16055 Woodvale Road, Encino, California 91436, Encino, 91436 - 4 bed, 4 bath
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Encino, California 91436
This Prime Development Estate Opportunity is listed at $2,995,000, positioned accurately relative to its $2,943,024 Fair Market Value. Currently holding a Condition Rating of 6, the property’s value is concentrated in the expansive 20,593 sqft lot which supports the development of a new 8,000 sqft custom estate. Located on Encino’s most prestigious street near $20 million properties, the site features mature trees, distant skyline views, and access to top-rated Lanai Road Elementary. This is a rare, high-ceiling acquisition for Developers or Owner-Users aiming to build a legacy home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16055 Woodvale Road Subject | $2,995,000* List Price | 4 | 4 | 2,889 | $1,019 | - |
A 16700 Bosque Drive Active | $2,149,000 List Price | 3 | 3 | 2,144 | $1,002 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1950, the property's description explicitly states it's an 'opportunity to create your own estate' by either remodeling or building a 'completely brand new house' of approximately 8,000 sq. ft. The images show a dated exterior with overgrown landscaping and no visible modern updates. The property analysis highlights a 'Dated Original Structure' and 'Limited Immediate Luxury Livability,' indicating the value is primarily in the land and its redevelopment potential, aligning with the 'tear-down' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20593, living area = 2889.
Elementary School: Roscomare Road Elementary School (9/10).
Situated on Woodvale Road, recognized as Encino's most desirable street and best neighborhood, offering an exclusive and highly sought-after address.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1950, the existing 2,889 sqft home likely requires extensive remodeling or complete demolition to meet modern luxury standards and maximize the lot's potential.
The property is presented as an opportunity for redevelopment or major renovation, implying significant additional financial outlay beyond the purchase price to realize its full value.
Special opportunity on Encino's most desirable street. WOODVALE ROAD best neighborhood in ENCINO. Surrounded by multiple properties that have sold for $17- $20 million, this is your opportunity to create your own estate. Enjoy the close proximity to Ventura Boulevard's retail and dining scene. remodel this gorgeous home or build completely brand new house approx 8,000 sq. ft. surrounded by mature trees which add allure and value. The prestige of adjoining the most expensive homes compels developers and owner-users alike to consider this tremendous opportunity. Easy access to exclusive private schools and one of the city's best public school districts (Lanai), Van Nuys private airport, Rams net training facility, convenient to El Caballero, Braemar and Mountaingate Country Clubs, don't miss this incredible opportunity !
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.2 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 | 2,889 | 3,193 | 41% |
| Lot Size | 20,593 | 14,023 | 81% |
| Price | $3.00M | $2.38M | 71% |
| Price per sq ft | $1.0K | $721 | 97% |
| Built year | 1950 | 1962 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 168 | 20% |
Mar 13, 2026
$2,995,000
$3,095,000
-3% Price Drop
Initial Listing
Jan 27, 2026
$3,095,000
Initial Listing
Jul 11, 2024
$2,700,000
Public Record