Property Details
Price: $939,000
Address: 2542 Verbena Dr
City: Los Angeles
State: California
ZIP: 90068
Address: 2542 Verbena Dr
City: Los Angeles
State: California
ZIP: 90068
MLS #: TR18265606
Square Feet: 900
Lot Size: 4,789
Bedrooms: 2
Bathrooms: 1
Square Feet: 900
Lot Size: 4,789
Bedrooms: 2
Bathrooms: 1
Additional Features:
Highly-desirable Beachwood Canyon view home that was recently renovated. This secluded property features a 180-degree wrap around deck with breath-taking canyon, hillside and city views. Many Hollywood legends have resided on this coveted street. Just a block away from Beachwood Drive, this property has an open and flowing floor plan. This property features a brand new modern kitchen with SMEG and Bertazzoni appliances. Additional renovations include a new bathroom, windows, engineered hardwood flooring, lighting, roof, exterior siding, tankless water heater, electrical, plumbing and landscaping. Sale includes approved plans for an additional 500 square feet including additional bedrooms and bathroom, as well as additional living space. Further development may also include a rooftop and side upper deck. Enjoy all the new amenities now and develop this property later to bring additional value and space.
Highlights
- September 2018 appraisal – $1,100,000
- Cost of 2018 renovations – $250,000
- Last retail sale prior to renovations (April 2018) – $870,000
Addition
Opportunity to add just under 500 sqft to a house in a highly-sought-after area. The previous owners had started the second story addition prior to getting all the plans approved, but didn’t finish the remodel prior to selling in April 2018. Additional opportunities to develop a roof-top deck and build a garage, both of which would create tons of additional value in resale price. The options now are to:
- finish the addition now
- finish the addition later
- demolish the existing structure that is part of the addition and create an open space behind the house.
- Appraisal assuming completed 500 sqft addition) – $1,280,000
- Rough estimate for completing addition – $150,000 to $200,000
- Copy of approved plans
- LADBS permit history
- Open permits – all pertaining to addition
- 1 STORY ADDITION TO EXISTING SINGLE FAMILY DWELLING
- DEMOLISHING OF EXISTING 10′ X 20′ LAUNDRY ROOM IN A SINGLE FAMILY DWELLING
- GPI ONLY*****ADDITION TO THE EXISTING DWELLING LESS THAN 500SF 470SF STUDIO, BEDROOM W/BATHROOM AND LAUNDRY
- GRADING FOR NEW RETAINING WALL AND ADDITION TO SFD
- NEW 8 FT HIGH MAX. RETAINING WALL