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Development Site Trades at Edge of West Hollywood and Beverly Hills
A prime property at the edge of West Hollywood and Beverly Hills has sold for development. Located at 400-430 S. San Vicente Blvd. two blocks from the Beverly Center, the site has been occupied by a 17,228-square-foot retail center. Kidder Mathews EVP Janet Neman represented the owner, an LA-based private investor, in selling the 28,497-square-foot lot for land value to Oklahoma Rock Holdings and The Abraham Companies.
“Developments are trending due to the shortage of housing in Southern California,” said Neman. “This development will fulfill the strong demand for luxury residential units in one of the most desirable areas of Los Angeles.”
The buyers plan a luxury mixed-use development with 100-plus multifamily units and ground-level retail and restaurant space. “This is an exciting opportunity to address the city’s housing needs with a thoughtfully designed project that will be compatible with the surrounding neighborhood,” said J.J. Abraham, president of The Abraham Companies
- ◦Sale/Acquisition
- ◦Development


