The 500 Block of Beverly Hills Flats Printed $1,958/SF
Listed over $2,200 a foot. Closed September 2 at $1,958.
At a glance
closed Sep 2, 2026
listed Jun 2, 2026
13.7% below initial ask
6,130 SF main house
single-family, 1 APN
Jul 7, 2021 · $1,713/SF
~2.5% annualized appreciation
renovated 1940
0.52 acres · 178 × 127 ft
Measure ULA · above threshold
Jun 2 list to Sep 2 close
Keller Williams Beverly Hills
What matters
- 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.
- 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.
- 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.
- 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.
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.
Write to David Safai at David@AtlasBrief.La
Appeared in the Sept. 8, 2026 edition of The Tape.