
Encino, California 91436
This Mid-Century Development Asset is listed at $2,999,000, positioned near its $2,932,384 Fair Market Value. Featuring a Fair Condition Rating, the residence offers a significant Value-Add Opportunity on an expansive 35,571 sq ft lot in the elite Royal Oaks enclave. The property boasts panoramic mountain views, a Pebble-Tec pool, and proximity to the 9/10 rated Roscomare Road Elementary. With verified potential to create a 10,700 sq ft custom estate, this is a premier acquisition for Luxury Developers or Owner-Occupants looking to build a legacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15901 High Knoll Road Subject | $2,999,000* List Price | 4 | 4 | 3,395 | $864 | - |
A 4950 Woodley Avenue Sold | $3,125,000 | 5 | 5 | 4,385 | $713 | 1.0 mi |
B 4463 Bergamo Drive Active | $2,995,000 List Price | 4 | 4 | 3,552 | $843 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property retains much of its original mid-century character. While some areas like the primary bathroom show signs of updates (likely 10-15 years ago), the kitchen features dated white appliances and a specific backsplash style that is no longer current. Other bathrooms and living areas also exhibit older styles (e.g., wood paneling, unique fireplace, patterned wallpaper in powder room). The listing description explicitly states it offers an 'opportunity for thoughtful restoration' or 'modern reinterpretation,' indicating it requires substantial updates to meet contemporary standards, aligning with the 'fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35571, living area = 3395.
Elementary School: Roscomare Road Elementary School (9/10).
Set on a quiet cul-de-sac, this property boasts an expansive 35,000+ sq ft lot with over 250 feet of frontage, offering exceptional privacy and a sense of presence.
Built in 1960, the property's original mid-century character may imply outdated systems (e.g., electrical, plumbing, HVAC) that could require significant investment for modernization and efficiency upgrades.
While offering 'significant upside,' the description suggests the property is an 'opportunity for thoughtful restoration' or 'modern reinterpretation,' indicating it is not move-in ready for a luxury buyer and will demand considerable capital expenditure.
The potential for creating a custom estate of over 10,700 sq ft is explicitly stated as 'buyer to verify,' placing the burden on the buyer to conduct extensive and potentially costly due diligence regarding zoning, permits, and feasibility.
Welcome to the absolute best value and opportunity in Royal Oaks! Set on a quiet cul-de-sac, this single-level mid-century residence rests on an expansive 35,000+ sq ft lot with over 250 feet of frontage, offering exceptional privacy and presence. Spanning nearly 3,400 sq ft, the home features 4 bedrooms, a versatile den, and 3.5 baths, all arranged in a well-balanced floor plan that comfortably supports both everyday living and entertaining. Original mid-century character shines through clean architectural lines, walls of glass, and a seamless indoor-outdoor connection. Mountain and city-light views provide a picturesque backdrop, while the private outdoor setting is ideal for gatherings and relaxation, complete with a Pebble-Tec pool, built-in BBQ, and fire pit. With significant upside, the property offers a rare opportunity for thoughtful restoration, a modern reinterpretation, or the creation of a custom estate of over 10,700 sq ft (buyer to verify). Surrounded by neighboring sales in the $10M$20M range, this is a compelling value and a true legacy opportunity in one of Southern California's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,395 | 3,200 | 53% |
| Lot Size | 35,571 | 14,023 | 95% |
| Price | $3.00M | $2.38M | 72% |
| Price per sq ft | $883 | $721 | 81% |
| Built year | 1960 | 1962 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 168 | 20% |
Jan 24, 2026
$2,999,000
Initial Listing