The Beverly Hills neighborhood developed in the late 1920s and early 1930s after Hancock Park as Los Angeles grew west. Known for shopping and mansions that house the stars, these four exclusive zip codes including the most famous “90291” are highly sought-after living areas. Encircled by Bel-Air and the Santa Monica Mountains, West Hollywood, and Beverlywood, this affluent area lined with palm trees and fancy buildings befits its nickname “The Garden Spot of the World.” The city limits can be roughly described as the area surrounded by the Los Angeles Country Club and Century Park Drive to the Southwest, Whitworth Drive to the South, variously Doheny Drive/Robertson Blvd/San Vicente Blvd to the East, and the Hollywood Hills to the North.
The area’s “Platinum Triangle” of wealthy neighborhoods is formed by Beverly Hills and the Los Angeles neighborhoods of Bel Air and Holmby Hills. Beverly Hills contains some of the largest homes in Los Angeles County and the nation. These homes range from the extravagant and luxurious in size, to the more elegant and modern homes, and then to the many small duplex rental units and detached homes
Q1 2023 for the period ending March 31, 2023 per the Multiple Listing Service:
Beverly Hills – The average single family home sale was $8,555,300 for a 4,763 square foot home on a 15,505 square foot lot. A total of 25 homes sold in an average of 52 days on market.
Beverly Hills Post Office – The average single family home sale was $13,535,625 for a 5,974 square foot home on a 50,567 square foot lot. A total of 42 homes sold in an average of 59 days on market.