Named after a suburb in Massachusetts, the City of Beverly Hills in California would eventually become synonymous with fame and fortune. Hollywood legends past and present have called it home, including Fred Astaire, Cher, and Taylor Swift. As the domain of the glitterati, it’s hardly surprising that Beverly Hills is a city of superlatives. It is home to historic estates, five-star hotels, and a tract of land which at one point had a price tag of $1 billion, making it the priciest piece of real estate on the planet at the time.
Average Home Prices
Home Price Per Square Feet
LIVE THE GOOD LIFE IN
Beyond the glitz and glamor, Beverly Hills offers world-class living that’s well worth the price of entry. Rodeo Drive, the world’s most famous shopping strip, brings together the who’s who of haute couture. Celebrity chefs like Wolfgang Puck, Nobu Matsuhisa, and Rick Bayless all have award-winning restaurants here.
Given its close association with Hollywood, Beverly Hills has a strong focus on arts and culture, too. The Wallis Annenberg Center for the Performing Arts gives residents a front-row seat to the world’s most talented musicians, dancers, and theater performers. The Academy of Motion Picture Arts and Sciences has its headquarters on Wilshire Boulevard and has a free gallery in its lobby. The city is also dotted with galleries and museums that feature the best in contemporary art.
With privilege also comes access. Beverly Hills is just a short drive away from bustling and vibrant Downtown Los Angeles. The Los Angeles International Airport (LAX) is just 10 miles away. Despite being one of the most famous addresses in the world, Beverly Hills is quite a small town with only about 35,000 residents. Neighbors know each other and their kids often attend the same schools. In short, Beverly Hills provides what every homeowner aspires to have: a great home in a great community.
THEN AND NOW
THEN AND NOW
Being revered has always been part of Beverly Hills’ history. The native Tongva people considered the place sacred because three streams converged at the nexus of what is now Beverly Drive and Sunset Boulevard. Fittingly, European explorers would call it El Rodeo de las Aguas — The Gathering of the Waters. In the 1800s, the land was granted to Maria Rita Valdez Villa, the widow of a Spanish soldier. El Rodeo de las Aguas would operate as a ranch for decades until the water dried up at the turn of the 20th century. Before long, however, the area would experience a rebirth. In 1906, Burton Green founded the Rodeo Land and Water Company to convert the one-time ranchland into a community called Beverly Hills. He commissioned Wilbur D. Cook, a leading landscape architect, to masterplan this development.
The Beverly Hills Hotel was constructed in 1912 to stimulate development and heighten the community’s profile. Hollywood stars Douglas Fairbanks and Mary Pickford would soon establish their mansion there, prompting Charlie Chaplin, Jack Warner, John Barrymore, and Gloria Swanson to follow suit.
Green’s vision would ultimately come true, as Beverly Hills is now one of Southern California’s most coveted neighborhoods. And just like the stars that call it home, the city draws huge crowds of people who want a peek into the lives of the rich and famous. Despite the spotlight, however, most Beverly Hills residents enjoy a private and laidback lifestyle. This is made possible by gated enclave communities that are off-limits to the public. And unlike the shops, restaurants, and bars in the city center, most establishments in the residential area shut down by 9 p.m. As such, the area can be described as a quiet suburban neighborhood that happens to be at the heart of a ritzy urban city.
BEVERLY HILLS AVERAGE HOME STATISTICS
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In Beverly Hills
LUXURY HOMES In BEVERLY HILLS
A premier address comes with premier real estate prices. Even a “starter” luxury home in Beverly Hills starts at around $3 million, and there are listings that command over $100 million. However, residents can attest that the world-class lifestyle is well worth the cost. There are about 70 pocket communities around Beverly Hills, including Mulholland Estates, Oak Pass Road, and The Summit. The most coveted neighborhood is the ultra-exclusive North Beverly Park, where everyone from actor Sylvester Stallone to billionaire Sumner Redstone owns a home. Low turnover in this small neighborhood attracts strong interest among buyers whenever a property becomes available. To preserve the character and prestige of the area, homes must be built according to the city’s residential design catalog. Approved architectural styles include American Colonial, Spanish Colonial, Rural European Revival, Period Revival, and Contemporary. Keep this in mind as you search for properties in the area. Properties in the Beverly Hills luxury real estate market typically have at least six bedrooms and measure about 10,000 sq. ft. on average. You will also find palatial mansions with over 15 bedrooms and have stunning views of Downtown L.A. Those looking for a more affordable entry point into Beverly Hills should consider buying a townhouse or condominium unit instead. This list anywhere from the high six to the low seven figures.
Top luxury home features
The best homes in Beverly Hills have amenities that make everyday living a delight. Among the top features you’ll see when you view a property are:
Resort-style pools. Taking a dip feels like taking a mini vacation, as pools in Beverly Hills often crib their designs from the world’s best resorts.
Spa bathrooms. Natural stone tiles, heated flooring, soaking tubs, rainfall showers, and dual vanities are par for the course in luxury homes.
Designer dressing rooms. This feature makes you feel as if you’re walking into a boutique store with its lounge seating and display cases for handbags and shoes.
Home gyms. Beverly Hills residents bring fitness closer to home with a private gym, whose newest equipment often rival even those of the most exclusive health clubs.
Entertainment centers. For a city known for celebrities and film making, a home theater is a must-have feature for high-end homes.
Chef’s kitchens. Luxury homes are perfect for entertaining guests. And a gourmet kitchen gives you everything you need to host showstopping dinner parties.
Outdoor living spaces. Homes in Beverly Hills often sit on expansive lots. Owners often maximize this space by putting up porches, outdoor grills, and gazebos.
STEPS TO BUYING A HOME IN BEVERLY HILLS
Proper planning ensures that you’ll find the perfect home for the perfect price. Keep these steps in mind when house hunting:
Get your finances in order. Set a budget, get pre-approved for a mortgage, and make sure you have all of your financial paperwork in order.
Define your dream home. It’s easier to start searching if you already know what features you want in a home. Be sure to identify which are crucial and which are optional.
Hire a reputable real estate agent. Only work with a duly licensed agent who has deep experience in helping buyers find homes in Beverly Hills.
Shortlist properties. Narrow down the listings your agent recommends to those that suit your needs, preferences, and budget. Then request to view the properties you have shortlisted.
Make an offer. Work with your agent to identify the prevailing home values in the area you’re buying in. This ensures that your offer accurately reflects the market value of the seller’s property—and boosts your chances of clinching it.
Enter escrow. You enter into escrow once the seller accepts your offer; it involves conducting due diligence and finalizing the purchase. Order a title check, have the property appraised, get a home inspection, finalize your loan application, etc.
Close on the property. If everything checks out, you can officially sign the dotted line, and ownership of the home will be transferred to you
STEPS TO SELLING A HOME IN BEVERLY HILLS
The good news: luxury homes in Beverly Hills are always in high demand. And these steps will help you sell your home even faster:
Hire a real estate agent. Selling a home is a complex process that covers everything from real estate law to effectively marketing a property online. A Realtor has the expertise to ensure a fast and smooth home sale.
Decide on the selling price. Ask your agent to prepare a comparative report that shows how much properties similar to yours have sold for in the past.
Stage your property. Prepare your home to make it as attractive and marketable as possible. This involves decluttering your home, conducting repairs, and perhaps even doing some renovations.
Begin marketing it. Your agent should use both offline and online tools to market your home. They can also help you hire professional photographers and videographers who can effectively capture what makes your home special.
Show your property. Interested parties will want to view the property before making an offer. This can be done in-person or remotely using teleconferencing tools.
Accept the offer. Review the offers and decide which buyer to sell your home to. Prioritize buyers who have mortgage pre-approval—this minimizes the chances of the deal falling through because they couldn’t secure a loan.
Enter into escrow. The buyer often deposits a non-refundable “goodwill” payment to assure you that they will proceed with the purchase. The escrow phase is also the time to address repairs or issues the buyer has with the home.
Close on the property. Closing the deal means agreeing to formally transfer ownership of your home to the buyer. Begin making plans to vacate and turn over the property
The best highlights Of Beverly Hills
The Beverly Hills
Buying a property in Beverly Hills means gaining access to its sophisticated lifestyle and excellent amenities. Below are just some of the things you can look forward to:
Leisure. For all its Hollywood fame, Beverly Hills is a fairly small community dotted by private neighborhoods. It’s a place where you can take it slow and enjoy the finer things in life. Brunch at The Polo Lounge is a rite of passage for new residents (be sure to follow its strict dress code).
Weather. Beverly Hills’ weather is warm without being scorching. The average temperature ranges from 48°F to 81°F, with June to October being especially pleasant.
Shopping. You can’t talk about shopping in Beverly Hills without talking about Rodeo Drive. A particular highlight is Two Rodeo, a European-inspired district complete with cobblestone streets. The most prestigious names in high fashion are all here, from Armani to Zadig & Voltaire.
Dining. No matter what you’re craving, Beverly Hills’ diverse set of restaurants is sure to satisfy. The Belvedere at the Peninsula Hotel is Southern California’s only AAA Five Diamond restaurant. Wolfgang Puck’s Spago is considered by many as having the best wine list in the country. Nozawa serves the most exquisite sushi—and entertains only 10 diners a night.
Education. Great schools make Beverly Hills one of the most family-friendly communities in Los Angeles. Niche.com gives Beverly Hills High School a glowing A+ grade owing to its excellent curriculum, teachers, and college preparedness. USNews.com adds that at least 60% of students here take advanced placement classes.
Attractions. There’s plenty more to see and experience in Beverly Hills apart from the usual tourist attractions. Greystone Mansion and Gardens is a stunning Tudor Revival home built in the 1920s, and has appeared in films such as “The Bodyguard,” “The Social Network,” and “Spider-Man.” The Revolver Gallery, meanwhile, is a shrine to pop art icon, Andy Warhol. For some family-friendly fun, visit Coldwater Canyon Reservoir Park, which has picnic spots, a playground, and various artwork.
Proximity. Beverly Hills is just a short drive to Downtown L.A. and its thriving art, culinary, and shopping scenes. And the iconic Santa Monica Boulevard is only about 11 kilometers away. If you’re always jetting away, you’ll be glad to learn that LAX is just around 20 minutes from Beverly Hills.
Call Beverly Hills Home
With its ritzy, leafy neighborhoods, world-class lifestyle, and stunning homes, Beverly Hills is truly the crown jewel of Southern California real estate. If you’d like to call it home, work only with the area’s top agent: Ben Kruger.
Ben’s integrity, sincerity, and professionalism have made him one of the top-producing agents in Los Angeles. He played a key role in the sale of XTEN Architecture’s Nakahouse and has represented distinguished clientele such as the Getty family and Ferrari of Beverly Hills/North America.
The key to Ben’s success is his close attention to a client’s needs. He uses active listening to draw crucial insights that allow him to craft bespoke strategies for each and every client.
Ben specializes in some of California’s most prestigious neighborhoods, including Santa Monica, Venice, Brentwood, Pacific Palisades, Malibu, West Los Angeles, West Hollywood, Sunset Strip, Hancock Park, The Hollywood Hills, and The San Fernando Valley.
He caters to buyers, sellers, and property investors alike. Ben helps clients buy or sell a wide assortment of properties, such as condominiums, single-family homes, and multi-family properties.