
Encino, California 91436
This property presents a High-Potential Investment Opportunity with a List Price of $4,499,000—positioned well below the $4,676,771 Fair Market Value by 3%. This valuation gap offers $177,771 in Instant Equity for developers. With a Condition Rating of 6, the 1951 structure serves as a prime teardown or renovation project on a massive 42,806 sqft lot. Featuring a lighted tennis court and panoramic valley views, this is a high-reward acquisition ideal for Speculative Developers or Luxury Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16145 High Valley Place Subject | $4,499,000* List Price | 5 | 5 | 4,616 | $1,013 | - |
A 15839 Valley Vista Boulevard Sold | $4,500,000 | 4 | 5 | 4,676 | $962 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1951 (>70 years old) with no mention of renovations, the listing explicitly markets this as a 'development opportunity' for builders, focusing on land value and the potential for a new $15M estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42806, living area = 4616.
Elementary School: Roscomare Road Elementary School (9/10).
Situated on a massive 42,806 sqft lot in the prestigious Royal Oaks neighborhood, this property offers a rare opportunity to build a high-end estate with a projected exit value exceeding $14M.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
The 1951 structure is positioned primarily as a teardown or total renovation project, requiring substantial additional capital and vision to realize its full market potential.
While the elementary school is top-rated, the nearby public middle schools have lower ratings, which may be a consideration for families not utilizing the area's elite private schools.
The best development opportunity in the Valley. This is your builder's chance to step up to the big Leagues with an entirely "next level" estate that changes their career. Big land, big house, big profits. The location does not get any better. The trail has already been blazed by 14 double-digit sales in the past few years - this isn't an exit of the highest number, a $14M exit is on the lower range of projections. Plenty of upside, plenty of protection on the downside. Quiet cul-de-sac just off exclusive Woodvale Road, in Encino's coveted Royal Oaks neighborhood. Close to Van Nuys private airport, close to the Westside, and close to all of the best Valley private schools, as well as Lanai, the best public elementary. The existing lighted Tennis Court and the perimeter oak trees are massively additive to your bottom line. This pencils out all day long. Rich rewards go to those with vision.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 57% |
| Baths | 5.0 | 4.0 | 60% |
| Square foot | 4,616 | 3,114.5 | 71% |
| Lot Size | 42,806 | 14,247 | 96% |
| Price | $4.50M | $2.40M | 90% |
| Price per sq ft | $975 | $778 | 94% |
| Built year | 1951 | 1962 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 137 | 1% |
May 12, 2026
$4,499,000
Initial Listing
May 10, 2001
$1,450,000
Public Record