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17449 Bullock Street, Encino, California 91316, Encino, 91316 - 5 bed, 4 bath

17449 Bullock Street, Encino, California 91316 home-pic-0
ACTIVE$1,879,500
17449 Bullock Street, Encino, California 91316
5Beds
4Baths
2,100Sqft
5,501Lot

Price Vs. Estimate

The estimated value ($1,128,245.04) is $751,254.96 (39%) lower than the list price ($1,879,500). This property may be overpriced.

Key pros and cons

Top Pros:
Unique Dual-Home Configuration: The property features two completely independent homes on one lot, offering unparalleled privacy and versatility for various living arrangements.
Top Cons:
Significant Overpricing: The listing price of $1,879,500 is substantially higher than the estimated property value of $1,128,245, indicating a potential overvaluation of approximately 39%.

Compared to the nearby listings

Price:$1.88M vs avg $1.47M (+$414,500)64%
Size:2,100 sqft vs avg 2,192 sqft47%
Price/sqft:$895 vs avg $74582%

More Insights

Built in 1949 (76 years old).
Condition: Despite being built in 1949, the listing explicitly states the main home is 'beautifully updated' and the second home features a 'modern, airy feel' with 'high ceilings and an open-concept layout.' This indicates extensive and recent renovations, bringing both units to current quality standards with modern aesthetics in kitchens, bathrooms, and overall design, aligning with the 'Excellent' criteria for properties extensively renovated within the last 5 years.
Year Built
1949
Close
-
List price
$1.88M
Original List price
$1.88M
Price/Sqft
$895
HOA
-
Days on market
-
Sold On
-
MLS number
SR25070193
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to 17449/17451 Bullock St in Prime Encino! This unique property offers two completely independent homes on one lot, providing unparalleled privacy and versatility. The main home is a beautifully updated 3-bedroom, 2-bathroom residence with a charming front yard, perfect for relaxation and outdoor activities. The second home features 2 bedrooms, 3 bathrooms, and approximately 1200 sq ft of living space with high ceilings and an open-concept layout that creates a modern, airy feel. With its own private entrance and garage, this home is perfect for guests, a home office, or generating rental income. The total living space across both homes is approximately 2300 sq ft, offering the ideal mix of comfort, privacy, and flexibility. Each home has a separate address and entrance, making it an ideal setup for multi-generational living, home offices, or rental opportunities.

Condition Rating
Excellent
Despite being built in 1949, the listing explicitly states the main home is 'beautifully updated' and the second home features a 'modern, airy feel' with 'high ceilings and an open-concept layout.' This indicates extensive and recent renovations, bringing both units to current quality standards with modern aesthetics in kitchens, bathrooms, and overall design, aligning with the 'Excellent' criteria for properties extensively renovated within the last 5 years.
Pros & Cons

Pros

Unique Dual-Home Configuration: The property features two completely independent homes on one lot, offering unparalleled privacy and versatility for various living arrangements.
Income & Multi-Generational Potential: With separate addresses and entrances, the property is ideal for generating rental income, accommodating multi-generational living, or providing dedicated home office/guest spaces.
Prime Encino Location: Situated in 'Prime Encino,' the property benefits from a highly desirable neighborhood, enhancing its appeal and potential for appreciation.
Updated Main Residence: The main 3-bedroom, 2-bathroom home is described as 'beautifully updated,' suggesting modern comforts and a move-in ready condition.
Modern Second Unit Design: The second home boasts high ceilings and an open-concept layout, creating a modern and airy living environment.

Cons

Significant Overpricing: The listing price of $1,879,500 is substantially higher than the estimated property value of $1,128,245, indicating a potential overvaluation of approximately 39%.
Age of Original Construction: Built in 1949, the property's age, despite updates, may raise concerns about the condition of underlying infrastructure or require more extensive maintenance compared to newer constructions.
Limited Individual Outdoor Space: While the lot size is 5501 sq ft, dividing it into two independent homes may result in smaller, less expansive private outdoor areas for each unit.

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