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