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Exceptional West Hills Development and Investment Opportunity on Approximately Half an Acre! Positioned for investors, builders, and developers, this expansive property offers immediate rental income potential while pursuing permits and evaluating future development opportunities. Adding significant credibility to its upside. An entitled SB 1123 small-lot subdivision with an approved Vesting Tentative Tract Map in West Hills, the highest-priced submarket on Shoup Avenue has been approved for a neighboring 10-home small-lot subdivision featuring 10 attached ADU suites, for a total of 20 dwelling units and approximately 18,629 square feet of habitable area. A potential lot split and additional development possibilities further enhance the property's appeal, subject to buyer investigation and applicable approvals. The property includes a beautifully remodeled 4-bedroom, 3-bathroom residence that can generate rental income during the entitlement and permitting process. Updates include new wood laminate flooring, recessed lighting, Milgard windows, a wood-burning fireplace, and a modern kitchen with a 9-by-4-foot center island, quartz countertops, new cabinetry, and new appliances. Two bedrooms feature en-suite bathrooms, and the home also includes a spacious family room and separate laundry room. A detached, approximately 912-square-foot four-car garage with 22-foot ceilings and a loft area includes plans for conversion into a 3-bedroom, 2-bathroom ADU, creating additional income potential. The property also has approved plans for an approximately 2,400-square-foot building at the rear, providing another avenue for expansion or development. Located near major shopping, dining, and employment centers, this property presents a compelling opportunity to secure a large West Hills parcel with existing improvements and substantial long-term development upside!
Listing agent: Eric Delgado DRE #01831579 ericdelgado@luxurycollectivere.com, Listing office: Luxury Collective
MLS data updated 10/16/2026, 9:57:08 PM PT
Source: CRMLS, MLS #: SR26182038
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 25, 2026
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This home · nearest recorded event
$1,875,000Original asking price · Aug 25, 2026ZIP 91307 · Aug 2026
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
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