5164 N Faris Lane

About this home

FOUR BUILDABLE VIEW LOTS | FOUR APNs | TWO ACQUISITION OPTIONS Rare Woodland Hills development opportunity offering four buildable residential lots with four separate APNs in a private, view-oriented setting south of Ventura Blvd, near Calabasas and Hidden Hills. $1,350,000 without approved plans | $1,550,000 with approved plans. Significant development work has already been completed, including the lot split? with four separate APNs, water, electric vault, gas and a new fire hydrant at Faris Lane and Crespi Street. Existing architectural and development work is also available with the $1.55M option. OPTION ONE — $1,350,000: Acquire all four lots with completed infrastructure and create your own architectural vision and development strategy. OPTION TWO — $1,550,000: Acquire all four lots with the existing approved plans and development work, providing a more advanced starting point for construction. Potential strategies include building and selling, phased development, long-term investment, or creating a private multi-generational compound. An uncommon opportunity to acquire four separately identified buildable lots together while retaining flexibility over the ultimate development vision. Buyer to independently verify, APNs, utilities, lot status, development potential, costs, measurements and governmental requirements. Approved plans are not necessarily building permits or RTI. Development is subject to applicable state, county and local governmental approvals and requirements.