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Karen Jones

phil+rf1@lofty.com +1(405) 554-7373

Listed by Blaine O. Ostrander • Redfin Corporation

$ 3,700,000

Est. payment -/mo

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Price Dropped by $200K

5164 North Faris Lane Woodland Hills, CA 91364

3 Beds

3 Baths

2,534 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,534 sqft

Price per Sqft $1,460

MLS Listing ID BB-26024978

Bedrooms 3

Full Baths 3

Year Built 1951

Lot Size 1.100 Acres

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

Property Description

DEVELOPMENT READY | MULTIPLE REVENUE STREAMS | SCALABLE EXIT STRATEGIES | STRONG MARKET ALIGNMENT | SELLER FINANCING | LOCATION. A fully prepped residential estate portfolio on just over one acre in a premier location minutes from Calabasas and Hidden Hills. Prime Location – Minutes to Calabasas & Hidden Hills; high-demand luxury market. Build-Ready – Subdivided lots, utilities, water meters, a fire hydrant, and plans. Scale Opportunity – Up to 5 total homes (1 existing + 4 new builds) Income Potential – Existing home + approved ADU + future ADUs across 3 of the 4 new homes. Multiple Exit Strategies Build & sell Hold for rental portfolio Hybrid (sell + retain) Private compound. Time = Money Saved – Entitlements and infrastructure reduce months of prep. Risk – Existing renovated home provides immediate use or income. Modern Demand Fit – Designed for multi-gen living + flexible income streams. Seller Financing – Potential leverage advantage. Rare + Location + Entitlements + Flexibility + Scale = High-Upside Development Play.WORK CompletedL,ots assigned individual APNs and addresses, Architectural plans for each new home, Architectural Plans and Permit for Residence at Lot C, Water lines to each lot, Water meters for each lot, Electric vault and conduits to each lot and Gas lines to each lot.

Location

State CA

County Los Angeles

Area Whll - Woodland Hills

Interior

Interior Features Built-In Trash/Recycling, Granite Counters, Kitchen Island, Kitchen Open to Family Room, Pots & Pan Drawers, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Heating Central, High Efficiency

Cooling Central Air, Electric, ENERGY STAR Qualified Equipment, High Efficiency, SEER Rated 16+, Whole House Fan

Fireplaces Type Wood Burning, Gas, Great Room, Raised Hearth

Inclusions To Be Determined

Laundry Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Included

Exterior

Garage Spaces 3.0

Pool None

Community Features Sidewalks, Street Lights

View Y/N Yes

View City Lights, Mountain(s), Panoramic, Trees/Woods, Valley

Building

Lot Description Front Yard, Back Yard

Sewer Public Sewer

Others

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