4571 N Gable Drive, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
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Encino, California 91316
This Luxury Development Asset is listed at $1,999,000, representing a stable entry point relative to its $1,957,752 Fair Market Value. With a Condition Rating of 6, the value is concentrated in the Approved RTI Plans for a 7,900 sqft contemporary residence. The property features a 17,513 sqft Lot and Panoramic Valley Views in the prestigious Encino Hills. Including designs for a 50' Infinity Pool, this shovel-ready project offers significant time-to-market advantages within the Los Angeles Unified School District. This is a premier acquisition for Luxury Developers or Custom Home Builders.
Property is land value only, full reconstruction required.
The property was built in 1951, making it 73 years old. The MLS description explicitly states that the existing dwelling is 'likely a tear-down' and the listing focuses on approved plans for a new 7,900 sqft luxury home. Interior images show extremely dated finishes, including parquet flooring, green carpet, and old fixtures, indicating no significant renovations in decades. The value is clearly in the land and redevelopment potential, not the existing structure.
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.
The property comes with approved Ready-To-Issue (RTI) plans for a 7,900 sqft, 7 bed, 9 bath West Coast Contemporary Coastal designed home, including a game room, theater, gym, sauna, ADU, and a 50' infinity pool, significantly de-risking and accelerating a luxury development project.
Situated in the highly desirable Encino Hills, south of the boulevard, offering an exclusive and prestigious address.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17513, other record lot size in square feet = 17941.
The 1951-built existing dwelling (3 beds, 2 baths, 1990 sqft) is likely a tear-down, necessitating demolition costs and time before new construction can commence.
The listed price covers the land and approved plans; the buyer must be prepared for a multi-million dollar construction budget to realize the full vision of the luxury home.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,990 | 2,107 | 46% |
| Lot Size | 17,513 | 6,122 | 80% |
| Price | $2.00M | $1.47M | 62% |
| Price per sq ft | $1.0K | $805 | 89% |
| Built year | 1951 | 1955 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 159 | 28% |
Jan 8, 2026
$1,999,000
Initial Listing
Jun 28, 2022
$3,000,000
Public Record