1524 Benedict Canyon Dr, BEVERLY HILLS, CA

$2,700,000

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4

Beds

5

Baths

5,300

Square feet

1.29

Acres

About 1524 Benedict Canyon Dr

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.

Features of 1524 Benedict Canyon Dr

MLS® # 25-485172
Price $2,700,000
Bedrooms 4
Bathrooms 5.00
Full Baths 4
Half Baths 1
Square Footage 5,300
Acres 1.29
Year Built 1931
Type Residential
Sub-Type Single Family
Style Contemporary
Status Active

Community Information

Address 1524 Benedict Canyon Dr
Area Beverly Hills Post Office
City BEVERLY HILLS
County Los Angeles
State CA
Zip Code 90210

Amenities

Parking Spaces 10
Garages On street, Garage - 4+ Car, Parking for Guests, Parking for Guests - Onsite, Side By Side, Covered Parking, Driveway
View Canyon, Tree Top
Is Waterfront No
Has Pool Yes
Pool Other

Interior

Interior Mixed
Heating None
Cooling None
Fireplace Yes
# of Fireplaces 1
Fireplaces Living Room
# of Stories 1
Has Basement No

Additional Information

Date Listed January 14th, 2025
Days on Market 25
Zoning LARE40
Foreclosure No
RE / Bank Owned No

Listing Details

AgentMarkus Canter (01810156)
OfficeBerkshire Hathaway HomeServices California Properties

Listing Map

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