4561 & 4571 Gable Drive, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
ACTIVE$3,950,000
4561 & 4571 Gable Drive, Encino, California 91316
3Beds
2Baths
1,990Sqft
41,989Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Development Opportunity: Prime development opportunity with RTI plans for two West Coast Contemporary Coastal homes.
Top Cons:
Construction Required: Requires significant construction and development to realize the planned homes.
Compared to the nearby listings
Price:$3.95M vs avg $1.47M (+$2,485,000)86%
Size:1,990 sqft vs avg 2,192 sqft45%
Price/sqft:$2.0K vs avg $74599%
More Insights
Built in 1951 (74 years old).
Condition: The property was built in 1951 and the listing emphasizes a 'prime development opportunity' with 'RTI plans'. The images show the existing structure is outdated and the listing focuses on the potential for new construction rather than the current state of the building. Therefore, the property is likely being sold for its land value and the existing structure is considered a tear-down.
Year Built
1951
Close
-
List price
$3.95M
Original List price
$4.5M
Price/Sqft
$1,985
HOA
-
Days on market
-
Sold On
-
MLS number
24430473
Home ConditionTear down
Features
Excellent View: City Lights, Mountain(s), Panoramic, Valley
Pool
ViewCity Lights,Mountain(s),Panoramic,Valley
About this home
Prime development opportunity in Encino hills, south of the boulevard, on cul-de-sac, with panoramic valley views. Two large side by side parcels, each with RTI plans for one of a kind West Coast Contemporary Coastal designed home, totaling almost 16,000sf of development. Each house features 7 bed 9 baths, with gym, sauna, theater, game room, ADUs and 50' infinity pools overlooking the valley. Each parcel with RTI plans is available separately or together. See agent remarks.
Condition Rating
Tear down
The property was built in 1951 and the listing emphasizes a 'prime development opportunity' with 'RTI plans'. The images show the existing structure is outdated and the listing focuses on the potential for new construction rather than the current state of the building. Therefore, the property is likely being sold for its land value and the existing structure is considered a tear-down.
Pros & Cons
Pros
Development Opportunity: Prime development opportunity with RTI plans for two West Coast Contemporary Coastal homes.
Panoramic Views: Offers panoramic valley views, enhancing the property's desirability.
Desirable Location: Located in the Encino hills, south of the boulevard, on a cul-de-sac, a highly sought-after area.
Cons
Construction Required: Requires significant construction and development to realize the planned homes.
High Investment: The project involves a substantial financial investment for development.