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Listed by Blaine O. Ostrander • Redfin Corporation
$ 1,799,000
Est. payment /mo
Active
5164 North Faris Lane Woodland Hills, CA 91364
1.1 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB-26090894
Lot Size 1.100 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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 – Four New homes + ADUs in 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. Modern Demand Fit – Designed for multi-gen living + flexible income streams. Seller Financing – Potential leverage advantage. Rare + Location + Entitlements + Flexibility + Scale = High-Upside Development WORK Completed: lots assigned individual APNs and addresses, Architectural plans for each new home, Architectural Plans, Water lines to each lot, Water meters for each lot, Electric vault and conduits to each lot and Gas lines to each lot. LOTS ARE A,B,D and E. (Lot C is excluded). Faris Lane Infastructure Cost' $417,000 invested Cost to install the electric vault and electric pipes for each lot = $18kCost to install the gas lines and meters for each lot = $9k Cost for building plans = $220kCost to divide lots = $125kCost for new power pole & new fire hydrant = $21kCost for new water connections to each lot and new meters for lots = $24k
Location
State CA
County Los Angeles
Area Whll - Woodland Hills
Zoning LAR1
Interior
Inclusions To Be Determined
Exterior
Community Features Sidewalks, Street Lights
View Y/N Yes
View Mountain(s), Panoramic, Trees/Woods, Valley, City Lights
Building
Lot Description Front Yard, Back Yard
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES
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