1524 Benedict Canyon Drive
Beverly Hills, CA 90210
- 4 beds
- 5 baths
- 5,300 sqft
- ~1 acre lot
- $660 per sqft
- 1931 build
- – on site
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.
Last checked:
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Last updated Aug 19, 2024
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MLS# 24414355 —
The Building
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Year Built:1931
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Year Built Source:Assessor
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New Construction:No
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Architectural Style:Contemporary
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Common Walls:No Common Walls
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Stories Total:1
Interior
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Levels:Two
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Room Type:Living Room
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Living Area Source:Plans
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:None
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Laundry:1
Room Dimensions
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Living Area:5300.00
Location
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Directions:From the south - Sunset Blvd. to Benedict Canyon Dr.. From the north - Mulholland Dr. to Benedict Canyon Dr.
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Latitude:34.09953000
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Longitude:-118.43178600
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:LARE40
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Lot Size Area:56346.0000
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Lot Size Acres:1.2935
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Lot Size SqFt:56346.00
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Lot Size Source:Assessor
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View:1
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View:Canyon
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:4
Baths
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Total Baths:5
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Full & Three Quarter Baths:4
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Full Baths:4
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Half Baths:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4356006014
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Senior Community:No
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Pool:See Remarks
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Spa:1
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Street, Guest, Side by Side, Covered, Driveway
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Parking Spaces:10.00
Monthly cost estimate
![1524 Benedict Canyon Drive](https://images.estately.net/89_24414355_0_1720885274_636x435.jpg)
Asking price
$3,500,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$18,741
|
Taxes | N/A |
Insurance | $962 |
Utilities | $222 See report |
Total | $19,925/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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7/13/24
Jul 13, 2024
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Listed / Active | CRMLS_CA | $3,500,000 |