2534 Benedict Canyon Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 4 bed, 3 bath
ACTIVE$1,799,995
2534 Benedict Canyon Drive, Beverly Hills, California 90210
4Beds
3Baths
2,147Sqft
30,462Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30462, living area = 2147.
Top Cons:
Outdated Existing Structure: Built in 1951, the existing 2147 sqft residence is likely considered a tear-down for a development project, incurring significant demolition costs and time.
Compared to the nearby listings
Price:$1.80M vs avg $5.25M ($-3,450,005)7%
Size:2,147 sqft vs avg 3,925 sqft12%
Price/sqft:$838 vs avg $1.2K18%
More Insights
Built in 1951 (74 years old).
Condition: The property, built in 1951, is explicitly marketed as a 'Development Opportunity' and a 'perfect canvas to build your dream estate.' The MLS analysis notes the 'Outdated Existing Structure' is 'likely considered a tear-down.' The provided images show only the exterior of a dilapidated, boarded-up, or partially demolished structure, with no interior shots of a habitable space, kitchen, or bathrooms. This strongly indicates the existing structure is unlivable and its value is solely in the land, aligning perfectly with the 'tear-down' criteria.
Year Built
1951
Close
-
List price
$1.8M
Original List price
$2.6M
Price/Sqft
$838
HOA
-
Days on market
-
Sold On
-
MLS number
25561091
Home ConditionTear down
Features
Good View: Canyon, Hills
ViewCanyon, Hills
About this home
LOCATION!!!! LOCATION!!!!! LOCATION !!!!! Prime Beverly Hills Development Opportunity 0.69 Acre LotAn unparalleled opportunity awaits in one of the most prestigious neighborhoods in the world. Nestled in the heart of Beverly Hills, just minutes from iconic landmarks like Rodeo Drive and the Beverly Hills Hotel, this exceptional 0.69-acre lot presents the perfect canvas to build your dream estate or develop a luxury residence for resale.Surrounded by multimillion-dollar homes and celebrity neighbors, this property sits on one of the most beautiful and sought-after drives in Beverly Hills. Whether you're an investor seeking a high-value development opportunity or an end-user envisioning a custom masterpiece, this is a once-in-a-lifetime chance to own a piece of real estate in a location that defines world-class living.Don't miss this rare chance to create something extraordinary in one of the most exclusive pockets of Beverly Hills.
Nearby schools
9/10
Roscomare Road Elementary School
Public,•K-5•1.6mi
9/10
Wonderland Avenue Elementary School
Public,•K-5•3.2mi
9/10
Warner Avenue Elementary School
Public,•K-5•3.3mi
9/10
West Hollywood Elementary School
Public,•K-5•3.4mi
8/10
Hawthorne Elementary School
Public,•K-8•3.3mi
2/10
Van Nuys Middle School
Public,•6-8•3.7mi
8/10
El Rodeo Elementary School
Public,•K-8•3.7mi
6/10
Walter Reed Middle School
Public,•6-8•3.7mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•6.0mi
9/10
Beverly Hills High School
Public,•9-12•4.1mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•4.3mi
8/10
North Hollywood Senior High School
Public,•9-12•4.3mi
7/10
Fairfax Senior High School
Public,•9-12•4.9mi
6/10
Van Nuys Senior High School
Public,•9-12•5.1mi
6/10
University Senior High School
Public,•9-12•5.2mi
6/10
University Senior High School Charter
Public,•9-12•5.2mi
Price History
Date
Event
Price
12/12/24
Sold
$1,300,000
06/17/14
Sold
$1,705,000
Condition Rating
Tear down
The property, built in 1951, is explicitly marketed as a 'Development Opportunity' and a 'perfect canvas to build your dream estate.' The MLS analysis notes the 'Outdated Existing Structure' is 'likely considered a tear-down.' The provided images show only the exterior of a dilapidated, boarded-up, or partially demolished structure, with no interior shots of a habitable space, kitchen, or bathrooms. This strongly indicates the existing structure is unlivable and its value is solely in the land, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30462, living area = 2147.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
Premier Beverly Hills Location: The property is situated in the heart of Beverly Hills, minutes from iconic landmarks like Rodeo Drive and the Beverly Hills Hotel, offering an unparalleled prestigious address.
Exceptional Development Potential: Explicitly marketed as a 'Prime Beverly Hills Development Opportunity' and a 'perfect canvas' for building a dream estate or luxury residence for resale.
Generous Lot Size: A substantial 0.69-acre (30,462 sqft) lot provides ample space for a significant luxury custom build, a rare find in this exclusive area.
Exclusive Neighborhood: Surrounded by multimillion-dollar homes and celebrity neighbors, the property benefits from an elite and high-value environment.
Desirable Natural Views: The property offers appealing 'Canyon, Hills' views, enhancing its aesthetic value and potential for a custom-designed home.
Cons
Outdated Existing Structure: Built in 1951, the existing 2147 sqft residence is likely considered a tear-down for a development project, incurring significant demolition costs and time.
Significant Price Reductions: The property has undergone multiple price drops from an original list price of $2.599M to $1.799M, which may indicate initial overpricing or market resistance.
High Capital Investment Required: As a development opportunity in a prime location, the total project will demand substantial capital for land acquisition, demolition, design, and luxury construction, appealing to a niche buyer pool.