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Listed by Blaine O. Ostrander • Redfin Corporation
$ 1,550,000
Est. payment /mo
Price Dropped by $49K
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
FOUR BUILDABLE VIEW LOTS | FOUR APNs | TWO ACQUISITION OPTIONS
Rare Woodland Hills development opportunity offering four buildable residential lots with four separate APNs in a private, view-oriented setting south of Ventura Blvd, near Calabasas and Hidden Hills. $1,350,000 without approved plans | $1,550,000 with approved plans.
Significant development work has already been completed, including the lot split? with four separate APNs, water, electric vault, gas and a new fire hydrant at Faris Lane and Crespi Street.
Existing architectural and development work is also available with the $1.55M option.
OPTION ONE — $1,350,000: Acquire all four lots with completed infrastructure and create your own architectural vision and development strategy.
OPTION TWO — $1,550,000: Acquire all four lots with the existing approved plans and development work, providing a more advanced starting point for construction.
Potential strategies include building and selling, phased development, long-term investment, or creating a private multi-generational compound. An uncommon opportunity to acquire four separately identified buildable lots together while retaining flexibility over the ultimate development vision.
Buyer to independently verify, APNs, utilities, lot status, development potential, costs, measurements and governmental requirements. Approved plans are not necessarily building permits or RTI. Development is subject to applicable state, county and local governmental approvals and requirements.
Rare Woodland Hills development opportunity offering four buildable residential lots with four separate APNs in a private, view-oriented setting south of Ventura Blvd, near Calabasas and Hidden Hills. $1,350,000 without approved plans | $1,550,000 with approved plans.
Significant development work has already been completed, including the lot split? with four separate APNs, water, electric vault, gas and a new fire hydrant at Faris Lane and Crespi Street.
Existing architectural and development work is also available with the $1.55M option.
OPTION ONE — $1,350,000: Acquire all four lots with completed infrastructure and create your own architectural vision and development strategy.
OPTION TWO — $1,550,000: Acquire all four lots with the existing approved plans and development work, providing a more advanced starting point for construction.
Potential strategies include building and selling, phased development, long-term investment, or creating a private multi-generational compound. An uncommon opportunity to acquire four separately identified buildable lots together while retaining flexibility over the ultimate development vision.
Buyer to independently verify, APNs, utilities, lot status, development potential, costs, measurements and governmental requirements. Approved plans are not necessarily building permits or RTI. Development is subject to applicable state, county and local governmental approvals and requirements.
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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