4571 N Gable Drive, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
4571 N Gable Drive
Encino, California 91316
Property Price
SUMMARY
Analysis of 4571 N Gable Drive, Encino, California 91316 reveals a Fairly Priced Property with a current list price of $1,999,000 aligned with the estimated $1,957,752 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Encino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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 Development Plans (RTI)
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.
- Premium Location
Situated in the highly desirable Encino Hills, south of the boulevard, offering an exclusive and prestigious address.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Existing Structure Condition
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.
- Substantial Additional Investment Required
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.
About 4571 N Gable Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 17,513 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,990 | 1,913 | 52% |
| Lot Size | 17,513 | 6,003 | 85% |
| Price | $2.00M | $1.35M | 73% |
| Price per sq ft | $1.0K | $748 | 94% |
| Built year | 1951 | 1952 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 169 | 4% |
Pricing History
Listed for Sale
Jan 8, 2026
$1,999,000
Initial Listing
Sold
Jun 28, 2022
$3,000,000
Public Record