Secret Neighborhood in Los Angeles Boasts Highest Number of Billionaires

BEVERLY HILLS, Calif., Oct. 7, 2014 /PRNewswire/ -- It may not have a name that people instantly recognize around the world, like Beverly Hills, but North Beverly Park located in the famous 90210 zip code, is a quietly kept secret. Home to a number of high net worth individuals, including the highest concentration of billionaires in all of Los Angeles, the enclave is ironically proving to be a bargain in the stratospheric LA housing market.

With a total of 54 homes, North Beverly Park's residences are pricing out at under $1,660 per square foot, significantly less than estates in LA's other rarified environs –– Beverly Hills, Bel Air, Pacific Palisades and Sunset Strip, which are now edging upwards of $3,000 per square foot, according to MLS data for Los Angeles county.

At Douglas Elliman's Beverly Hills office, Michelle Oliver of Douglas Elliman has completed over ten lease/sale transactions in North Beverly Park and has sold the highest priced homes in the Beverly Hills Post Office zip code for the past two years in a row. Currently, their listing at 34 Beverly Park Circle (http://www.michelleoliver.com/properties/#/34-beverly-park-beverly-hills-90210/) is available at $25,000,000. "It's just a matter of time until North Beverly Park achieves $2,500-3,000 per square foot…but for now it's actually the best deal in town," they say. Last year, the buyer of reality star Lisa Vanderpump's $18.9 million mansion decided to tear it down for the land value.

Bordering the protected lands of the Franklin Canyon Reservoir, through the most heavily guarded and gated security in the city, the immaculate grounds of "Billionaires Row" offer every hedge trimmed to perfection, a five-acre park with a waterfall, a running track, spectacular views, and level land in two-acre plus parcels. Tall gates are designed to create a compound within a compound –– the average home is around 20,000 square feet and some homes can be sold fully furnished with a complete staff. The location is minutes to world class shopping in Beverly Hills as well as close to Van Nuys airport, which accommodates private jets.

For more information about their listing at 34 Beverly Park, photographs of North Beverly Park or to interview Michelle Oliver on Los Angeles's luxury real estate market, please contact: Michelle Oliver at [email protected], (310) 500-6111 cell, or (310) 734-2653.

Website: http://www.michelleoliver.com/
Facebook: https://www.facebook.com/MichelleOliverRealEstate/
Twitter: https://twitter.com/moliverRE
Instagram: https://www.instagram.com/michelleoliverrealestate/
Linkedin: https://www.linkedin.com/in/michelleoliverrealestate

Douglas Elliman 150 El Camino Drive Suite 150 Beverly Hills 90210

Media Contact:
Michelle Oliver 
[email protected] 
310-734-2653 
150 El Camino Drive Suite #150 Beverly Hills, CA 90212
http://www.michelleoliver.com/  

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SOURCE Luxury House