5164 N Faris Lane, Woodland Hills, California 91364, Woodland Hills, 91364 - 3 bed, 3 bath
Loading property details...
Woodland Hills, California 91364
Analysis of 5164 N Faris Lane, Woodland Hills, California 91364 is currently available with a list price of $3,700,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Woodland Hills Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1951, the existing residence has undergone an extensive recent renovation that brings it up to modern luxury standards. The interior features contemporary wood-look flooring, recessed LED lighting, and high-end black-framed panoramic windows and sliding doors that capitalize on the views. The exterior is well-maintained with updated stucco, a newer roof, and a massive, modern composite deck. The property is marketed as development-ready with a move-in ready, fully updated primary home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47916, living area = 2534.
This rare one-acre estate is fully prepped for expansion with subdivided lots, utilities, and plans already in place for up to five total homes, significantly reducing the typical entitlement timeline.
Situated minutes from Calabasas and Hidden Hills, the property commands a premier Woodland Hills position with stunning panoramic views of the valley, mountains, and city lights.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =47916, other record lot size in square feet = 18676.
Despite being build-ready, the project requires substantial capital investment and construction management expertise to realize the full five-home development potential.
While the location is prestigious, several of the assigned local public schools carry lower ratings, which may be a consideration for families prioritizing top-tier educational proximity.
DEVELOPMENT READY | MULTIPLE REVENUE STREAMS | SCALABLE EXIT STRATEGIES | STRONG MARKET ALIGNMENT | SELLER FINANCING | LOCATION. A fully prepped residential estate portfolio on just over one acre in a premier location minutes from Calabasas and Hidden Hills. Prime Location – Minutes to Calabasas & Hidden Hills; high-demand luxury market. Build-Ready – Subdivided lots, utilities, water meters, a fire hydrant, and plans. Scale Opportunity – Up to 5 total homes (1 existing + 4 new builds) Income Potential – Existing home + approved ADU + future ADUs across 3 of the 4 new homes. Multiple Exit Strategies Build & sell Hold for rental portfolio Hybrid (sell + retain) Private compound. Time = Money Saved – Entitlements and infrastructure reduce months of prep. Risk – Existing renovated home provides immediate use or income. Modern Demand Fit – Designed for multi-gen living + flexible income streams. Seller Financing – Potential leverage advantage. Rare + Location + Entitlements + Flexibility + Scale = High-Upside Development Play.WORK CompletedL,ots assigned individual APNs and addresses, Architectural plans for each new home, Architectural Plans and Permit for Residence at Lot C, Water lines to each lot, Water meters for each lot, Electric vault and conduits to each lot and Gas lines to each lot.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 2.5 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,534 | 2,243 | 59% |
| Lot Size | 47,916 | 9,877 | 98% |
| Price | $3.70M | $1.31M | 97% |
| Price per sq ft | $1.5K | $623 | 99% |
| Built year | 1951 | 1962 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 180 | 5% |
Apr 8, 2026
$3,700,000
$3,900,000
-5% Price Drop
Initial Listing
Mar 6, 2026
$3,900,000
Initial Listing