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Omar Guzman

odguzman1@gmail.com +1(559) 977-9152

$ 14,595,000

Est. payment | -/mo

0.61 Acres Lot

Save

$ 14,595,000

Est. payment | -/mo

Save

0.61 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26104592

HOA Y/N No

Lot Size 0.612 Acres

Property Description

Development opportunity to acquire a rare & oversized 26,647-square-foot lot in the heart of the Beverly Hills Flats at approximately $544 per square foot of land, with nearly Ready-to-Issue plans for a spectacular 16,000-square-foot modern architectural estate. The proposed seven-bedroom residence features a resort-inspired design with a zero-edge swimming pool, steam room, sauna, wine cellar, bar, designer closets, six-car garage, and a lower level featuring a theater, gym, and wellness facilities. Situated on one of Beverly Hills' iconic palm-lined streets, within walking distance of Canon Drive and Rodeo Drive, the property offers a rare combination of location, scale, and architectural potential. Compelling Owner-User or Developer Opportunity: With vertical construction estimated at $750 per square foot and a projected finished value of $37.6 million, the development pro forma indicates approximately $7-10 million in potential profit. For an owner-user, this presents an opportunity to create a bespoke architectural estate at a significant potential discount to purchasing a comparable finished home. For an investor, the opportunity offers substantial value-add potential, with the flexibility to develop or land-bank a scarce asset in one of Beverly Hills' most desirable neighborhoods. With limited inventory of newly built architectural estates in the Flats, this is an opportunity to control a premier property with significant long-term potential.

Location

State CA

County Los Angeles

Area C01 - Beverly Hills

Zoning BHR1*

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 4344019001

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Benjamin Bacal Revel Real Estate #01437782

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 977-9152

odguzman1@gmail.com

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602 N Beverly DR Beverly Hills, CA 90210