16645 Calneva Drive, Encino, California 91436, Encino, 91436 - 4 bed, 3 bath
ACTIVE$2,090,000
16645 Calneva Drive, Encino, California 91436
4Beds
3Baths
3,066Sqft
21,541Lot
Year Built
1958
Close
-
List price
$2.09M
Original List price
$2.19M
Price/Sqft
$682
HOA
-
Days on market
-
Sold On
-
MLS number
24464175
Home ConditionTear down
Features
Good View:
Pool
Patio
View
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,7 Pros. Rank: price - $2.09M(43th), sqft - 3066(48th), beds - 4(50th), baths - 3(44th).
Price correction.Land Value only. Seize a great opportunity for your Developer, Builder, and or Investor. A unique chance to build a spectacular new home on this approximately 22000 sq. ft. lot with a shell of a house and pool in prestigious Encino 91436. Set back from the street with wide frontage provides an opportunity to showcase a gated new home. First time on the market in over 25 years. A survey and some other reports may be available. seller wants to close before the end of 2024. Please accompany your buyers when previewing the property. The prime south of the boulevard location provides convenient access to Westside.
Nearby schools
8/10
Lanai Road Elementary School
Public,•K-5•1.0mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.1mi
9/10
Kester Avenue Elementary School
Public,•K-5•3.1mi
6/10
Newcastle Elementary School
Public,•K-5•4.1mi
5/10
Lemay Street Elementary School
Public,•K-5•4.2mi
6/10
Lemay Street Elementary School
Public,•K-5•4.2mi
5/10
Brentwood Science School
Public,•K-5•5.9mi
2/10
Van Nuys Middle School
Public,•6-8•3.4mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.5mi
5/10
William Mulholland Middle School
Public,•6-8•3.9mi
3/10
William Mulholland Middle School
Public,•6-8•4.1mi
4/10
Reseda Senior High School
Public,•9-12•4.3mi
6/10
Van Nuys Senior High School
Public,•9-12•4.4mi
6/10
University Senior High School
Public,•9-12•6.4mi
6/10
University Senior High School Charter
Public,•9-12•6.4mi
Condition Rating
Tear down
The MLS description explicitly states 'Land Value only' and refers to the property as a 'shell of a house.' The images confirm a severely dilapidated, gutted structure with broken windows, exposed framing, and a non-functional pool, rendering it unlivable. Built in 1958, the property is over 50 years old with no evidence of major renovations, aligning perfectly with the criteria for a tear-down where the value is solely in the land for redevelopment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21541, living area = 3066.
Great Schools: Elementary School: Roscomare Road Elementary School (9/10).
Significant Lot Size: The expansive 21,541 sq. ft. lot provides ample space for a substantial new construction, offering considerable development potential.
Prime Location: Situated in prestigious Encino 91436, south of the boulevard, offering a highly desirable address with convenient access to the Westside.
Development Opportunity: Explicitly marketed as 'Land Value only' and a 'unique chance to build a spectacular new home,' making it ideal for developers, builders, and investors.
Privacy and Showcase Potential: Set back from the street with wide frontage, allowing for the creation of a private, gated new home with impressive curb appeal.
Desirable School District: Located within the highly-rated Lanai Road Elementary School district (rating 8), a significant draw for families.
Cons
Existing Structure Condition: The property features only a 'shell of a house,' indicating the current structure is uninhabitable and will likely require complete demolition, adding substantial cost and time to development.
Land Value Only Pricing: The property is priced solely for its land, meaning the buyer receives no functional value from the existing structure, which may limit appeal to non-developer buyers.
Potential for Additional Costs and Delays: Beyond demolition, the existing pool and overall site may require extensive work, surveys, and permits, leading to unforeseen expenses and potential project delays for new construction.