
Encino, California 91316
This Modernized Encino Residence is a strategic hybrid asset listed at $1,049,000. While the price reflects a premium over the $976,846 Fair Market Value, the valuation is anchored by city-approved plans to expand the existing 1949 structure and add a new building. The interior maintains an Excellent Condition Rating, featuring a spa-like bathroom, high-quality finishes, and a private patio within the Los Angeles Unified district. This "shovel-ready" property is perfectly suited for Owner-Occupants seeking a turnkey lifestyle with growth potential or Developers looking for immediate value-add capability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17415 Burbank Drive Subject | $969,000* List Price | 2 | 1 | 783 | $1,184 | - |
A 5934 White Oak Ave Pending | $849,950 List Price | 2 | 1 | 804 | $1,057 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone an extensive modern renovation featuring high-quality finishes, an open-concept floor plan, and a spa-like bathroom. The interior is move-in ready with contemporary aesthetics and no signs of deferred maintenance, effectively functioning as a newly renovated luxury residence.
The property comes with city-approved plans to expand the existing structure and add a new building, offering a rare 'shovel-ready' opportunity for significant value appreciation and growth.
Situated in a highly desirable pocket of Encino, this residence offers convenient access to upscale shopping, renowned dining, parks, and major commuter routes.
Despite its 1949 origins, the home features high-quality finishes, an open floor plan with abundant natural light, and a spa-like bathroom atmosphere that elevates daily living.
With only 783 square feet of existing living area and a 2-bedroom, 1-bathroom configuration, the current footprint is quite small for the $1M+ price point.
The listing price represents a significant premium per square foot, which may be difficult to justify for buyers not looking to immediately utilize the expansion plans.
Set in one of Encino’s most desirable pockets, approved city plans for add new building and expand on existing one. This exceptional residence includes timeless sophistication and modern comfort. From the moment you arrive, the home makes a striking impression with its inviting presence and sense of understated luxury. Inside, expansive living spaces are thoughtfully designed to offer both elegance and functionality, featuring an abundance of natural light that enhances the home’s warm and welcoming ambiance. The open flow between rooms creates an ideal setting for entertaining, while still providing intimate spaces for everyday living. High-quality finishes and refined details are showcased throughout, adding depth and character to each area of the home. The kitchen serves as a central hub designed for both culinary creativity and casual enjoyment. Bedrooms are generously sized, offering peaceful retreats with a sense of privacy and comfort, and the bathroom reflect a spa-like atmosphere that elevates daily routines. Outdoors, the property offers a serene escape from the city, ideal for relaxing or entertaining under the Southern California sky. The space it has to expand and build is unmatched and whether enjoying quiet mornings or hosting evening gatherings, the outdoor space complements the home’s luxurious interior. Conveniently located near upscale shopping, renowned dining, parks, and major commuter routes, this residence delivers the best of Encino living—where refined elegance, comfort, and location come together seamlessly with so much potential for growth and expansion that is already approved by the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 14% |
| Baths | 1.0 | 3.0 | 17% |
| Square foot | 783 | 2,107 | 3% |
| Lot Size | 6,004 | 6,098 | 44% |
| Price | $969.0K | $1.43M | 21% |
| Price per sq ft | $1.2K | $805 | 99% |
| Built year | 1949 | 1955 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 159 | 6% |
Apr 18, 2026
$969,000
$1,049,000
-8% Price Drop
Initial Listing
Feb 28, 2026
$1,049,000
Initial Listing
Sep 23, 2010
$235,000
Public Record