This address denotes a specific property located within the city of Beverly Hills, California. It represents a precise location within a prestigious and well-known community. Such specific addresses are essential for identifying properties for various purposes including real estate transactions, mail delivery, emergency services, and navigation.
The significance of a Beverly Hills address often extends beyond its practical function. Beverly Hills is globally recognized for its affluence and association with the entertainment industry. Properties within this city often command high values and are considered desirable due to factors such as location, amenities, and historical context. The specificity of an address like this allows for accurate identification of a property’s position within this highly sought-after area.
Understanding the context of location is crucial for any discussion regarding property. This exploration of place sets the stage for further analysis of relevant aspects such as market value, neighborhood characteristics, and potential investment opportunities.
1. Beverly Hills Location
The location of a property within Beverly Hills significantly impacts its value, desirability, and overall character. “120 South Spalding Drive Beverly Hills CA” places the property within this specific context, linking it to the city’s unique attributes and reputation. Understanding the implications of this location is crucial for a comprehensive assessment of the property.
-
Exclusivity and Prestige
Beverly Hills is renowned for its exclusivity and prestige, often associated with affluence and the entertainment industry. Properties within the city frequently command premium prices reflecting this reputation. Positioning a property within Beverly Hills, as with 120 South Spalding Drive, intrinsically links it to this perceived exclusivity.
-
Amenities and Services
Beverly Hills offers residents access to high-end amenities, including luxury shopping, fine dining, and renowned entertainment venues. The proximity of a property like 120 South Spalding Drive to these services contributes to its desirability and potential market value. This access represents a significant advantage of a Beverly Hills location.
-
Neighborhood Characteristics
Beverly Hills comprises distinct neighborhoods, each possessing its own character and appeal. Identifying a property’s specific location within the city, such as on Spalding Drive, allows for a deeper understanding of the surrounding environment, including factors like architectural style, landscaping, and community atmosphere.
-
Market Dynamics
The Beverly Hills real estate market is subject to unique dynamics influenced by local and global factors. Properties located within this market, including 120 South Spalding Drive, are affected by these trends, which can impact pricing, demand, and investment potential.
These facets of a Beverly Hills location contribute significantly to the overall understanding of a property like 120 South Spalding Drive. They highlight how the address itself represents more than just a pinpoint on a map; it signifies an integration into a specific environment with its associated advantages and characteristics.
2. Prime Real Estate
The concept of “prime real estate” encapsulates properties possessing highly desirable characteristics, often resulting in significant market value and investment potential. Several factors contribute to this designation, including location, amenities, exclusivity, and market demand. Connecting this concept to a specific address requires analyzing how these factors manifest in the property’s context. In the case of a Beverly Hills address, the association with a prestigious and affluent area immediately suggests the potential for “prime” designation. This association, however, requires further examination of specific attributes.
The location within Beverly Hills contributes significantly to the “prime” designation potential. Properties situated within this city benefit from the area’s reputation for luxury, exclusivity, and proximity to high-end amenities. However, even within Beverly Hills, variations exist. Specific streets and neighborhoods command varying levels of prestige, influencing market value and desirability. Therefore, simply being located in Beverly Hills does not automatically guarantee “prime” status. Further investigation into the specific location within the city is crucial. For example, properties situated on streets known for their grand estates, exceptional views, or proximity to desirable amenities would be more likely to be considered “prime” compared to those in less sought-after areas.
Ultimately, designating a property as “prime real estate” involves a comprehensive evaluation of multiple factors. While a Beverly Hills address provides a strong foundation, a detailed analysis of the specific location, property features, and market conditions is essential. This nuanced approach ensures an accurate assessment of a property’s standing within the real estate market and its potential for long-term value appreciation. The association with “prime real estate” significantly impacts market perception and investment decisions, highlighting the importance of rigorous analysis.
3. Property Identification
Property identification relies on distinct and unambiguous designations. “120 South Spalding Drive Beverly Hills CA” serves as such a designator, pinpointing a specific property within a vast geographical area. This precise identification is crucial for various legal, financial, and logistical purposes. Understanding the components and implications of this address provides a framework for comprehending its significance within the broader context of property ownership and transactions.
-
Addressing Components
The address adheres to a structured format, incorporating numerical and textual elements. The number “120” signifies the specific property’s location along South Spalding Drive. “South” indicates the directional orientation on the street. “Spalding Drive” denotes the specific street name within the city of Beverly Hills, which itself is located within the state of California. Each component contributes to the unique identification of the property, allowing for its differentiation from others.
-
Geolocation and Mapping
Modern mapping systems utilize these address components for precise geolocation. The address allows for digital pinpointing of the property on maps, facilitating navigation, service delivery, and property data management. This functionality relies on the structured format of the address, enabling accurate integration with geospatial technologies.
-
Legal and Administrative Functions
Property identification plays a critical role in legal documentation, including property deeds, tax assessments, and building permits. The specific address serves as the primary identifier, linking the physical property to its legal and administrative records. This link is essential for maintaining accurate and reliable property information within official systems.
-
Real Estate Transactions
In real estate transactions, accurate property identification is paramount. The specific address forms the basis for all legal documents related to the sale, purchase, or lease of a property. This precision ensures clarity and prevents disputes arising from ambiguous property designations.
These facets of property identification highlight the importance of a precise and unambiguous address like “120 South Spalding Drive Beverly Hills CA.” It serves not only as a locator but as a key identifier, enabling a range of functions from navigation and service delivery to complex legal and financial transactions. This understanding underscores the significance of the address within the broader context of property ownership and management.
4. Navigational Precision
Navigational precision relies on specific and unambiguous location identifiers. A complete address, such as “120 South Spalding Drive Beverly Hills CA,” provides this necessary specificity, enabling accurate location determination within a complex geographical framework. This precision facilitates various essential functions, from emergency services dispatch to package delivery and personal navigation.
The structured format of the address plays a crucial role in achieving this precision. Each element contributes to pinpointing the exact location. “120” designates the specific building or property along the street. “South Spalding Drive” identifies the particular street within the broader Beverly Hills area. “Beverly Hills” further narrows the location within Los Angeles County, and “CA” specifies the state of California. This hierarchical structure, combined with standardized address formats, enables mapping systems and navigation tools to accurately interpret and locate the designated property.
Consider the implications for emergency services. Providing a precise address like “120 South Spalding Drive Beverly Hills CA” allows first responders to quickly and efficiently locate the scene of an incident. In time-critical situations, this precision can be life-saving. Similarly, for delivery services, precise addresses ensure packages reach their intended recipients without delays or errors. The efficiency of modern logistics systems relies heavily on this level of navigational accuracy. Beyond these critical services, everyday navigation also benefits significantly from precise address information. Individuals can confidently locate residences, businesses, and other destinations using mapping applications or navigation devices, reducing the likelihood of errors and improving overall travel efficiency.
In summary, navigational precision, facilitated by specific addresses, is essential for modern life’s smooth functioning. From emergency response to everyday navigation, the ability to accurately pinpoint locations relies on structured, unambiguous address information. The example of “120 South Spalding Drive Beverly Hills CA” illustrates this principle, highlighting how a complete address contributes to the effectiveness and efficiency of various critical systems.
5. Market Value
Market value, representing the estimated price a property would command in a competitive market, hinges on a complex interplay of factors. For a property like that located at 120 South Spalding Drive, Beverly Hills, California, these factors intertwine with the address itself, influencing its potential market value significantly. Location within a highly desirable area like Beverly Hills contributes substantially to the baseline value. However, market value extends beyond mere location; property-specific attributes, such as size, condition, and amenities, further modulate this baseline. Market conditions, including prevailing interest rates and inventory levels, also exert considerable influence.
Consider, for instance, two hypothetical properties in Beverly Hills. One, a recently renovated estate on a spacious lot with desirable amenities, might command a significantly higher market value than another, a smaller, older property requiring updates, even if both reside within the same general vicinity. This illustrates how individual property characteristics can significantly impact market value, even within a prestigious location. Furthermore, market fluctuations play a crucial role. A property purchased during a market peak might experience a decrease in value during a subsequent downturn, highlighting the dynamic nature of market value. Conversely, purchasing during a downturn might position the property for appreciation during a market recovery. Understanding these fluctuations is crucial for informed investment decisions.
In conclusion, determining market value requires a nuanced understanding of location, property-specific attributes, and prevailing market dynamics. For a property like the one at 120 South Spalding Drive, its Beverly Hills location provides a strong foundation. However, a comprehensive appraisal requires careful consideration of the property’s unique features and the current market environment. This nuanced approach enables a more accurate and realistic assessment of its potential market value, crucial for both buyers and sellers in making informed decisions. The interplay of these factors underscores the dynamic and multifaceted nature of market value in the context of high-value real estate.
6. Neighborhood Context
Neighborhood context significantly influences a property’s character and value. Understanding the specific neighborhood surrounding 120 South Spalding Drive, Beverly Hills, CA, provides crucial insights into its overall desirability and potential. This involves examining factors such as surrounding property types, local amenities, community atmosphere, and proximity to key destinations.
-
Property Values and Trends
Neighborhood property values and trends provide a comparative benchmark for assessing a specific property’s market position. Analyzing recent sales data, average property sizes, and architectural styles within the immediate vicinity of 120 South Spalding Drive offers valuable context for evaluating its potential market value and investment prospects. Consistent upward trends in surrounding property values often positively influence a property’s own valuation.
-
Local Amenities and Services
Proximity to desirable amenities and services significantly enhances a neighborhood’s appeal. Evaluating the availability and quality of schools, parks, shopping centers, restaurants, and cultural attractions near 120 South Spalding Drive provides insights into the neighborhood’s livability and convenience. Easy access to such amenities can significantly influence property desirability.
-
Community Atmosphere and Safety
The prevailing community atmosphere significantly impacts residents’ quality of life. Factors such as neighborhood aesthetics, crime rates, and community engagement initiatives contribute to the overall perception of safety and desirability. Researching these aspects within the neighborhood surrounding 120 South Spalding Drive provides valuable insights into its character and potential appeal to prospective residents.
-
Accessibility and Transportation
Accessibility and transportation options play a key role in a neighborhood’s convenience and connectivity. Evaluating proximity to major roadways, public transportation networks, and airports provides insights into the ease of commuting and access to broader regional amenities. Convenient transportation options enhance a neighborhood’s desirability, especially for those who frequently travel or commute to work.
These facets of neighborhood context collectively shape the perception and value of a property like 120 South Spalding Drive. Analyzing these elements offers a comprehensive understanding of its position within the broader Beverly Hills landscape, providing valuable insights for potential buyers, sellers, and investors. This nuanced approach extends beyond the property itself, encompassing the surrounding environment and its influence on the property’s overall desirability.
7. Residential Property
Classifying a property as “residential” designates its primary function as a dwelling. This classification carries significant implications for legal considerations, market valuation, and potential usage. Examining the residential aspects of a property at a specific address like 120 South Spalding Drive, Beverly Hills, CA provides a framework for understanding its function, purpose, and potential within the broader real estate landscape. This involves considering factors such as permitted uses, zoning regulations, and the property’s characteristics in relation to residential living.
-
Zoning and Regulations
Zoning regulations dictate permitted land uses within specific areas. Confirming that a property’s zoning aligns with residential use is crucial. For a property like 120 South Spalding Drive, verifying its designation as residential within Beverly Hills’ zoning ordinances ensures its legal use as a dwelling. These regulations often specify property types allowed (single-family, multi-family, etc.), density restrictions, and building height limitations, impacting development and usage.
-
Property Features and Amenities
Features and amenities contribute significantly to a property’s suitability for residential use. Aspects such as the number of bedrooms and bathrooms, kitchen facilities, and outdoor spaces directly relate to residential functionality. Evaluating these features in the context of 120 South Spalding Drive helps assess its suitability for various residential needs, from single-family living to potentially accommodating larger households. Additional amenities like swimming pools or private gardens further enhance residential appeal.
-
Ownership and Occupancy
Residential properties can be owner-occupied or leased to tenants. Understanding the current occupancy status and ownership structure provides insight into its current and potential usage. For a property like 120 South Spalding Drive, determining ownership and occupancy status clarifies its immediate function within the housing market, differentiating between a primary residence, a second home, or a rental property. This also has implications for potential buyers, influencing their approach and considerations.
-
Market Comparisons and Valuation
Comparing a residential property to similar properties within the same market area provides a benchmark for valuation. Analyzing recent sales data for comparable residential properties in Beverly Hills, considering factors like size, features, and location, provides context for assessing the potential market value of 120 South Spalding Drive. This comparative analysis assists in determining a realistic valuation within the competitive residential market.
Understanding the “residential property” classification for 120 South Spalding Drive involves evaluating these facets within the broader context of Beverly Hills’ real estate landscape. Confirming the property’s adherence to zoning regulations, assessing its residential features, and considering market comparisons provides a comprehensive perspective on its function, value, and potential within the residential market. This detailed analysis assists potential buyers, sellers, and investors in making informed decisions related to this specific property.
8. Investment Potential
Investment potential, in the context of real estate, refers to a property’s capacity to generate profit or appreciate in value over time. Analyzing the investment potential of a specific property like that located at 120 South Spalding Drive, Beverly Hills, CA, requires a nuanced understanding of market dynamics, property-specific attributes, and broader economic trends. The location within a prestigious area like Beverly Hills contributes significantly to the potential, but a thorough evaluation necessitates examining various interconnected factors.
-
Location and Market Dynamics
Location plays a crucial role in determining investment potential. Beverly Hills’ reputation for exclusivity and high property values positions properties like 120 South Spalding Drive within a desirable market. However, analyzing local market trends, including recent sales data, inventory levels, and average price appreciation rates, provides a more granular understanding of the specific location’s current investment climate. Strong market fundamentals, such as consistent demand and limited supply, typically enhance investment potential.
-
Property-Specific Attributes
Property-specific attributes significantly influence investment returns. Factors such as the property’s size, condition, age, and amenities impact its potential for appreciation and rental income generation. For 120 South Spalding Drive, evaluating these features provides insight into its potential for attracting high-end buyers or renters, influencing its overall investment attractiveness. Unique features, such as historical significance or architectural distinction, can further enhance investment potential.
-
Financial Considerations
Financial considerations are paramount in investment analysis. Assessing potential financing options, calculating projected rental income (if applicable), and estimating property taxes and maintenance costs provide a comprehensive view of potential returns. Analyzing these factors in relation to 120 South Spalding Drive allows for a more realistic assessment of its profitability and overall investment feasibility. Factors like prevailing interest rates and potential tax implications also influence investment decisions.
-
Risk Assessment
Every investment carries inherent risks. Evaluating potential risks associated with a specific property and its location is crucial. For 120 South Spalding Drive, factors such as potential market fluctuations, neighborhood-specific risks, and property-specific maintenance concerns require careful consideration. Understanding these potential risks enables informed investment decisions and allows investors to develop mitigation strategies. Diversification within a portfolio can also mitigate risk.
These interconnected facets offer a comprehensive view of the investment potential associated with a property like 120 South Spalding Drive. While the Beverly Hills location provides a strong foundation, a thorough analysis of market dynamics, property specifics, financial considerations, and potential risks allows for a more nuanced and realistic assessment of its potential for generating returns. This detailed evaluation enables informed investment decisions, considering both potential rewards and inherent risks.
9. Spalding Drive Address
“Spalding Drive address” in the context of “120 South Spalding Drive Beverly Hills CA” refers to the street-level location component of the full address. This component provides crucial information for situating the property within the broader Beverly Hills geographic framework. Understanding the significance of the “Spalding Drive address” requires examining its role in property identification, neighborhood context, and accessibility.
-
Street-Level Specificity
The “Spalding Drive” portion of the address provides street-level specificity, distinguishing it from other streets within Beverly Hills. This specificity is essential for accurate property identification and navigation. For example, emergency services rely on this level of detail to pinpoint locations quickly. Similarly, delivery services and mail carriers utilize the street name for accurate delivery routing. Without the “Spalding Drive” designation, locating the specific property among the numerous addresses in Beverly Hills would be significantly more challenging.
-
Neighborhood Context and Character
Streets within a city often contribute to the character and identity of specific neighborhoods. “Spalding Drive” likely possesses unique characteristics, such as architectural styles, landscaping, and resident demographics, that distinguish it from other streets within Beverly Hills. Understanding these characteristics provides valuable context for assessing the property’s surroundings and potential desirability. For instance, a street known for its mature trees and grand estates might command higher property values than one with smaller, more densely packed homes. This neighborhood context directly influences market value and overall appeal.
-
Accessibility and Connectivity
A street’s location within the broader transportation network influences accessibility and connectivity. “Spalding Drive’s” position within Beverly Hills determines its proximity to major thoroughfares, public transportation routes, and local amenities. This accessibility impacts convenience for residents and influences property values. For example, a street with easy access to major highways and public transit might be more desirable for commuters than one located in a more secluded area, even within a desirable city like Beverly Hills.
-
Micro-Market Dynamics
Even within a single city, individual streets can experience distinct micro-market dynamics. “Spalding Drive” likely exhibits its own trends in property values, sales activity, and inventory levels, influenced by factors specific to that street. Understanding these micro-market trends provides valuable insight for assessing the investment potential of properties on that particular street. For example, a street experiencing rapid price appreciation might indicate a high level of demand and potential for future growth, further informing investment decisions related to properties like 120 South Spalding Drive.
These facets of “Spalding Drive address” demonstrate its significance beyond a mere street name. It provides crucial information for property identification, neighborhood context analysis, accessibility assessment, and understanding micro-market dynamics. Connecting this information to the complete address, “120 South Spalding Drive Beverly Hills CA,” provides a comprehensive understanding of the property’s location within the broader Beverly Hills real estate landscape. This detailed perspective is crucial for accurate valuations, informed investment decisions, and a nuanced appreciation of the property’s position within its immediate surroundings.
Frequently Asked Questions
This section addresses common inquiries regarding properties located within prestigious areas, focusing on the practical aspects of location, valuation, and market dynamics. Understanding these elements provides a foundation for informed decision-making.
Question 1: How does location within a specific city influence property value?
Location significantly impacts property value. Proximity to desirable amenities, school districts, transportation hubs, and the overall perception of the area contribute to market value. Prestigious cities or neighborhoods often command premium prices due to factors such as exclusivity, safety, and access to high-end services.
Question 2: What factors beyond location contribute to a property’s market value?
Property-specific attributes, such as size, condition, age, architectural style, and amenities (e.g., pools, garages) significantly influence market value. Recent renovations and upgrades also contribute to a property’s perceived worth.
Question 3: How do market fluctuations affect property valuations?
Market fluctuations, influenced by economic conditions, interest rates, and inventory levels, play a substantial role in property valuations. Periods of high demand and low supply typically drive prices upward, while market downturns can lead to price decreases.
Question 4: What is the importance of understanding neighborhood context when evaluating a property?
Neighborhood context provides crucial insights into a property’s potential value and suitability. Factors such as surrounding property values, crime rates, school quality, local amenities, and community atmosphere influence a property’s overall desirability and market position.
Question 5: How can one assess the investment potential of a specific property?
Assessing investment potential requires analyzing market trends, property-specific attributes, potential rental income, and associated costs (e.g., property taxes, maintenance). A comprehensive evaluation considers both potential returns and inherent risks.
Question 6: What role does property identification play in real estate transactions?
Accurate property identification is crucial for legal and administrative purposes. A precise address and legal description ensure clarity and prevent disputes in transactions such as sales, purchases, and leases.
Careful consideration of these aspects provides a more informed perspective on property valuation, market dynamics, and investment potential.
Further exploration of specific property details and consultation with real estate professionals provide additional insights tailored to individual circumstances.
Tips for Navigating Luxury Real Estate
Navigating the luxury real estate market requires careful consideration of various factors. These tips provide guidance for those interested in properties within affluent areas, offering insights into market dynamics and investment strategies.
Tip 1: Research Local Market Trends: Thoroughly research recent sales data, average property values, and inventory levels within the specific target area. Understanding market trends provides a baseline for evaluating property valuations and potential investment returns.
Tip 2: Engage Qualified Professionals: Seek expertise from experienced real estate agents, appraisers, and legal counsel specializing in luxury properties. Their insights and guidance prove invaluable throughout the purchasing or selling process.
Tip 3: Conduct Thorough Due Diligence: Perform comprehensive due diligence on any prospective property, including detailed inspections, title searches, and reviews of zoning regulations. This ensures a clear understanding of the property’s condition, legal standing, and potential limitations.
Tip 4: Consider Long-Term Investment Strategies: Luxury properties often represent significant investments. Evaluate potential long-term appreciation, rental income potential, and tax implications when making investment decisions. A long-term perspective can mitigate market fluctuations.
Tip 5: Assess Neighborhood Characteristics: Carefully analyze the neighborhood surrounding a target property. Factors like school districts, crime rates, local amenities, and community atmosphere contribute significantly to a property’s desirability and potential resale value.
Tip 6: Evaluate Property-Specific Attributes: Beyond location, consider property-specific features such as size, condition, architectural style, and unique amenities. These attributes contribute significantly to market value and can differentiate a property within a competitive market.
Tip 7: Secure Favorable Financing: Luxury properties often involve substantial financial commitments. Explore various financing options and secure pre-approval to ensure a smooth transaction process. Favorable financing terms can significantly impact overall investment returns.
By considering these tips, individuals can approach luxury real estate transactions with greater confidence and make informed decisions aligned with their investment goals and lifestyle preferences.
This information provides general guidance and does not constitute financial or legal advice. Consultation with qualified professionals is recommended for personalized advice tailored to specific circumstances.
120 South Spalding Drive Beverly Hills CA
This exploration of 120 South Spalding Drive, Beverly Hills, CA, has provided a comprehensive overview of the multifaceted aspects contributing to a property’s significance within a prestigious real estate market. From the granular details of property identification and navigational precision to the broader considerations of neighborhood context, market value, and investment potential, each element contributes to a nuanced understanding of this specific address. The analysis has highlighted the interplay between location, property attributes, and market dynamics in shaping a property’s overall character and value. Furthermore, it underscores the importance of conducting thorough due diligence and seeking expert guidance when navigating the complexities of luxury real estate transactions.
Ultimately, the address represents more than just a physical location; it signifies an intersection of various factors influencing desirability, value, and investment potential. Careful consideration of these elements provides a framework for informed decision-making within the dynamic landscape of high-end real estate. Further research and consultation with qualified professionals are recommended for those seeking to engage with this specific market segment.
