$3,900,000

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… Read More 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. Read Less

Property listed by Redfin Corporation, Blaine Ostrander 877-973-3346

Listing Snapshot

Days Online

Last Updated

Apr 1, 2026

Property Type

SingleFamilyResidence

Beds

Full Baths

Square Ft.

2,534

Lot Size

1.1 Acres

Year Built

1951

MLS Number

BB26024978

Additional Details

Appliances & Equipment

DoubleOven, Dishwasher, EnergyStarQualifiedAppliances, EnergyStarQualifiedWaterHeater, ExhaustFan, ElectricOven, GasCooktop, GasWaterHeater, HotWaterCirculator, IceMaker, Microwave, Refrigerator, RangeHood, SelfCleaningOven, TanklessWaterHeater, WaterToRefrigerator, WaterHeater, Dryer, Washer

Building

Built in 1951, Living area: 2534.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: 1

Community

StreetLights, Sidewalks

Cooling

CentralAir, Electric, EnergyStarQualifiedEquipment, HighEfficiency, WholeHouseFan

Energy Saving

Energy Efficiency: Appliances, WaterHeater

Fireplaces

Gas, GreatRoom, RaisedHearth, WoodBurning

Garage

3 spaces

Heating

Central, HighEfficiency, NaturalGas

Home Owner's Association

Association Fee: $0

Interior Features

AllBedroomsDown, BedroomOnMainLevel, GalleyKitchen, WalkInClosets

Laundry

ElectricDryerHookup, GasDryerHookup, Inside, LaundryRoom

Lot

1.1 acres, BackYard, FrontYard

Parking

3 total parking spaces

Pool

None

Property

CityLights, Mountains, Panoramic, Valley, TreesWoods

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 2075012061, Lot: C

Utilities

Water Source: Public

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