Land for Sale in Beverly Hills, California

We are pleased to present 332 S. Doheny Drive, Beverly Hills, CA, an extremely rare development opportunity comprising 5,620 SF of alley-access land on one of Beverly Hills' most prestigious streets. The existing improvement is a vacant ~1,584 SF single-family residence with a detached rear garage. The offering renders a rare development opportunity on An exceptional 5,620 SF infill site located on prestigious Doheny Drive, in the heart of one of Southern California's most desirable residential markets. Flexible Multifamily Development Potential Zoned BHR4YY(R-4), offering a range of development options, including the ability to utilize California's State Density Bonus Program. The property boasts a convenient walkability, with close proximity to Rodeo Drive, Century City, and Beverly Center, along with an abundance of restaurants, cafes, shopping, and services. The approximately 0.129-acre (5,620 SF) lot benefits from rear alley access, adding valuable flexibility for site planning, parking, and overall project design. The property is fully entitled with approved plans for a 9-unit, 5-story multifamily building featuring rooftop amenities, with approvals secured through both the Beverly Hills Planning Dept and Architectural Dept. A buyer pursuing the existing project would inherit a complete pre-development package, including full architectural, structural, and MEP plan sets, geotechnical clearance, a CEQA exemption, and a recorded density bonus covenant, representing significant time and capital savings from day one. The site also qualifies for ministerial small lot subdivision under SB 1123, offering a streamlined path to three fee-simple luxury townhomes without discretionary review. Beverly Hills remains one of the most desirable and competitive rental markets in Los Angeles. Combined with the high barrier to entry for comparable development sites, this represents a compelling opportunity for creative investors seeking premier locations to build.