4571 N Gable Drive, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
Price Vs. Estimate
The estimated value ($2,103,498.615) is $104,498.615 (5%) higher than the list price ($1,999,000). This property may be underpriced.
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:
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.
Compared to the nearby listings
Price:$2.00M vs avg $1.38M (+$624,000)72%
Size:1,990 sqft vs avg 1,838 sqft53%
Price/sqft:$1.0K vs avg $76590%
More Insights
Built in 1951 (75 years old).
Condition: 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.
Year Built
1951
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,005
HOA
-
Days on market
-
Sold On
-
MLS number
26633089
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Panoramic
Patio
ViewCity Lights,Hills,Panoramic
About this 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.
K
Kamil Mrouah
Listing Agent
Price History
Date
Event
Price
06/28/22
Sold
$3,000,000
Condition Rating
Tear down
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.
Pros & Cons