4571 Gable Drive, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
ACTIVE$2,195,000
4571 Gable Drive, Encino, California 91316
3Beds
2Baths
1,990Sqft
17,513Lot
Year Built
1951
Close
-
List price
$2.19M
Original List price
$2.35M
Price/Sqft
$1,103
HOA
-
Days on market
-
Sold On
-
MLS number
24430455
Home ConditionFair
Features
Good View: City Lights, Hills
ViewCity Lights,Hills
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 2 Cons,3 Pros. Rank: price - $2.19M(69th), sqft - 1990(45th), beds - 3(49th), baths - 2(40th).
Unique opportunity to acquire an existing single family dwelling in Encino hills, south of the boulevard, with fully approved RTI plans for one of a kind West Coast Contemporary Coastal designed home. Set on a secluded cul-de-sac, property features panoramic valley views. RTI plans call for 7,900sf 7 bed 9 bath home with game room, theater, gym, sauna, 3 car garage and additional parking, ADU and 50' infinity pool overlooking the valley.
Condition Rating
Fair
The property was built in 1951 and while the listing mentions approved plans for a new home, the existing structure appears aged in the photos. The kitchen and bathrooms are not explicitly shown, but given the age of the home, they likely require updates. The property seems maintained but outdated, fitting the 'fair' condition.
Pros & Cons
Pros
Approved Plans: The property comes with fully approved RTI plans for a modern, large-scale home, saving significant time and expense in the development process.
Panoramic Views: Located in the Encino hills, the property boasts panoramic valley views, enhancing its desirability and potential value.
Desirable Location: Situated south of the boulevard on a secluded cul-de-sac, the property offers both privacy and convenient access to amenities.
Cons
Construction Required: The property requires significant construction to realize the value of the approved plans, representing a substantial investment.
Existing Structure: The existing single-family dwelling may require demolition, adding to the overall project cost and timeline.