17446 Tiara Street, Encino, California 91316, Encino, 91316 - 5 bed, 4 bath
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Encino, California 91316
This property presents a High-Potential Investment Opportunity with a List Price of $1,195,000—positioned well below the $1,246,620 Fair Market Value by 4%. This valuation gap offers $51,620 in Instant Equity for buyers ready to execute the Approved Expansion Plans. With a Condition Rating of 5, the home requires a full renovation to reach its 5-bedroom, 4-bathroom potential. This is a strategic Value-Add Asset ideal for Fix-and-Flip Investors or Owner-Occupants seeking to customize a prime Encino residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17446 Tiara Street Subject | $1,195,000* List Price | 5 | 4 | 2,252 | $554 | - |
A 5731 Wish Avenue Sold | $1,073,000 | 3 | 2 | 1,598 | $671 | 0.5 mi |
B 5776 Hesperia Avenue Active | $1,195,000 List Price | 5 | 4 | 2,347 | $509 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a 1949 build currently in the beginning stages of a full renovation and expansion. The interior is completely gutted to the studs with no functional kitchen, bathrooms, or finished systems, requiring a total rehab to reach a livable state.
The property comes with city-approved plans to transform the existing structure into a 5-bedroom, 4-bathroom modern residence, saving the buyer significant time and costs associated with the permitting process.
Being in the early stages of a full renovation, this home offers a rare opportunity for buyers to select their own finishes, including flooring, cabinetry, and fixtures, to create a truly personalized living space.
Situated in a highly sought-after San Fernando Valley neighborhood, the property is ideally located near top-rated schools, high-end dining, and shopping, ensuring strong long-term investment value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2252, other record living area = 965. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The property is currently an active construction site and is not move-in ready, which may be a deterrent for buyers needing immediate occupancy or those unwilling to manage a renovation project.
With a proposed expansion to over 2,300 square feet on a 5,602 square foot lot, the remaining outdoor yard space will be relatively modest compared to other luxury family homes in the area.
A rare opportunity in the heart of Encino to create your dream home! The existing home features 2 bedrooms, 1 bathrooms, and 965 square feet, with approved plans already in place to transform the property into a stunning 5-bedroom, 4-bathroom residence totaling approximately 2,347 square feet. Currently in the beginning stages of a full renovation, this property offers buyers a unique chance to personalize select finishes and design elements before construction is complete. Designed with modern living in mind, the expanded floor plan will feature an open-concept layout with seamless flow between the living, dining, and kitchen areas, creating an ideal space for both everyday living and entertaining. As construction progresses, buyers may have the opportunity to influence key design elements, including flooring, cabinetry, countertops, paint selections, fixtures, and other finishes, allowing them to bring their personal vision to life. Situated on a desirable Encino street, this property presents a rare chance to secure a home with approved expansion plans while customizing the final details to suit your lifestyle. Enjoy the benefits of a substantially renovated home in one of the San Fernando Valley's most sought-after neighborhoods, conveniently located near shopping, dining, parks, and top-rated schools. Don't miss this exceptional opportunity to be part of the transformation from the ground up and create a custom home tailored to your tastes in a prime Encino location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 4.0 | 5.0 |
| Square foot | 2,252 | 3,822 |
| Lot Size | 5,602 | 15,887 |
| Price | $1.20M | $2.45M |
| Price per sq ft | $531 | $778 |
| Built year | 1949 | 1976 |
| HOA | $0 | $504 |
| Days on market | 16 | 56 |
Jul 6, 2026
$1,195,000
Initial Listing
Sep 26, 2024
$915,000
Public Record
Jan 13, 2012
$300,000
Public Record
Apr 24, 2007
$510,000
Public Record