
Los Angeles, California 91436
This Turnkey Multi-Unit Residence is a Strong Value Opportunity, listed at $1,859,000—positioned well below the $1,986,568 Fair Market Value by 6%. This valuation gap offers $127,568 in Instant Equity. Featuring a Condition Rating of 2, the home includes a gourmet chef's kitchen, resurfaced pool and spa, and two detached ADUs for income potential. Located near top-rated schools like Lanai Road Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready Encino estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16762 Otsego Street Subject | $1,859,000* List Price | 5 | 4 | 3,202 | $620 | - |
A 16214 Morrison Street Pending | $2,249,000 List Price | 5 | 5 | 3,743 | $601 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a high-end, contemporary renovation with a gourmet chef's kitchen and luxury remodeled bathrooms that appear to be less than 5 years old. The interior shows mint-condition hardwood flooring, modern recessed lighting, and updated ADUs, making it a fully move-in-ready home with no visible maintenance needs.
Elementary School: Roscomare Road Elementary School (9/10).
The property features two detached studio ADUs, providing exceptional versatility for rental income, guest accommodations, or multi-generational living in a high-demand Encino pocket.
The main residence boasts a gourmet chef's kitchen and a luxurious primary suite with a spa-like bathroom and spacious walk-in closet, offering a sophisticated, move-in-ready experience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
One of the two detached ADUs is non-permitted, which may present challenges regarding legal occupancy, future appraisals, and potential building code compliance issues.
While the local elementary schools are highly rated, the assigned middle and high schools have significantly lower ratings, which could impact long-term appeal for families with older children.
The main home (4 bed 3 bath) offers a bright, open floor plan with a traditional layout and beautiful hardwood flooring throughout. The gourmet chef's kitchen is appointed with stainless steel appliances, a wine cooler, custom cabinetry, stylish backsplash, and a peninsula island perfect for both everyday living and entertaining. The thoughtfully remodeled bathrooms include an impressive primary suite featuring a spacious walk-in closet, dual vanities, soaking tub, and oversized custom shower. The private backyard is designed for entertaining and relaxation, with a resurfaced pool and spa, grassy area, and multiple gathering spaces. Two detached studios (1 permitted / 1 non-permitted living space) each offer private entrances, kitchenettes, and remodeled full bathrooms, providing excellent potential for 30 day or more rental income, guest accommodations, or extended family living. The property also offers a generous driveway with parking for 4+ vehicles. Located in a sought-after Encino neighborhood known for its walkability and convenient access to premier shopping, dining, and everyday amenities, this versatile and move-in-ready property presents a rare opportunity to own a truly special home in one of Encino's most coveted locations.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 2.2 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,202 | 1,664.159 |
| Lot Size | 8,252 | 6,066.556 |
| Price | $1.86M | $1.35M |
| Price per sq ft | $581 | $806 |
| Built year | 1949 | 1939 |
| HOA | $0 | $278 |
| Days on market | 14 | 55 |
Aug 26, 2026
$1,859,000
Initial Listing
May 23, 2019
$1,350,000
Public Record
Mar 14, 2018
$1,077,000
Public Record