
Los Angeles, California 91316
This 1950s bungalow represents a High-Potential Investment Opportunity, listed at a List Price of $899,000—positioned well below the $939,176 Fair Market Value by 4%. This valuation gap provides $40,176 in Instant Equity. With a Condition Rating of 4, the home retains original character but requires modernization to maximize value. Featuring an expansive covered deck and a broad, flat lawn, the property offers significant upside for Buy-and-Hold Investors or Owner-Occupants 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 |
|---|---|---|---|---|---|---|
★ 17646 Delano Street Subject | $850,000* List Price | 3 | 2 | 1,197 | $751 | - |
A 5932 Balcom Sold | $1,000,000 | 3 | 2 | 1,469 | $681 | 0.3 mi |
B 5924 Lindley Avenue Sold | $825,000 | 2 | 1 | 1,178 | $700 | 0.6 mi |
C 18049 Burbank Boulevard Sold | $825,000 | 3 | 2 | 1,269 | $650 | 0.8 mi |
D 17526 Miranda Street Sold | $855,000 | 2 | 1 | 1,053 | $812 | 0.6 mi |
E 17435 Burma Sold | $961,000 | 3 | 2 | 1,163 | $826 | 0.5 mi |
F 17900 Martha Street Sold | $940,000 | 2 | 1 | 1,062 | $885 | 0.7 mi |
G 5945 Yarmouth Avenue Active | $1,045,000 List Price | 3 | 2 | 1,494 | $699 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property is over 70 years old and retains its original kitchen cabinetry and architectural character. While the listing describes it as well-maintained and functional (move-in ready for tenants), the 'original charm' indicates that the kitchen, baths, and likely the major systems are significantly dated and will require modern updates and minor repairs to meet current market standards.
Situated on a peaceful street near Lake Balboa Park and White Oak Avenue, the property offers a quiet residential feel with convenient access to premium shopping, dining, and recreation.
The home features a rare broad, flat lawn and an expansive covered deck, providing a private and versatile space for outdoor entertaining that is increasingly difficult to find in this area.
This 1950s bungalow maintains its original charm with enduring features like hardwood floors, a classic brick fireplace, and a functional single-level layout that maximizes natural light.
The description of 'original charm' in the kitchen and throughout the home suggests that buyers may need to budget for significant cosmetic or functional upgrades to meet contemporary standards.
At 1,197 square feet for a three-bedroom configuration, the individual room sizes and overall living space may feel restrictive for families or buyers accustomed to more modern, spacious proportions.
An exciting chance to own a single-family home in Encino with a generous backyard, original character, and room to make it your own! Built in 1950, the home features a covered front porch that welcomes you into the bright, open living room. The adjoining dining area is surrounded by windows and opens directly to the backyard through sliding glass doors, making indoor-outdoor living and entertaining effortless. The kitchen retains its vintage charm with wood cabinetry, ample storage, and a practical layout. Three bedrooms and a full bathroom are located off the main hallway, while a second bathroom is conveniently positioned near the laundry room. Original hardwood floors continue throughout much of the home, adding warmth and character. Open the sliding glass door to the expansive covered deck, which creates the perfect setting for outdoor dining, weekend barbecues, or relaxing. Beyond it, a broad, flat lawn surrounded by mature trees and established landscaping offers privacy, possibility, and plenty of room to make the space your own. Just moments from White Oak Avenue and around the corner from Lake Balboa Park, this home offers easy access to recreation, shopping, dining, and everything that makes Encino so desirable. For buyers looking for a well-located home with a large yard, classic character, and room to add their own style, this is a great value not to be missed. Do not disturb tenants. The current tenants are scheduled to vacate by mid-September, and the property will be delivered vacant at the close of escrow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,197 | 1,664.159 |
| Lot Size | 5,903 | 6,066.556 |
| Price | $850.0K | $1.35M |
| Price per sq ft | $710 | $806 |
| Built year | 1950 | 1939 |
| HOA | $0 | $278 |
| Days on market | 35 | 55 |
Sep 2, 2026
$850,000
$899,000
-5% Price Drop
Initial Listing
Aug 5, 2026
$899,000
Initial Listing
Nov 8, 1995
$141,000
Public Record