4418 Woodley Avenue, Encino, California 91436, Encino, 91436 - 6 bed, 4 bath
ACTIVE$3,200,000
4418 Woodley Avenue, Encino, California 91436
6Beds
4Baths
3,318Sqft
56,522Lot
Year Built
1955
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$964
HOA
-
Days on market
-
Sold On
-
MLS number
IG25015631
Home ConditionTear down
Features
Excellent View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $3.20M(72th), sqft - 3318(52th), beds - 6(90th), baths - 4(50th).
Lot value only. This home was torn down with plans of rebuilding. This lot has breathtaking city views of the city and private entry. Bring your investors or contractor.
Nearby schools
8/10
Lanai Road Elementary School
Public,•K-5•0.6mi
9/10
Kester Avenue Elementary School
Public,•K-5•1.8mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.4mi
5/10
Lemay Street Elementary School
Public,•K-5•3.4mi
6/10
Lemay Street Elementary School
Public,•K-5•3.5mi
6/10
Newcastle Elementary School
Public,•K-5•3.6mi
5/10
Brentwood Science School
Public,•K-5•7.0mi
2/10
Van Nuys Middle School
Public,•6-8•2.2mi
5/10
William Mulholland Middle School
Public,•6-8•3.0mi
3/10
William Mulholland Middle School
Public,•6-8•3.2mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.6mi
6/10
Van Nuys Senior High School
Public,•9-12•3.1mi
4/10
Reseda Senior High School
Public,•9-12•3.8mi
6/10
University Senior High School
Public,•9-12•7.4mi
6/10
University Senior High School Charter
Public,•9-12•7.4mi
Price History
Date
Event
Price
01/22/25
Listing
$3,200,000
Condition Rating
Tear down
The MLS description explicitly states, 'This home was torn down with plans of rebuilding. This lot has breathtaking city views of the city and private entry.' The provided images confirm this, showing only the skeletal framing of a structure and a cleared lot, indicating the property is unlivable and its value is solely based on the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Exceptional City Views: The lot offers breathtaking city views, a highly desirable and value-adding feature in the Encino market.
Significant Lot Size: With a generous lot size of 56,522 sqft, there is ample space for a custom-built luxury estate, extensive landscaping, and premium amenities.
Prime Encino Location: Situated in Encino, a highly sought-after and affluent neighborhood in Los Angeles, known for its upscale properties and amenities.
Development-Ready Opportunity: Explicitly marketed as 'Lot value only' with 'plans of rebuilding,' this property presents a clear and attractive opportunity for new construction or a custom home project.
Private Entry: The property benefits from a private entry, enhancing exclusivity, security, and curb appeal for a future luxury residence.
Cons
No Existing Habitable Structure: The previous home has been torn down, meaning the property is a vacant lot requiring complete new construction from the ground up.
Substantial Development Costs & Time: Buyers will incur significant financial investment and a lengthy timeline for design, permitting, and building a new home, beyond the purchase price of the lot.
Limited Buyer Pool: The property's nature as a vacant lot suitable for rebuilding primarily appeals to experienced developers, investors, or custom home builders, narrowing the potential market.