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16645 Calneva Drive, Encino, California 91436, Encino, 91436 - 4 bed, 3 bath

16645 Calneva Drive, Encino, California 91436 home-pic-0
ACTIVE$1,890,000
16645 Calneva Drive, Encino, California 91436
4Beds
3Baths
3,066Sqft
21,541Lot
Year Built
1958
Close
-
List price
$1.89M
Original List price
$1.89M
Price/Sqft
$616
HOA
-
Days on market
-
Sold On
-
MLS number
25547823
Home ConditionTear down
Features
Good View:
Pool
Patio
View

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.89M(31th), sqft - 3066(48th), beds - 4(50th), baths - 3(44th).

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. Check your comps. Set back from the street with a wide frontage provides an opportunity to showcase a gated new home. A survey and some other reports may be available. The prime south of the boulevard location provides convenient access to the Westside. Close proximity to 5 award-winning private schools and the much sought-after Lanai public school. Walk to the houses of worship. Please accompany your buyers when previewing the property.

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 listing explicitly states 'Land Value only' and describes the property as a 'shell of a house' with a pool. The images confirm this, showing a severely dilapidated structure with boarded-up windows, overgrown landscaping, and an empty, neglected pool. The house, built in 1958, is clearly unlivable and its value is solely in the land for redevelopment, fitting the 'Tear-down' criteria.
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).
Development Opportunity: Explicitly marketed as 'Land Value only' for developers, builders, and investors, offering a unique chance to construct a spectacular new home.
Generous Lot Size: An expansive approximately 22,000 sq. ft. lot provides ample space for a custom-built luxury residence and extensive landscaping.
Prime Location: Situated in prestigious Encino 91436, south of the boulevard, offering convenient access to the Westside and a highly desirable neighborhood.
Excellent School Access: Proximity to 5 award-winning private schools and the highly sought-after Lanai public school enhances family appeal and property value.
Wide Frontage & Privacy Potential: Set back from the street with a wide frontage, allowing for the creation of a grand, gated new home with enhanced privacy.

Cons

Condition of Existing Structure: The property includes only a 'shell of a house' and is sold for 'Land Value only,' meaning the existing structure is not habitable and requires demolition.
Substantial Investment Required: Beyond the purchase price, significant capital will be needed for demolition, design, and construction of a new home.
No Immediate Occupancy: The property is not move-in ready and requires a lengthy and complex development process before it can be occupied.

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