2436 Arbutus Dr Los Angeles, CA 90049

Description

Rare opportunity with incredible upside in the prestigious Mandeville Canyon. Custom built in the 1960s, this Mid-Century four-bed, 2.5-bath home is situated on over an acre lot with $10M+ homes all around. Buyer's choice on whether to refresh the existing, remodel with an addition, or build brand new. The current owner has plans that can be sold separately and are approximately 60-90 days from being RTI (Ready To Issue). Also, according to the owner, the submitted plans are grandfathered in by LADBS allowing the use of natural gas in the home (buyer to verify with LADBS). If the buyer doesn't want or need a spectacular 10,000 sqft luxurious home, the owner also has options for either a remodel with a small addition (600 sqft) or a larger addition (2,000 sqft). The seller also has relationships that can be referred to the buyer for financing and/or improvements. If interested, please inquire soon as this may be a fleeting opportunity. Please note that the renderings may not precisely depict the final appearance of the home upon completion.