Apartment building insurance in Beverly Hills (90212)
Beverly Hills (90212) is a small-building market. The average apartment building here has 9.2 units in about 9,443 square feet, so most owners are buying one commercial policy for one building, and every limit on it is a decision they make personally rather than one a portfolio hides.
What this means for a building in Beverly Hills (90212)
- Age. The median apartment building here was built in 1940, and 100% are pre-1978. That is the ordinance and law and soft-story conversation. Why it matters.
- Size. The average building is 9.2 units and about 9,443 square feet, which puts replacement cost near $3,068,975 at $325 per square foot.
- Rent regulation. Beverly Hills rent stabilization covers buildings built before 1995, which slows a rebuild and argues for 18 to 24 months of loss of rents.
- Market. One building sold here in the last six months, and that buyer inherited a policy that was probably wrong on at least one of the four gaps.
- Price. Older buildings across LA County are paying $1,500 to $2,500 per unit per year. What drives it.
What I would check first on a building in Beverly Hills (90212)
If you sent me an address here, I would start with the electrical panel and the wiring, because a median year built of 1940 means original service in a lot of these buildings. Then the ordinance and law limits, since 100% of the buildings here would have to be rebuilt to today's code. After that, the loss of rents months, because a rent-regulated rebuild pays back slowly and twelve months runs out first. Every one of those is public record, and checking them costs you nothing.
Nearby areas
The same public records for the areas next door.
- Beverly Hills (90211) 170 buildings
- Compton (90221) 176 buildings
- Bell Gardens (90201) 1,021 buildings