Originally a Spanish ranch where lima beans were grown, it was incorporated in 1914 by a group of investors who had failed to find oil, but found water instead and eventually decided to develop it into a town. It is now home to 34,290 inhabitants. Sometimes merely known by one of its primary ZIP codes, "90210", it has been home to actors and celebrities. The city also includes the shopping district Rodeo Drive and the Beverly Hills Oil Field.
It is well known for being the most luxurious area of Los Angeles.