SoldBroker Activity · Entry № 156

The 500 Block of Beverly Hills Flats Printed $1,958/SF

Listed over $2,200 a foot. Closed September 2 at $1,958.

PublishedSeptember 6, 2026
StatusSold · Just Closed
DatelineThe Tape · Beverly Hills Flats, Beverly Hills
508 N Canon Dr hero photo
LISTING PHOTO VIA REDFIN / THEMLS
Four takeawaysFour things an operator sees in this trade
  1. The close.This is the 500 block of N Canon in the Beverly Hills Flats  and the market was asking over $2,000 a foot. The open ask hit $2,268/SF, then $2,227/SF, before a $12M close at $1,958/SF.
  2. The appreciation story.$12 million on 6,130 square feet is $1,958 a foot. That is about 2% under the round $2,000 number — close enough that the block is now living in that band even if the recorded print sits just under.
  3. The prior trade.Same house traded in July 2021 for $10.5 million $1,713 a foot. About five years later the buyer paid roughly $245 more per foot for a 1922 Flats estate with a half-acre lot, pool, sports court, and a detached guest house.
  4. The benchmark.The lot is the story under the house: ~0.52 acres (about 22,670 SF) with a 3-car garage plus parking for more cars. In the Flats, land like that is what makes a $2,000/SF conversation real.
Deal Stats · 508 N Canon Dr
Sale Price
$12,000,000
closed Sep 2, 2026
Initial Ask
$13,900,000
listed Jun 2, 2026
Bid-Ask Delta
$1,900,000
13.7% below initial ask
Price / SF
$1,958/SF
6,130 SF main house
Price / Door
$12,000,000
single-family, 1 APN
Prior Sale
$10,500,000
Jul 7, 2021 · $1,713/SF
Hold Period
62 months
~2.5% annualized appreciation
Year Built
1922
renovated 1940
Lot SF
22,669 SF
0.52 acres · 178 × 127 ft
ULA Tax Est.
NO ULA in Beverly Hills
Measure ULA · above threshold
Days on Market
92 days
Jun 2 list to Sep 2 close
MLS
TheMLS #26841649
Keller Williams Beverly Hills

The Setup

The main residence is 6,130 SF with five bedrooms and six bathrooms (public record carries a slightly different count: four beds, four full, two half baths. 

Built in 1922 and renovated in 1940, it sits on a 22,669 SF lot.  

What an Operator Sees

The 500 block of Canon just got asked over $2,000 a foot and closed at $1,958. That is the print I care about.

$245 a foot above the 2021 trade is not a blowout.  It looks like they paid up in 2021 to buy it while rates were low.  

As rates have spiked up, I have not seen many trades in the Flats.  Watching closely to see if buyers keep showing before The One is built.  

I research these transactions to sharpen my own investment strategy and share what I find so Los Angeles owners, brokers and investors can debate the market with better information.

Know one other LA owner who'd want this deal? Forward this — reply with their email and I'll add them.

Property and transaction data: Redfin / TheMLS.

Brokers
Listing Broker
Dafna Milstein
Keller Williams Beverly Hills
  • DRE# 01261623
Buyer Broker
Bobby Syed
Coldwell Banker Realty
  • DRE# 01268188
Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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