5164 N Faris Lane, Woodland Hills, CA 91364
List Price: $1.6M
Listing Status: Active
Original List Price: $3.7M
0Days on Market: 144
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 47,916 sq ft
MLS Number: BB26090894
About This Property
FOUR RESIDENTIAL BUILD-READY DEVELOPMENT PACKAGE | PLANS + INFRASTRUCTURE IN PLACE A rare opportunity to acquire four individually divided residential lots in Woodland Hills, offered together as a development package. The heavy lifting has already begun. Architectural plans, lot division, water connections/meters, electrical infrastructure, gas infrastructure, and other development improvements are already in place, creating a substantially more advanced starting point than a typical vacant land acquisition. The package includes plans for four new custom residences, with approximately 12,000+ SF of proposed primary living space plus ADUs, offering multiple strategies for builders, developers, investors, or groups looking to build and sell, build and hold, or create a multi-property residential portfolio. FOUR LOTS | FOUR HOMES | MULTIPLE EXIT STRATEGIES • Approximately 1.1 acres combined • Four individually divided residential lots • Architectural plans included • Water connections and meters in place • Electrical vault/conduits installed • Gas infrastructure installed • New power pole and fire hydrant • Public water and sewer • South of Ventura Boulevard • View-oriented residential sites • ADU opportunities incorporated into select plans • Approximately $417,000 reportedly invested in infrastructure, planning and lot division $1,599,000 FOR THE FOUR-LOT PACKAGE — APPROXIMATELY $399,750 PER LOT This is not simply a land acquisition. It is an opportunity to acquire a partially entitled and infrastructure-advanced residential development package with substantial upfront work already completed. SELLER FINANCING CONSIDERED Buyer to independently verify all plans, permits, development rights, costs, dimensions, utilities, zoning, and feasibility with the appropriate governmental agencies and professionals.
Listing provided by: Blaine Ostrander DRE #01178207