7901 Beverly Blvd
Los Angeles, CA 90048 Beverly Grove

Major price reduction! Seller motivated! Rare Los Angeles Mid-City West prime corner development opportunity. 3 concepts to choose from: 1) RTI fully entitled for 71 market rate units. Can easily upgrade to 78 units by changing a few units. 80,000 SF with approx. 10,000 SF retail. Roof top pool. 3 levels of subterranean parking. Art Deco style. 2) Plans need to resubmitted for 146 residential units. 11 low and and 11 moderate income units. Same parking and retail as above. 3) new entitlements and approval from planning for hotel and residential mixed-use. 95 hotel rooms. 90 residential units at market rate + a few affordable units. Retail stores. Historical facade. An increase in height by 3 stories. (Renderings and site plans by Howard Laks Architects).

The property has over 20 entitlements approved for the site which can be used on multiple developments. The cost and time to secure these entitlements is in the multi-millions. A full list of entitlements can be provided via our DD data room. Some may expire if not addressed in a timely manner (e.g. LADWP). 

Other creative development uses include multi-family; hospitality; luxury retail; and medical or office.