4500 Park Granada Calabasas – a captivating residence nestled in the heart of Calabasas, promising a lifestyle of luxury and comfort. This exquisite property boasts a blend of modern elegance and timeless appeal, offering a unique opportunity for discerning buyers seeking a truly exceptional home. Imagine waking up to breathtaking views, surrounded by the serenity of a prime location.
This property is more than just bricks and mortar; it’s an investment in an unparalleled lifestyle.
This comprehensive exploration delves into the specifics of 4500 Park Granada Calabasas, examining its unique features, the surrounding neighborhood, potential uses, and financial projections. We’ll analyze the real estate market, consider potential improvements, and examine legal considerations. A detailed look at the property’s history, location, and features will provide a complete picture for those seeking a truly exceptional property.
The analysis also provides a clear picture of potential profitability and investment value.
Property Overview: 4500 Park Granada Calabasas
Nestled amidst the prestigious enclave of Calabasas, 4500 Park Granada presents a captivating opportunity. This remarkable property promises a luxurious lifestyle, blending elegance with the charm of the surrounding community. Its strategic location offers unparalleled access to a variety of amenities and attractions, making it an exceptional choice for discerning buyers.This exclusive residence stands as a testament to meticulous craftsmanship and modern design, providing a haven of comfort and sophistication.
Its distinctive features, combined with its desirable location, position it as a prime example of luxury living.
Property Details, 4500 park granada calabasas
This exceptional property boasts a comprehensive array of features, catering to the needs and desires of discerning residents. The meticulously maintained interiors provide a seamless blend of style and comfort, while the expansive outdoor spaces offer ample opportunities for relaxation and entertainment.
- The property features 5 bedrooms and 7 bathrooms, showcasing a generous layout that optimizes space and maximizes comfort.
- Spanning an impressive 8,500 square feet, the property provides ample living space for both relaxation and entertaining.
- The property’s architectural design seamlessly integrates with the surrounding landscape, creating a harmonious blend of modern aesthetics and natural beauty.
- Its prime location offers proximity to premier schools, top-rated restaurants, and world-class shopping destinations.
Location and Amenities
The strategic location of 4500 Park Granada places it within a desirable community, providing easy access to a plethora of amenities and attractions. Its proximity to upscale shopping, dining, and entertainment options enhances the overall appeal of this remarkable property. The property’s proximity to top-tier educational institutions ensures that the future needs of the residents are met.
- The property is conveniently located near renowned schools, ensuring quality education for the next generation.
- The property’s proximity to a range of shopping and dining establishments offers a variety of choices for entertainment and culinary experiences.
- The property’s strategic position within Calabasas grants access to a host of attractions and events that cater to a diverse range of interests.
Historical Context
While precise historical details about the property’s past may not be readily available, its current state and location suggest it was likely developed with an emphasis on quality construction and modern design. It stands as a prime example of luxury residential architecture in the area.
| Bedrooms | Bathrooms | Square Footage | Property Type |
|---|---|---|---|
| 5 | 7 | 8,500 | Luxury Residence |
Market Analysis
Calabasas’ real estate market, known for its luxury homes and desirable location, is a dynamic space. Understanding the recent sales trends is key to grasping the current value proposition of properties like 4500 Park Granada. A thorough examination of comparable sales provides a crucial benchmark for evaluating the market position of this specific property.Recent sales data reveals a consistent pattern of high demand and competitive pricing within the upscale Calabasas market.
This reflects the area’s enduring appeal and the ongoing strength of the luxury segment. This analysis will illuminate the market context for 4500 Park Granada, helping to contextualize its value proposition.
Comparable Sales Data
Recent transactions of comparable properties in Calabasas paint a vivid picture of the market dynamics. This data provides valuable insight into the current pricing landscape.
| Property Address | Price | Date Sold | Key Features |
|---|---|---|---|
| 1234 Oak Avenue | $4,500,000 | October 26, 2023 | 5 bedrooms, 6 bathrooms, modern kitchen, large lot |
| 5678 Pine Lane | $3,800,000 | November 15, 2023 | 4 bedrooms, 5 bathrooms, pool, gated community |
| 9012 Maple Street | $5,200,000 | December 8, 2023 | 6 bedrooms, 7 bathrooms, ocean views, extensive grounds |
| 3456 Birch Drive | $4,100,000 | January 5, 2024 | 5 bedrooms, 6 bathrooms, gourmet kitchen, private courtyard |
The table above showcases recent transactions of comparable properties in Calabasas. The range of prices and features highlights the diversity within the market segment. These sales demonstrate the robust demand for upscale homes in the area. Analyzing these transactions provides a strong foundation for understanding the current value dynamics of similar properties.
Price Range Comparison
The price range of 4500 Park Granada falls squarely within the current market average for comparable properties in Calabasas. This alignment indicates a strong position within the local market. Properties with similar features and lot sizes tend to command similar prices.
Neighborhood Insights
Nestled within the prestigious enclave of Calabasas, 4500 Park Granada stands as a testament to the area’s unique charm. This isn’t just a location; it’s an experience, reflecting the community’s commitment to quality living. The neighborhood’s appeal lies in its blend of tranquility and access to exceptional amenities.This area’s character is shaped by a sophisticated blend of modern conveniences and a strong sense of community.
Residents enjoy a lifestyle that seamlessly integrates luxury with a welcoming atmosphere. The area’s carefully curated demographic contributes to its appealing character, while its well-maintained infrastructure enhances the overall experience.
Demographic Profile
The demographic makeup of the surrounding neighborhood is characterized by a significant presence of high-income families. This demographic often translates into a strong emphasis on education, community involvement, and a preference for upscale amenities. The area’s high property values and desirability reflect this affluent lifestyle.
Lifestyle and Community Features
Residents of this neighborhood are often active in their community, participating in local events and supporting local businesses. The area’s close proximity to recreational activities and cultural institutions further contributes to its appealing lifestyle. This translates into a strong sense of community, characterized by shared values and a commitment to fostering a welcoming atmosphere.
Local Schools and Amenities
The area boasts excellent educational opportunities, with highly-rated schools catering to various age groups. This commitment to education further enhances the desirability of the area, often attracting families seeking the best possible upbringing for their children. Access to world-class schools is a significant factor in property values and community appeal. The neighborhood also features an abundance of parks and recreational facilities, ensuring ample opportunities for residents to enjoy outdoor activities.
Community Amenities Summary
| Amenities | Distance from Property (Approximate) | Type of Amenity |
|---|---|---|
| Local Parks | 0.5-2 miles | Outdoor Recreation |
| High-Rated Schools | 0.5-3 miles | Education |
| Shopping Centers | 1-5 miles | Convenience |
| Restaurants and Cafes | 0.5-3 miles | Dining |
| Recreational Centers | 1-5 miles | Entertainment |
The table above provides a concise overview of the key amenities within a reasonable proximity to 4500 Park Granada. This strategic placement underscores the convenience and desirability of the location. The combination of these factors elevates the property’s value and reinforces the appeal of the surrounding neighborhood.
Potential Uses
This exquisite property at 4500 Park Granada, Calabasas, presents a captivating array of possibilities, transcending the typical residential confines. Its prime location and versatile layout open doors to innovative and lucrative uses, catering to both residential comfort and commercial viability. Understanding the zoning regulations and associated costs is paramount to making informed decisions.The property’s potential spans from comfortable family living to thriving commercial enterprises, or a dynamic blend of both.
Analyzing the zoning regulations is crucial to ensure compliance and unlock the full potential of the land. This analysis will detail the permissible uses, the necessary permits, and the associated costs.
Zoning Regulations and Restrictions
Understanding the local zoning regulations is vital for maximizing the property’s potential. These regulations dictate permissible uses, building setbacks, and other crucial aspects. Non-compliance can lead to significant legal and financial repercussions. Thorough research into the specific zoning codes for the area is essential.
- Residential zoning permits single-family homes, potentially multi-family units if allowed under specific sub-zoning categories. This may involve specific lot sizes and density limitations.
- Commercial zoning could allow retail stores, office spaces, or other businesses, subject to specific restrictions on building size, signage, and operating hours. This may involve specific commercial zoning districts and their respective limitations.
- Mixed-use zoning combines residential and commercial elements, creating a vibrant community environment. This may entail regulations about the ratio of residential to commercial space, and the separation of residential and commercial activities.
Necessary Permits and Approvals
Securing the necessary permits and approvals is crucial for any proposed development. The process can be complex, involving multiple government agencies and potentially lengthy timelines.
- Building permits are required for any construction or alteration of existing structures. These permits ensure compliance with building codes and safety standards. The specific requirements will depend on the scope of the project.
- Zoning permits are essential to ensure the proposed use conforms to local zoning regulations. This process involves reviewing and approving the project’s compliance with zoning ordinances and guidelines. The specifics of these permits depend on the proposed use.
- Environmental impact assessments might be necessary, especially for significant developments. These assessments evaluate the project’s potential environmental effects and propose mitigation strategies to minimize any adverse impacts. This process varies based on the project’s scale and the local environmental regulations.
Potential Uses Summary
The following table provides a concise overview of potential uses, zoning regulations, and associated costs. Note that these figures are estimates and may vary based on specific project details.
| Potential Use | Zoning Regulations | Estimated Costs (Approximate) |
|---|---|---|
| Residential (Single-Family) | Single-family residential zoning, with adherence to lot size, setback requirements, and building codes. | $2,000,000 – $4,000,000 (construction and land) |
| Commercial (Retail) | Commercial zoning for retail, with specific regulations on building size, signage, and parking. | $5,000,000 – $10,000,000 (construction and land) |
| Mixed-Use (Residential/Commercial) | Mixed-use zoning, combining residential and commercial components, subject to specific ratios and separation regulations. | $6,000,000 – $12,000,000 (construction and land) |
Potential Improvements
This exquisite property, nestled in the heart of Park Granada, Calabasas, holds immense potential for enhancement. With careful consideration and strategic investments, its allure can be further amplified, making it even more desirable for future owners. The following sections detail potential improvements, their estimated costs, and projected returns, providing a roadmap for maximizing the property’s value.
Exterior Enhancements
Strategic exterior improvements can significantly elevate the curb appeal and overall value of the property. A fresh coat of paint in a sophisticated color scheme, like a deep navy blue or a warm terracotta, can instantly rejuvenate the exterior. Replacing outdated or damaged siding with a more modern material, such as composite or fiber cement, will increase durability and aesthetic appeal.
- New Exterior Paint (Color Options): A deep navy blue or warm terracotta. These colors are current and popular, increasing the visual appeal of the home while aligning with modern aesthetics. Painting costs, including prep work, vary depending on the size of the home and the type of exterior surface, but generally fall within the range of $5,000 to $15,000. The return on investment (ROI) can be substantial, with the refreshed appearance potentially increasing the property’s value by 5-10%.
Consider similar recent renovations in the area to understand local market trends and their impact on property values.
- Siding Replacement: Replacing old, damaged siding with composite or fiber cement siding. This upgrade provides superior protection from the elements, increasing the property’s lifespan. Estimates for composite siding range from $10,000 to $30,000, depending on the size and complexity of the project. The added durability and modern aesthetic are likely to increase the property value by 8-15%. Recent local examples of comparable renovations demonstrate the impact of such improvements on property valuations.
- Landscaping Enhancements: A landscape redesign that includes drought-tolerant plants, manicured lawns, and decorative elements. This can dramatically enhance the property’s visual appeal and create a more inviting outdoor space. Costs for landscaping projects can vary greatly depending on the scope of the project and the chosen plants. The return on investment can be substantial, as landscaping often contributes significantly to a property’s aesthetic value, leading to potential increases in property value of 7-12%.
Interior Upgrades
Interior renovations can significantly increase the property’s appeal and functionality. Updating outdated kitchens and bathrooms with modern fixtures and finishes can dramatically enhance the property’s value. Consider a high-end kitchen remodel with granite countertops, stainless steel appliances, and an updated layout. A similar renovation for the bathrooms can create a spa-like atmosphere.
- Kitchen Remodel: A kitchen remodel with granite countertops, modern cabinetry, and high-end appliances. Cost estimates range from $20,000 to $50,000, depending on the scope of the project. The updated kitchen is likely to attract buyers and potentially increase the property value by 10-15%. Review recent sales of similar homes with remodeled kitchens in the area to understand the price impact.
- Bathroom Remodel: A bathroom remodel featuring high-end fixtures, luxurious tile work, and a spa-like atmosphere. Costs can range from $10,000 to $30,000, contingent on the scope of the project. This upgrade can dramatically increase the property’s appeal and potential for higher sale prices, likely contributing to a 7-12% increase in the property’s value. Recent sales data of comparable properties in the area with renovated bathrooms will provide valuable insights into the market response to this type of improvement.
- Flooring Upgrade: Upgrading to hardwood or luxury vinyl plank flooring throughout the house. This adds significant value and enhances the home’s overall aesthetic appeal. The cost estimate ranges from $5,000 to $15,000, depending on the size of the home and the type of flooring chosen. This upgrade can potentially increase the property’s value by 5-10%. Analyze recent sales in the area with similar flooring upgrades to understand their impact on property valuations.
Illustrative Design Options
The following descriptions offer visual representations of the potential improvements, highlighting their impact on the property’s aesthetic appeal. Consider these suggestions as starting points for a more personalized design vision.
- Exterior Design Option 1: A contemporary exterior design featuring a deep navy blue exterior paint job. Large windows are incorporated for natural light, enhancing the space. Modern, composite siding adds a contemporary feel, complementing the overall aesthetic. This design option enhances the property’s curb appeal, making it visually appealing and modern.
- Exterior Design Option 2: A warm terracotta exterior paint job with a mix of modern and traditional elements. A combination of stone and stucco siding adds texture and visual interest. The landscape is designed with drought-tolerant plants, adding visual appeal and reducing water usage. This design option blends traditional elements with modern touches, creating a visually interesting and inviting exterior.
- Interior Design Option 1: A modern kitchen with a large island, granite countertops, and stainless steel appliances. Open shelving and integrated lighting add a contemporary feel. A neutral color palette creates a spacious and inviting ambiance. This design enhances the functionality and aesthetics of the kitchen.
- Interior Design Option 2: A luxurious bathroom with high-end fixtures, marble countertops, and a soaking tub. Neutral tile work and integrated lighting create a spa-like atmosphere. This design enhances the functionality and aesthetic appeal of the bathroom.
Financial Projections
Unlocking the financial potential of 4500 Park Granada hinges on a careful examination of its income streams, expenses, and long-term appreciation. A robust financial model is essential for informed decision-making, guiding investment strategies, and ultimately maximizing returns. This analysis will provide a clear picture of the property’s financial viability and potential for growth.The following sections detail the anticipated income, expenses, and projected value appreciation of the property, offering a comprehensive financial outlook.
The projected figures are estimates and may vary based on market conditions, property management strategies, and unforeseen circumstances.
Potential Rental Income
Estimating rental income requires considering the property’s size, location, and current market rates for comparable properties. High-demand areas and desirable features often command higher rents. Recent trends in rental rates for similar properties in Calabasas should be factored in. For example, if comparable properties in the area are consistently renting for $8,000 per month, a similar rental strategy could be employed.
This will generate a strong base for revenue.
Long-Term Value Appreciation
Forecasting long-term value appreciation requires a nuanced understanding of market trends, economic forecasts, and local development plans. A historical analysis of property value growth in the Calabasas area provides a foundation for estimating future growth. For instance, if comparable properties in Calabasas have appreciated by an average of 5% annually over the past decade, this rate could be used as a baseline for future projections.
Naturally, market fluctuations and unforeseen events could influence these projections.
Property Expenses
Property ownership involves various recurring expenses. These include property taxes, insurance premiums, maintenance costs, and potential vacancy periods. Property taxes are often a significant expense and vary based on local tax rates and property assessments. Insurance costs are crucial for protecting the investment and are dependent on the property’s value and features. Regular maintenance is essential to preserving the property’s value and functionality, and this cost needs to be carefully calculated.
Unexpected repairs or maintenance issues can add to these expenses. Vacancy periods are a potential financial risk, so these are factored in as well.
Financial Projections Table
| Year | Income | Expenses | Net Profit |
|---|---|---|---|
| 2024 | $100,000 | $30,000 | $70,000 |
| 2025 | $110,000 | $32,000 | $78,000 |
| 2026 | $120,000 | $34,000 | $86,000 |
| 2027 | $130,000 | $36,000 | $94,000 |
| 2028 | $140,000 | $38,000 | $102,000 |
These projections are illustrative and should be reviewed by a financial professional for personalized analysis.
