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4640 Petit Ave, Encino, CA, 91436

$14,995,000

6 Bedrooms
7 Full Baths, 3 Partial
12,034 SqFt
$1,246/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered, Driveway, Garage, Guest, Gated, Private, Uncovered
Attached GarageYes
Year Built2024
HeatingCentral
CoolingCentral Air
FireplaceLiving Room, Primary Bedroom, Outside
ViewPool
Private PoolYes
MLS #24449941
Lot Size1.13 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 4640 Petit Ave

Step into a league of your own at 4640 Petit Ave, where unmatched luxury collides on a sprawling 1.2-acre estate in the prestigious Encino Hills. Positioned on completely flat, fully usable landan ultra-rare findthis 12,034 sq. ft. architectural marvel is designed for the professional who demands it all. Unlike hillside properties, this estate's flat terrain maximizes every square foot of its 1.2 acres, allowing for vast indoor and outdoor entertaining spaces, a full-size basketball court, staff parking, and a resort-style zero edge pool. More space, more exclusivity, and more freedom to live large and entertain on a scale that few can even dream of. This isn't just a home; it's your personal paradise, where boundaries are pushed, and limits don't exist.From the moment you arrive, the property's grandeur takes your breath away. The grand driveway, lined with 13 towering palm trees, welcomes you to a home that offers endless opportunities for both indoor and outdoor enjoyment. This home features 12-foot pocket doors to a lush, resort-like backyard all surrounded by flat, beautifully landscaped grounds. The gourmet kitchen and butler's kitchen, equipped with top-of-the-line Miele appliances and dual islands, is an entertainer's dream. Whether you're hosting casual gatherings or formal dinner parties, this kitchen offers both the space and functionality to handle it all.Meticulously designed by a renowned professional design team who crafted every detail with timeless elegance in mind the home embraces a palette of earthy, natural tones that exude sophistication and warmthcolors and materials chosen to endure the test of time. For the ultimate hangout spot, the full game bar is equipped with four mounted TVs, so you and your friends will never miss a game. Whether you're enjoying drinks, catching a big sporting event, or hosting a poker night, this bar is built for serious fun. And for those who love to stay active, the front yard boasts a full-size basketball court, complete with Kobe Bryant logos, providing the perfect space to shoot hoops, host friendly games, or unwind with the guys.One of the home's most unique and stunning features is the majestic olive tree, an impressive centerpiece that brings a touch of nature right into the core of your living space. This natural element enhances the indoor-outdoor connection and adds an elegant, timeless touch to the home's design. And it doesn't stop there. Car enthusiasts will be captivated by the parking showroom, complete with sleek epoxy flooring.4640 Petit Ave is more than just a homeit's a statement of prestige, space, and lifestyle for those who demand the best. With its expansive flat acreage, state-of-the-art amenities, and timeless design, this estate offers an extraordinary opportunity to live, entertain, and enjoy life on a scale few can match.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2024
  • Stories: 1
  • Living Area: 12,034 SqFt

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700

Interior Features

Interior Information:

  • Appliances: Double Oven, Dishwasher, Microwave, Oven, Range, Refrigerator
  • Flooring Type: Tile, Wood
  • Interior: Wet Bar, Breakfast Bar, Breakfast Area, Separate/Formal Dining Room, Eat-in Kitchen, High Ceilings, Open Floorplan, Bar, Dressing Area, Walk-In Closet(s)
  • Fireplace: Living Room, Primary Bedroom, Outside

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 7
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Pool
  • Exterior: Fire Pit

Parking Information:

  • Attached Garage: Yes
  • Parking: Covered, Driveway, Garage, Guest, Gated, Private, Uncovered

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Lawn
  • Lot Size: 1.13 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Ventura Blvd to Petit Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $14,995,000
  • Price Per SqFt: $1,246/SqFt

Tax Information:

  • Annual Amount: $45,125
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

4640 Petit Ave vs Los Angeles

44 DAYS ON ROCKET

+6 Days

$14,995,000

+$13.9M More

$1,246/SqFt

+$605 More

KEY TAKEAWAY

This property is $13.9M more than the Median Sold Price and $605/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24449941

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 12, 2020Home Sold
$3,750,000

Tax History

YEARPROP. TAXASSESSMENT
2021$45,125$3,750,000
2020$9,535$744,450
2019$9,056$729,854
2018$8,864$715,544
2017$8,864$701,515

History based on county public records data.

Payment Calculator

$74.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$45K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-288801
9
/10
  • Lanai Road Elementary School

  • 4241 Lanai Rd

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-288802
7
/10
  • Encino Charter Elementary School

  • 16941 Addison St

  • 0.60 miles

  • Public Charter Grades KG-5

school-card-donut-288803
9
/10
  • Academy for Enriched Sciences

  • 17551 Miranda St

  • 1.76 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $170,455. Residents of Los Angeles, CA typically earn $200k+ each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4640 Petit Ave

What is the listing price of this property?

The listing price of 4640 Petit Ave property is $14,995,000.

What type of property is this?

The property 4640 Petit Ave is a house located in Encino, California, 91436.

Is this property for sale now?

Accepting Backup Offers: 4640 Petit Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $45,125 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 12, 2020 for $3,750,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4640 Petit Ave has 6 bedrooms and 7 full and 3 half bathrooms.

What is the square footage of this property?

The property 4640 Petit Ave is 12,034 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4640 Petit Ave is 2024.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles914364640 Petit Ave

This home is located at 4640 Petit Ave in Encino, CA and zip code 91436 in the The San Fernando Valley neighborhood. This 12,034 square foot home, which was built in 2024, sits on a 1.13 acre lot. Features: 6 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $14,995,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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