346 North Maple Drive

PartnersCRE is proud to present a rare opportunity to acquire an exciting and new type Builder’s Remedy Opportunity

of entitled site in the City of Beverly Hills, one of the most coveted and supplyconstrained municipalities throughout the nation.

The 7,961 SF site has been entitled utilizing the state Housing Accountability Act

Builder's Remedy provisions, securing approvals for a 12-story multi-family

development with 65 units. At a maximum height of 124 feet, the residential tower

would consist of 52 market rate units and 13 lower-income units.

The Project design features 11 residential levels with 31 studios, 23 one-bedrooms,

and 11 two-bedrooms, plus a rooftop deck, balconies, and 15 parking spaces. The

subterranean parking level will include bicycle parking, utility rooms, the elevator lobby

(for dual elevators), and two staircases with direct access to the roof. The ground level

includes a generous lobby with a high ceiling. The design is stacked to simplify

construction, providing for savings in time and materials.

With the Builder’s Remedy Covenant and Agreement entitlement in place, skip the

biggest headache and go direct to Plan Check, bypassing the lengthy discretionary

approval process typical of projects at this scale.

Priced at just under $100,000 per buildable door, the offering represents compelling

land value for an address that commands some of the highest residential rents in the

Los Angeles area. A developer delivering a full-service, design-forward building here

will find a ready pool of discerning renters willing to pay a premium for quality,

location and views, there being no other buildings of this stature anywhere nearby.

The site is positioned steps from the Beverly Hills Triangle, home to the city's most

celebrated collection of flagship retail, fine dining, and five-star hotels, and sits

directly adjacent to the Beverly Hills Tennis Club, with high-end offices and

professional tenants across the street. The surrounding area exhibits the kind of

affluent, amenity-rich neighborhood that attracts the most discerning renters, with the

added prestige of living at the only 12-story building supporting premium long-term

rents and renters.

Opportunities to build at this scale in the City of Beverly Hills, with entitlements already

in place, are exceptionally rare. These types of outlier projects, outsized for the area

and fully in disagreement with the local zoning standards, may never get approved

again!

The property currently houses an eight unit apartment building with seven tenants.

This offering represents a rather unique, possibly singular chance to deliver a landmark

residential project in one of the world's most recognized and desirable addresses,

creating a trophy investment that can become your next generational asset!