$1,799,000

5164 N Faris Ln

  • 1.11 Ac lot
  • Updated: June 10
  • 5
    Views for last 30 days

About the Property

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 – Four New homes + ADUs in 3 of the 4 new homes. Multiple Exit Strategies Build &
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 – Four New homes + ADUs in 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. Modern Demand Fit – Designed for multi-gen living + flexible income streams. Seller Financing – Potential leverage advantage. Rare + Location + Entitlements + Flexibility + Scale = High-Upside Development WORK Completed: lots assigned individual APNs and addresses, Architectural plans for each new home, Architectural Plans, Water lines to each lot, Water meters for each lot, Electric vault and conduits to each lot and Gas lines to each lot. LOTS ARE A, B, D and E. (Lot C is excluded). Faris Lane Infastructure Cost’ $417,000 invested Cost to install the electric vault and electric pipes for each lot =  $18kCost to install the gas lines and meters for each lot = $9k Cost for building plans = $220kCost to divide lots = $125kCost for new power pole & new fire hydrant = $21kCost for new water connections to each lot and new meters for lots = $24k
  • Property type

    Land

  • Year built

    1951

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5164 N Faris Ln, CA, Los Angeles, California, United States View on Google Maps
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Blaine Ostrander
United States
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2025
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Premier by Redfin
Premier by Redfin
Seattle, United States
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Premier by Redfin serves clients with exceptional homes that deserve extra time and attention. You get the persona
Premier by Redfin serves clients with exceptional homes that deserve extra time and attention. You get the personal service and local expertise you’d expect from a high-end brokerage, plus the most comprehensive marketing plan in real estate. Your Redfin agent will create a winning strategy to prepare your home for a flawless debut and market it to attract the most qualified buyers.
Last updated
June 10
First listed
May 24
Listing reference
214464972.0
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