9361 Farralone Ave, Chatsworth, CA 91311 – 24-436580

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$7,995,000

Est. payment - /mo

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7 BD

9 BA

8,161 SqFt

Active

9361 Farralone Ave Chatsworth, CA 91311

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/17/2024 06:43 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 8,161 sqft

Price per Sqft $979

MLS Listing ID 24-436580

Style Mid-Century

Bedrooms 7

Full Baths 7

Half Baths 2

HOA Y/N No

Year Built 1951

Lot Size 13.585 Acres

Acres 13.59

Property Description

This property has been mis-marketed for years. Yes, it is a ground-breaking Mid Century modern designed by America's iconic architect William Pereria. Yes, it was owned by Frank Sinatra and was the playground for Hollywood's elite. Yes, there is Tentative Tract Map approval for eleven separate parcels and can be developed as a very special guard-gated community. Yes, it is zoned for Equestrian and Agriculture (think Vineyard!). And yes, it is indeed America's most filmed private location and does indeed historically generate between $750,000 - $1,200,000 annually with a "who's who" of Hollywood productions. Every Studio, every Production Designer, and every Location Manager know about this fabled property. While this listing has been over-priced for the past thirteen years, under new Ownership, it finally is ready to sell, for the right fair market value. This property has been grossly under-utilized to maximize its income potential. The recent HERMES "Red" party vividly demonstrates the dynamic opportunity. Corporate retreats, curated gourmet chef events, or even Air BnB rentals can juice the yield to this crown jewel to enviable recurring revenue stream. New ownership indicates a new approach to a realistic sale. Come see for yourself. Sale includes two APN's: 2727-021-021 and 2727-021-022, also known as 9361 & 9363 Farralone Avenues. 022 currently includes the main residence, 021 includes the guest house and approved 11 parcels.

Location

State CA

County Los Angeles

Area Chatsworth

Zoning LAA1

Rooms

Family Room 1

Other Rooms GuestHouse, Pool House

Dining Room 1

Interior

Heating Central

Cooling Central

Flooring Terrazzo, Slate, Wood, Other

Fireplaces Number 3

Fireplaces Type Living Room, Primary Bedroom, Library, Wood Burning

Equipment Alarm System, Barbeque, Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven, Microwave, Freezer, Other

Laundry Room, Inside

Exterior

Parking Features Driveway, Garage - 3 Car, Parking for Guests, Driveway Gate

Garage Spaces 50.0

Pool In Ground

View Y/N Yes

View City, City Lights, Mountains, Valley

Building

Story 1

Sewer Septic Tank

Architectural Style Mid-Century

Level or Stories One

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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