$ 3,900,000
-
$3,900,000
Price -
3
Bed -
3
Bath -
2,534
SqFt
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About the Listing BH5345356 - BB42088,VCR-C159051737
This Rare Residential Estate Portfolio is South of Ventura Boulevard, just minutes from Calabasas and Hidden Hills, on just over one acre with sweeping views. Welcome to 5164 North Faris Lane in Woodland Hills. Beyond a private gate, on its own private lane, sits a beautifully renovated single-story home with mountain views by day and sparkling city lights by night.Thoughtful renovations created an exceptional open floor plan where the family room, dining area, and bar form the heart of the home. The spacious designer kitchen features a large center island, Quartzite countertops, custom tile backsplash, premium Frigidaire and Thermador appliances, generous storage, and ample gathering space. A secondary bedroom and fully renovated guest bath are positioned just off the kitchen, along with a laundry room that connects to the oversized three-car tandem garage.The east wing offers a redesigned primary suite with custom wall-to-wall closet cabinetry, an additional walk-in closet, and a refined spa-style bath. A second en-suite bedroom is also located in this wing. Both bedrooms feature French and sliding doors for fresh air and views. Below the family room, an enclosed basement with approved plans offers the opportunity to build an approximately 1,000-square-foot, two-bedroom, two-bath ADU with a restored deck above. This flexible space can serve extended family, guests, or generate income.Beyond the existing residence lies the true rarity: the opportunity to build up to four additional two-story homes, each with views and two-car garages. Individually designed plans are available, with custom ADUs incorporated into three of the proposed homes—an intentional response to today’s demand for multi-generational and flexible living. Ownership strategies include: • Creating a private family compound with resort-style amenities while developing one home for income or resale. • Building all four residences to establish a five-home portfolio designed for cash flow. • Developing the properties, retaining select homes for long-term income, and selling others for strategic profit. To accelerate development and reduce costs, substantial infrastructure improvements are already complete, including utilities, legally divided lots with individual addresses, water meters, a new fire hydrant, and full building plans for multiple homes. This is a rare opportunity to enjoy luxury living today while building generational wealth for tomorrow. Seller financing is negotiable.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Residential
MLS ®
BB26024978
Year Built
1951
Total Square Footage
2,534
Lot/Acreage
1.1
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Double Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Electric Oven, Gas Cooktop, Gas Water Heater, Hot Water Circulator, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Tankless Water Heater, Water To Refrigerator, Water Heater, Dryer, Washer
- Air Cond: Central Air,Electric,ENERGY STAR Qualified Equipment,High Efficiency,Whole House Fan
- Heating: Central,High Efficiency,Natural Gas
- Fireplaces: Gas,Great Room,Raised Hearth,Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down,Bedroom on Main Level,Galley Kitchen,Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: Back Yard,Front Yard,No Land Lease
- Garage Capacity: 3 car
- Parking Spaces: 3
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2075012061
- Tax Year: N/A
Payment Calculator
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Questions About..
5164 N Faris Ln Woodland Hills, CA 91364
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