4571 N Gable Drive, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
ACTIVE$1,999,000
4571 N Gable Drive, Encino, California 91316
3Beds
2Baths
1,990Sqft
17,513Lot
Price Vs. Estimate
The estimated value ($1,356,117.425) is $642,882.575 (32%) lower than the list price ($1,999,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17513, living area = 1990.
Top Cons:
Existing Structure Condition: The 1951-built, 1,990 sqft existing home is likely considered a tear-down, requiring demolition or a major renovation, adding significant costs and project management for the buyer.
Compared to the nearby listings
Price:$2.00M vs avg $1.47M (+$534,000)65%
Size:1,990 sqft vs avg 2,192 sqft45%
Price/sqft:$1.0K vs avg $74590%
More Insights
Built in 1951 (74 years old).
Condition: The property was built in 1951, making it over 50 years old. The listing description and property analysis explicitly state that the existing 1,990 sqft home is 'likely considered a tear-down, requiring demolition or a major renovation.' The value is clearly placed on the land and the approved RTI plans for a new 7,900 sqft luxury home. The images provided are predominantly renderings of the proposed new construction, with the only interior photo of the existing structure showing dated parquet flooring and no visible kitchen or bathroom, reinforcing that the current dwelling is not intended for habitation or significant renovation.
Year Built
1951
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,005
HOA
-
Days on market
-
Sold On
-
MLS number
25548093
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Panoramic
Patio
ViewCity Lights,Hills,Panoramic
About this home
NEW PRICE. Unique opportunity to acquire existing single family dwelling in Encino hills, south of the boulevard, with 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 are for approx. 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 city.
Condition Rating
Tear down
The property was built in 1951, making it over 50 years old. The listing description and property analysis explicitly state that the existing 1,990 sqft home is 'likely considered a tear-down, requiring demolition or a major renovation.' The value is clearly placed on the land and the approved RTI plans for a new 7,900 sqft luxury home. The images provided are predominantly renderings of the proposed new construction, with the only interior photo of the existing structure showing dated parquet flooring and no visible kitchen or bathroom, reinforcing that the current dwelling is not intended for habitation or significant renovation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17513, living area = 1990.
Approved RTI Plans: The property includes approved Ready-To-Issue (RTI) plans for a substantial 7,900 sqft, 7-bed, 9-bath luxury home with extensive amenities, significantly streamlining the development process.
Premium Location: Situated in the highly desirable Encino Hills, south of Ventura Boulevard, on a secluded cul-de-sac, offering exclusivity, privacy, and prestige.
Panoramic Views: Features stunning panoramic valley views, including city lights and hills, which is a highly sought-after and value-adding amenity in this market.
Significant Development Potential: Offers a unique opportunity to build a custom, high-end estate complete with an ADU, a 50' infinity pool, and luxury features, catering to a discerning buyer.
Generous Lot Size: A substantial 17,513 sqft lot provides ample space for the proposed large-scale luxury development and extensive outdoor living areas.
Cons
Existing Structure Condition: The 1951-built, 1,990 sqft existing home is likely considered a tear-down, requiring demolition or a major renovation, adding significant costs and project management for the buyer.
Substantial Additional Investment Required: The purchase price primarily covers the land and approved plans; the buyer must be prepared for a multi-million dollar construction budget to realize the proposed luxury home.
High Entry Price for Development: The list price of $1.999M is high for a property where the primary value is in its development potential rather than an existing, move-in ready luxury home, potentially narrowing the buyer pool.