling to the area each weekday. Metro anticipates that the full extension will generate approximately 49,300 daily riders on its own, and result in approximately 78,000 new daily trips on the full Metro rail system.

"Los Angeles is in the midst of a once-in-a-generation moment for public transportation," said Los Angeles Mayor Eric Garcetti in a statement. "The idea of linking the Westside to Downtown is no longer a distant dream, but a reality that's within our grasp."

Metro: Purple Line211-217 S. Hamilton Dr.

For more information please contact our exclusive sales agents:

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01866771. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All mea-surements and square footage are approximate.

ELIZABETH CLARKSenior Vice President

310. 740. [email protected] DRE 01811246

KRIS LOWRYSenior Assocaite

424. 249. 7118 [email protected] 01985661

Documents

211-217 S. Hamilton Drive€¦ · Elizabeth Clark Kris Lowry 211-217 S. Hamilton Drive, Beverly Hills, CA 90211 •