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
Price Vs. Estimate
The estimated value ($1,481,232.93) is $713,767.07 (32%) lower than the list price ($2,195,000). 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:
Significant Additional Investment Required: The listing price covers the land and approved plans; the buyer will need to fund the entire multi-million dollar construction cost of the 7,900 sqft luxury home.
Compared to the nearby listings
Price:$2.19M vs avg $1.47M (+$730,000)69%
Size:1,990 sqft vs avg 2,192 sqft45%
Price/sqft:$1.1K vs avg $74598%
More Insights
Built in 1951 (74 years old).
Condition: The property was built in 1951, making it over 70 years old. The listing description explicitly states it's an 'existing single family dwelling... likely intended for demolition' and highlights the value in the 'fully approved RTI plans for one of a kind West Coast Contemporary Coastal designed home.' The images confirm a very dated interior with an old kitchen (original cabinets, older appliances) and bathrooms (outdated fixtures, tiling), consistent with a property that has not undergone major renovations in decades and whose value is primarily in the land and redevelopment potential.
Year Built
1951
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$1,103
HOA
-
Days on market
-
Sold On
-
MLS number
25499935
Home ConditionTear down
Features
Excellent View: City Lights, Hills
ViewCity Lights,Hills
About this home
Unique opportunity to acquire 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 city.
Condition Rating
Tear down
The property was built in 1951, making it over 70 years old. The listing description explicitly states it's an 'existing single family dwelling... likely intended for demolition' and highlights the value in the 'fully approved RTI plans for one of a kind West Coast Contemporary Coastal designed home.' The images confirm a very dated interior with an old kitchen (original cabinets, older appliances) and bathrooms (outdated fixtures, tiling), consistent with a property that has not undergone major renovations in decades and whose value is primarily in the land and redevelopment potential.
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.
Fully Approved RTI Plans: The property comes with fully approved 'Ready-To-Issue' plans for a one-of-a-kind 7,900 sqft West Coast Contemporary Coastal designed home, significantly reducing development time and uncertainty.
Prime Location: Situated in the desirable Encino Hills, south of the boulevard, on a secluded cul-de-sac, offering exclusivity and a prestigious address.
Panoramic Valley Views: The property boasts panoramic valley views, a highly sought-after feature that enhances desirability and potential future value.
Extensive Luxury Design: The approved plans detail a grand 7-bed, 9-bath residence with high-end amenities including a game room, theater, gym, sauna, 3-car garage, ADU, and a 50' infinity pool.
Large Lot Size: A substantial 17,513 sqft lot provides ample space for the planned large luxury home and its extensive outdoor features.
Cons
Significant Additional Investment Required: The listing price covers the land and approved plans; the buyer will need to fund the entire multi-million dollar construction cost of the 7,900 sqft luxury home.
Not Move-in Ready: The property currently features an existing 1951 single-family dwelling that is likely intended for demolition, meaning the buyer cannot move in immediately.
Extended Project Timeline: Despite having RTI plans, the construction of a 7,900 sqft custom home is a lengthy process, requiring considerable time (typically 18-36 months) from groundbreaking to completion.