
Encino, California 91316
This Spacious Corner-Unit Townhome represents a Strong Value Opportunity, listed at $699,000—positioned well below the $654,659 Fair Market Value by -6%. Featuring a Condition Rating of 4, the property offers significant infrastructure upgrades, including a new electrical panel and roof, while providing a blank canvas for cosmetic modernization. Its prime Encino location near Ventura Blvd and community amenities ensure long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through interior personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17943 Magnolia Boulevard 16 Subject | $699,000* List Price | 3 | 3 | 1,601 | $409 | - |
A 5330 Lindley Avenue 305 Sold | $580,000 | 2 | 2 | 1,669 | $348 | 0.2 mi |
B 5216 Yarmouth Avenue 305 Sold | $730,000 | 2 | 2 | 1,938 | $377 | 0.2 mi |
C 5310 Zelzah Avenue 204 Sold | $600,000 | 2 | 2 | 1,517 | $396 | 0.2 mi |
D 5236 Yarmouth Avenue 313 Sold | $685,000 | 2 | 2 | 1,938 | $353 | 0.2 mi |
E 5440 Lindley Avenue 206 Sold | $620,000 | 2 | 2 | 1,582 | $392 | 0.3 mi |
F 5240 Zelzah Avenue 106 Sold | $840,000 | 3 | 3 | 2,233 | $376 | 0.1 mi |
G 5310 Zelzah Active | $589,000 List Price | 2 | 2 | 1,586 | $371 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features excellent recent system upgrades including a brand-new electrical panel, 2-year-old roof, tankless water heater, and new windows. However, the kitchen and bathrooms are significantly dated, featuring older cabinetry, tile countertops, and aged appliances that likely exceed 20-30 years. While new carpet and paint make it functional and move-in ready, the core interior requires modernization to meet current standards.
The property features significant recent capital improvements, including a brand-new electrical panel, a two-year-old roof, a tankless water heater, and new double-paned windows, reducing immediate maintenance costs for the buyer.
This 1,601 sq. ft. corner unit offers enhanced privacy and natural light, complemented by soaring ceilings and a rare oversized 2.5-car attached garage with direct interior access.
Ideally situated in a desirable Encino neighborhood near Ventura Boulevard's premier shopping and dining, the property offers a high walkability factor and a competitive HOA fee for the area.
Despite new carpeting and windows, the 1975 construction and lack of mentioned kitchen or bathroom remodels suggest that these core areas may require further investment to meet modern luxury standards.
A recent price reduction after 31 days on the market indicates that the property may have faced initial challenges with its value proposition relative to its current condition or local competition.
Welcome to 17943 Magnolia Blvd. #16. Tucked away in a desirable Encino location, this spacious corner-unit townhome offers 3 bedrooms, 2.5 bathrooms, and 1,601 sq. ft. of thoughtfully designed living space. Soaring ceilings, a fireplace, brand-new carpeting, and new double-paned windows and sliding doors create a bright and inviting interior. The main living area features a generous living room that flows into a dedicated dining space just off the kitchen, while a separate laundry room adds everyday convenience. The home also includes an oversized 2.5-car attached garage with direct access to the home and ample storage. Recent upgrades include a brand-new electrical panel, a 2-year-old roof, and a tankless water heater. The newly installed carpet comes with a transferable 2-year warranty, including annual professional carpet cleaning. The private gated patio has a mature shade tree—an ideal setting for morning coffee. Residents enjoy access to a community pool and shared BBQ areas, all with a low HOA of just $604 per month. Ideally located near the shopping, dining, and entertainment of Ventura Blvd.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.9 |
| Baths | 3.0 | 1.9 |
| Square foot | 1,601 | 1,177.536 |
| Lot Size | 43,428 | 200,334.571 |
| Price | $699.0K | $481.6K |
| Price per sq ft | $437 | $387 |
| Built year | 1975 | 1972 |
| HOA | $620.0 | $730 |
| Days on market | 58 | 82 |
Jul 22, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Jul 13, 2026
$725,000
Initial Listing