208 N Crescent Dr

CBRE, as exclusive agent, is pleased to present for sale 208 N. Crescent Drive, a fully entitled multifamily development opportunity located in the heart of Beverly Hills. Approved to build 10 apartment units, the project includes substantial surplus non-livable community space allowing for the addition of two (2) accessory dwelling units (“ADUs”) for a total of 12 apartment units. Thoughtfully designed by Kevin Tsai Architecture, the project has been approved by the City and will be delivered permit-ready so that construction can begin immediately upon the close of escrow.

Nestled between Clifton Way and Dayton Way, just north of Wilshire Boulevard, 208 N. Crescent Drive is across the street from the world-famous Golden Triangle of Beverly Hills. This consummate location boasts a Walk Score® of 96 and presents easy access to amenities such as Whole Foods Market, Erewhon Beverly Hills and Equinox Beverly Hills. Future residents will have an unparalleled lifestyle experience with the ability to walk to the luxury retail shops on Rodeo Drive or to several fine dining establishments including destination Michelin-starred restaurants.
The new development at 208 N. Crescent Drive will feature 10-units with excess non-livable space to add two (2) ADUs on the ground level, for a total of 12-units. The excellent unit mix is comprised of one (1) studio unit, four (4) one-bedroom units, five (5) two-bedroom units and two (2) three-bedroom units. Building amenities will include subterranean parking, a formal lobby and a rooftop sundeck. The rooftop sundeck will have a spa, two fireplaces with lounge seating, and a barbecue area with bar seating. The site is currently improved with a single-family home that has been vacant for approximately 10 years.
Surrounded by exceptional demographics, the proposed development is a short five-minute walk to the Wilshire/Rodeo Purple Line Metro station, which is expected to be operational in 2026. The Metro Purple Line will connect Beverly Hills to Westwood, Century City, Mid-Wilshire, Koreatown and Downtown Los Angeles.
This central Beverly Hills location places residents at the heart of opportunity, with easy access to employment hubs like Century City, West Los Angeles, Culver City, West Hollywood, and Mid-Wilshire, not to mention 1.4 million square feet of Class-A office space located within walking distance to the property.
208 N. Crescent Drive is a prime, entitled development opportunity poised to attract discerning developers seeking a piece of the highly sought-after Beverly Hills market. This property offers strong future rental income potential and long-term value appreciation.