Listing Agent: Sahib Bhasin      Broker/Office: Pinnacle Estate Properties
5255 Amestoy Encino CA 91316
$ 6,499,999
  5   |    4 Full  1 Half   |    5928 Sq Feet

Listing ID

#SR26136809

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1940

Lot Size

1

Days on website

4

Description
A truly rare offering in prestigious Amestoy Estates, this sprawling 1.5-acre ALL-FLAT corner lot presents one of the most exceptional development opportunities currently available in Encino. Surrounded by some of the area's most distinguished multi-million-dollar estates, this property offers endless possibilities for developers, investors, builders, and end-users seeking to create a legacy estate. The existing residence features a flexible floor plan with a first-floor bedroom and three spacious upstairs bedrooms overlooking the expansive park-like grounds. In addition, the property includes a substantial detached 1,620-square-foot guest house with soaring ceilings, a private entrance, and tremendous potential for extended family, guests, a home office, wellness retreat, or income-producing opportunities. What truly sets this property apart are the included plans for an approximately 28,000-square-foot luxury estate, offering buyers a significant head start toward creating a world-class custom residence. Buyers are advised to verify all plans, permits, development opportunities, and the potential for lot subdivision with the appropriate professionals and governmental agencies. Whether your vision is a private family compound, a multi-generational estate, multiple luxury residences, or an unparalleled resort-style retreat complete with expansive outdoor amenities, sports courts, guest accommodations, and entertainment spaces, the possibilities are virtually limitless. The property's flat topography, enormous frontage, and premier location provide an extraordinary canvas to bring your dream project to life. Ideally situated within walking distance to Ventura Boulevard's renowned dining, shopping, and entertainment, this is a once-in-a-generation opportunity to acquire one of Encino's most versatile and valuable development sites.
Location
Financial Information
List Price:  $ 6499999
Property Features
Flooring:  Carpet, Stone, Tile
Heating:  Central
High School District:  Los Angeles Unified
Interior Features:  Pantry
Levels:  Two
Pool Features:  Private
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  ENC - Encino
City:  Encino
Listed By:   Sahib Bhasin   Pinnacle Estate Properties 
Co-listed by
Parminder Bhasin  
CA Lic#