Active

1524 Benedict Canyon Dr

Beverly Hills CA, 90210

$2,875,000


$542.45 per sqft

Active

4 Beds

5 Baths

5,300 sqft

Residential

Built in 1931

HUGE PRICE REDUCTION. SELLER WILL LOOK AT OFFERS!! Discover this Prime INVESTMENT OPPORTUNITY with PERMITTED PLANS dated May 5, 2024 Nestled in the prestigious Benedict Canyon of Beverly Hills, 1524 Benedict Canyon Drive presents a golden opportunity for investors, builders, and developers. This 1.29-acre site is not just a piece of land; it's a canvas for your next high-value project. Here is why you should seize this chance: Unmatched Build Potential! Generous Buildable Area: Certified SA report allows for a minimum of 11,500* sqft FAR (*Buyer to do their own due diligence), with an additional 1,500 sqft ADU. This totals an impressive 13,000 sqft of buildable space. Permitted Plans: Current plans permit a 5,300 sqft structure, with detailed renderings available for your review. Substantial Progress and Preparation. In the last 44 months, significant groundwork has been laid, including: Free of Encumbrances: Enjoy one year free of encumbrances, ensuring a smooth start to your project. Protected Tree Removals: Necessary tree removals have been completed, with a bond secured for replanting four new oak trees. Comprehensive Design and Permitting: Over a year dedicated to design and permitting, streamlining your development process. Site Preparation: Eight months of rigorous preparation, including the removal of 500 yards of dirt and surveying of retaining walls, means the site is ready for caisson installation tomorrow. Clear and Ready for Construction Biology Report: Completed and clear, with no endangered species or plants. Construction Ready: Grade cut and ready for immediate construction activities. Significant Upside Hard Work Completed: All preliminary work is done, paving the way for a smooth construction phase. Potential for SB9A Lot Split: Explore the possibility of increasing value through a lot split. Market Potential: In a market where average square foot prices are $1,000+, and previously market prices peaked at $1,500 psf, the return on investment here is substantial! Quick Turnaround for Profitable Return For an experienced builder, this property can be transformed and ready for sale within 12 months. With the groundwork laid and market conditions favorable, 1524 Benedict Canyon Drive is not just a purchase; it's a pathway to profitable success. Act Now, Don't miss out on this rare opportunity to develop a prime property in one of the most sought-after areas in Beverly Hills. Contact us today to explore the full potential of 1524 Benedict Canyon Road. This is a moment to turn vision into reality, and this property is the perfect starting point. Invest in success at 1524 Benedict Canyon Drive.

24-414355

MLS ID

July 13, 2024

Listed

December 14, 2024

Updated

Map

1524 Benedict Canyon Dr
Beverly Hills CA, 90210

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

5


Full Bathrooms

4


Half Bathrooms

1


Appliances

None


Laundry Description

None


Floor Description

Mixed


Fireplace

Yes


Fireplace Description

Living Room


Cooling

No


Cooling Description

None


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

1.29 Acres


Architectual Style

Contemporary

Other Property Details

Area Name

Beverly Hills Post Office


Days on Market

154


Garage

Yes


Parking

On street, Garage - 4 Car, Parking for Guests, Parking for Guests - Onsite, Side By Side, Covered Parking, Driveway


Parking Total

10


View

Yes


View Description

Canyon, Tree Top


County

Los Angeles


Pool

No


Pool Features

Other


Zoning

LARE40

Listing History

Date

Event

Price

11/20/2024

Price change

$2,875,000

-12%

11/18/2024

Price change

$3,250,000

-8%

Listed by Markus Canter with Berkshire Hathaway HomeServices California Propert
Listing Contact: 310-704-4248 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Yar Meshkaty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/14/2024

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