
Encino, California 91436
This property presents a High-Potential Investment Opportunity with a List Price of $1,750,000—positioned well below the $1,772,724 Fair Market Value by 1%. This valuation gap offers $22,724 in Instant Equity. Featuring a Fair Condition Rating, the asset includes two separate residences on a 10,074 SF lot, offering significant rental yield potential. With a spa, covered patio, and proximity to Lanai Road Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a prime Encino location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16670 Moorpark Subject | $1,487,500* List Price | 7 | 7 | 3,301 | $537 | - |
A 16214 Morrison Street Active | $2,249,000 List Price | 5 | 5 | 3,743 | $601 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of a 1949 main house and a 2002 rear house. While the description notes a remodeled kitchen and the photos show functional bathrooms, the finishes appear dated (20+ years old), featuring popcorn ceilings and older cabinetry. The 'Cash Only' requirement and 'project' label suggest deferred maintenance or system issues that likely prevent traditional financing, placing it in the Fair category needing updates.
Elementary School: Roscomare Road Elementary School (9/10).
The property features two separate homes on a large lot, including a 2002-built back house with four en-suite bedrooms, offering exceptional opportunities for high rental yield or multi-generational living.
Situated in a highly desirable Encino neighborhood, the property offers excellent proximity to the 101 Freeway, premium shopping, and dining, while being zoned for well-regarded schools like Lanai Road Elementary.
The listing strictly requires cash-only offers with no loan contingencies, significantly limiting the buyer pool to those with immediate liquidity and excluding traditional financed buyers.
As a probate sale subject to court confirmation, the transaction involves a more complex legal process and potentially longer timelines compared to a standard residential equity sale.
Priced to Sell!! Attention Contractors, Investors and DIY enthusiasts! Opportunity awaits to transform this property and create upside potential! Rarely on the market are TWO homes and a large lot in a prime Encino locations, only one block north of Ventura Blvd. The front house built in 1949 (1797 SF) has an open floorplan featuring 3 bedrooms, a large living room with fireplace, remodeled kitchen and center island with seating and a wet bar with a wine refrigerator. The loft offers additional living space that could be used for an office or bedroom. Step outside to a spacious entertainer's backyard with a covered patio, spa and built-in bar-b-q. The detached 2 car garage and a front driveway that can easily accommodate 2 or more cars. The back house built in 2002 (1504 SF) and has 4 bedrooms and 4 full baths, a center family/living room and eating bar off the kitchen. Gated access from the alley for parking to accommodate 2 or more additional cars. This highly desirable location has a walk score of 82, premier schools, parks, recreation, and easy access to the 101 Freeway, shopping, dining and other amenities. Accepted Offer subject to court confirmation. Buyers to conduct their own due diligence.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 2.3 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.4 |
| Baths | 7.0 | 4.4 |
| Square foot | 3,301 | 3,314.903 |
| Lot Size | 10,074 | 14,363.639 |
| Price | $1.49M | $2.57M |
| Price per sq ft | $451 | $792 |
| Built year | 1949 | 1966 |
| HOA | $0 | $443 |
| Days on market | 69 | 54 |
Aug 30, 2026
$1,487,500
$1,500,000
-1% Price Drop
Initial Listing
Jul 28, 2026
$1,500,000
$1,750,000
-14% Price Drop
Initial Listing
Jul 2, 2026
$1,750,000
Initial Listing
Jul 1, 1999
$300,000
Public Record
Aug 29, 1997
$315,000
Public Record