Beverly Hills Apartment Buildings

The thing that decides value here is which of the city's two ordinances governs each unit. Chapter 5 covers buildings built before September 20, 1978 whose original monthly rent was $600 or less — a two-part test, not vintage alone — and its maximum increase currently sits at 3.34%, revised monthly, most recently July 14, 2026. Chapter 6 covers essentially everything else at 3.6%, revised each June. Registration is due within 30 days of executing a lease and unused increases cannot be banked. Deals here go sideways late when a buyer's analyst tests the unit-level chapter assignments and something does not reconcile, so getting that clean pre-market is price protection. Also worth knowing: Measure ULA does not apply, because this is not LA City. I have not closed in Beverly Hills proper — my comparable book here is the surrounding ring: West Hollywood, Beverlywood, Century City, Westwood, Fairfax and Hancock Park.

— Michael Sterman, Senior Managing Director Investments, Marcus & Millichap