8800 Burton way, Beverly Hills, CA 90211
Active
$11,495,000
24 Units
0 Beds
0 Baths
34,865 Area(sq.ft.)
Lot: 10,951 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3.50 | No | $ 14,995 | n/a | $ 14,995 |
| Unit 2 | 18 | 2 | 2.50 | No | $ 9,995 | n/a | $ 9,995 |
| Unit 3 | 5 | studio | 1.50 | No | $ 5,995 | n/a | $ 5,995 |
| 24 | 39 | 68 | $ 224,880 | $ 0 | $ 224,880 |
| MLS #: | 25509823 |
| Days On Market: | 270 |
| Listing Date: | March 11, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 330 |
| Price per unit: | $ 478,958 |
Property Details
We are pleased to present a unique and rare opportunity to acquire "The Burton Beverly Hills" a 24-Unit luxury mixed-use development project located at 8800 Burton Way in prestigious Beverly Hills, CA. The Burton Beverly Hills is located in the southwest corner of Burton Way and Robertson Blvd., most desirable demanded location in highly prestigious Beverly Hills. This project has been approved with the city of Beverly Hills for 24-Luxury apartment units and commercial space. Property will be delivered with Ready-To-Issue (RTI) permits. The Burton Beverly Hills would be a six-story building construction consist of 32,604 SF. residential space and 2,261 SF. commercial space. The project features a diverse unit mix, including (1) three-bedroom, three baths penthouse unit, (18) two bedroom, two baths, and (5) studio, one baths. Residents will enjoy 42 parking spaces on two subterranean levels and premium amenities. This generational legacy asset is located in a vibrant area, with nearby amenities including restaurants, shops, supermarkets, Beverly Hills Unified Schools, Beverly Hills City Hall, Melrose/Robertson, Cedars-Sinai Medical Center, Beverly Center and many more attractions. Don't' miss this opportunity to bring this luxury premium multifamily mixed-use project in the most sought location of Beverly Hills. Developer's and investors, with Ready-to-Issue (RTI) permits makes this project even more attractive!!!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 2,617,603 |
| Total Annual Expense: | $ 866,238 |
| Net Operating Income: | $ 1,832,322 |
| Gross Annual Income: | $ 2,698,560 |
| Gross Rent Multiplier: | 11.50 |
Structure
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | BHC3YY |
| Parking Garage: | Subterranean |
Interior
| AC/Cooling: | Central |
| Equipment: | Built-Ins, Bar Ice Maker, Cable, Dishwasher, Dryer, Electric Dryer Hookup, Elevator, Freezer, Garbage Disposal, Microwave, Intercom, Ice Maker, Refrigerator, Range/Oven, Washer, Trash Compactor, Alarm System |
| Heating: | Central |
Exterior
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