1524 Benedict Canyon Drive - Prime Investment Opportunity in Beverly Hills
Discover a golden opportunity to develop a prestigious property in Beverly Hills, with permitted plans for a 5,300 sqft structure and potential for a 13,000 sqft buildable space. Take advantage of significant groundwork already completed and market conditions for a profitable return.
- Price
- $2,500,000
- Bed
- 4
- Bath
- 5
- Sq ft
- 5,300
1524 Benedict Canyon Dr Beverly Hills, CA 90210
Listing Courtesy Of: Berkshire Hathaway HomeServices California Properties, Canter, Markus, 01810156
MLS #: 25-485172
Property Type: Single Family
Year Built: 1931
Status: Active
City: Beverly Hills
Days on Market: 57
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
Cooling
- None
Heating
- None
Fireplace
- Living Room
Laundry
- None
Flooring
- Mixed
Rooms
- Living
Parking
- On street
- Garage: 4+ Car
- Parking for Guests: Onsite
- Side By Side
- Covered Parking
- Driveway
View
- Canyon
- Tree Top
Spa
- Other
What's Special About This Home
Welcome to 1524 Benedict Canyon Drive, a prime investment opportunity nestled in the prestigious Benedict Canyon of Beverly Hills.
This 1.29-acre site is not just a piece of land; it's a canvas for your next high-value project.
With permitted plans dated May 5, 2024 and a certified SA report allowing for a minimum of 11,500 sqft.
FAR, this property offers unmatched build potential.
The current plans permit a 5,300 sqft structure, with detailed renderings available for your review.
In addition, the property has been cleared and prepared for construction, with necessary tree removals completed and a bond secured for replanting four new oak trees.
A comprehensive design and permitting process has already been completed, streamlining your development process.
With eight months of rigorous site preparation, including the removal of 500 yards of dirt and surveying of retaining walls, the property is ready for caisson installation tomorrow.
The biology report is clear, with no endangered species or plants present.
Take advantage of the potential for a lot split and explore the market potential in an area where average square foot prices are $1,000+ and previously peaked at $1,500 psf.
For an experienced builder, this property can be transformed and ready for sale within 12 months.
Act now and turn your vision into reality at 1524 Benedict Canyon Drive.
Price Change History
Price change history for 1524 Benedict Canyon Dr Beverly Hills, CA 90210