1524 Benedict Canyon Drive

Beverly Hills, CA 90210

$2,875,000
Price
4
Beds
4
Baths
1
1/2 Bath
5,300 Sq. Ft.
$542 / Sq. Ft.
5,300
Sq. Ft.
$542
per Sq. Ft.

Description

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...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.
  1. Listed by Markus Canter • DRE #01810156 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert
  2. Listed by Cristie St. James • DRE #00949711 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 1524 Benedict Canyon Drive

Zoning
LARE40
Style
Contemporary
Parcel Number
4356006014
Living Area
5300
Source Living Area
Plans
Area
Beverly Hills Post Office (C02)
Lot Size Area
56346
Source Lot Size Area
Assessor
LISTING UPDATED: 11/20/2024 12:06 PM

Property Details for 1524 Benedict Canyon Drive

StatusActive
MLS #24-414355
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1931
Lot Size1.29 AC / 56,346 SF
CountyLos Angeles County

Building Information for 1524 Benedict Canyon Drive

Stories1Year Built1931Building Size-Lot Size1.29 AC / 56,346 SF

Property Information for 1524 Benedict Canyon Drive

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • View: Yes
  • View Description: Canyon, Tree Top
  • View: Canyon
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.2935
  • Lot Size Square Feet: 56346
Parking Details
Parking Details
  • Parking Garage: On street, Garage - 4+ Car, Parking for Guests, Parking for Guests - Onsite, Side By Side, Covered Parking, Driveway
  • Total Parking: 10
  • Parking Features: Street, Guest, Side by Side, Covered, Driveway
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room
  • Levels: Two
  • Fireplace: Yes
  • Fireplaces: 1
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Flooring: Mixed
  • Equipment: None
  • Common Walls: Detached/No Common Walls
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: Other
  • Pool Features: See Remarks
  • Spa: Yes
  • Spa: Other
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-13-2024

Property History for 1524 Benedict Canyon Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1524 Benedict Canyon Drive

Taxable ValueLand$2,601,000Additions$832,320Total$3,433,320
Tax Record2024$42,206 ($3,517 / month)
Home Facts
Beds1Total Finished SqFt1,343 SqFtAbove Grade Finished SqFt1,343 SqFtStories1Lot Size56,570 SqFtStyleSingle Family ResidenceYear Built1931ZoningLARE40CountyLOS ANGELESAPN4356-006-014

Schools near 1524 Benedict Canyon Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 5
Rating
School
Distance
Warner Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1524 Benedict Canyon Drive is a single family home for sale in Beverly Hills, CA 90210. This property was listed for sale on July 13, 2024 by Berkshire Hathaway HomeServices California Propert, it's currently listed at $2,875,000. It has been on the market for a total of 131 days and was last sold on October 5, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Warner Avenue Elementary School, Emerson Community Charter School and University Senior High School Charter. 1524 Benedict Canyon Drive is a 4-bed, 4.5-bath, 5,300 sqft single family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, Markus Canter, DRE #01810156; Berkshire Hathaway HomeServices California Propert, Cristie St. James, DRE #00949711

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.