Oil was discovered in Beverly Hills in 1900, but that didn’t stop the city from subdividing its land and paving the way for development of some of the world’s more expensive real estate. Today Beverly Hills is unofficially divided into north and south by Santa Monica Boulevard. The northern section comprises nothing but high-end residential estates while the area south of Santa Monica contains a high preponderance of in-demand multifamily real estate commanding big rents. The buildings in this area are the epitome of trophy assets often held by their owners for generations.
Market Stats - 2020
Overview - Annual Sales Stats
BUILDINGS SOLD
4
AVERAGE SALE PRICE
$3,888,798
AVERAGE PRICE PER UNIT
$648,133
AVERAGE PRICE PER SQUARE FOOT
$628Rent vs Vacancy - Historical*
*Data Source: CoStarBuildings Sold - Historical