Beverly Hills is located in the middle of Los Angeles real estate, surrounded by the cities of West Hollywood, Santa Monica and Culver City. Burton Green of the Rodeo Land and Water Company, and his wife named the real estate in Beverly Hills after Beverly Farms, Massachusetts. The Citys first streets: Rodeo, Canon, Crescent, Carmelita, Elevado and Lomitas were constructed in 1907. In the post-World War II years, Beverly Hills houses continued to develop as one of the most glamorous places in the world to live, eat, play and, especially, shop. Within its 5.7 square mile radius, Beverly Hills real estate has approximately 34,000 residents with a business and commercial base that ranks next to cities with a population of several hundred thousand. A popular destination for tourist and shoppers, the daytime population is estimated to swell from 150,000 to 200,000 people. As a full-service community, police, fire, water treatment, refuse collection and building inspections, among other services, are provided directly by the City. The City of Beverly Hills spends $8,576 per resident and has an operating budget of more than $300 million that is comparable to the Gross National Product of the British Virgin Islands. A favorite haunt of movie stars and celebrities, the rich history of Beverly Hills houses is synonymous with that of the film industry. Los Angeles Platinum Triangle‚ of affluent neighborhoods is formed by the city of Beverly Hills houses and the prestigious areas of Bel Air homes and Holmby Hills houses.
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