18048 Valley Vista Boulevard, Encino, California 91316, Encino, 91316 - 3 bed, 1 bath
ACTIVE$1,310,000$1,113/sqft
Est. Value: $984,546
-24%
AboveEstimate
18048 Valley Vista Boulevard, Encino, California 91316
3Beds
1Bath
1,113Sqft
7,096Lot
Price Vs. Estimate
The estimated value ($984,545.795) is $325,454.205 (24%) lower than the list price ($1,310,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7096, living area = 1113.
Top Cons:
Existing Structure Condition: The 1948-built, 1113 sq ft home is likely a tear-down, requiring demolition costs and not contributing to immediate living value.
Compared to the nearby listings
Price:$1.31M vs avg $1.35M ($-45,000)46%
Size:1,113 sqft vs avg 1,834 sqft14%
Price/sqft:$1.2K vs avg $76599%
More Insights
Built in 1948 (78 years old).
Condition: The property was built in 1948 and shows no evidence of major renovations in the past 50 years. The kitchen features outdated tiled countertops and old appliances, the bathroom is similarly dated, and the home lacks central HVAC, relying on window units and a wall heater. The listing description itself explicitly states the existing structure is 'likely a tear-down,' indicating its value is primarily in the land for redevelopment.
Year Built
1948
Close
-
List price
$1.31M
Original List price
$1.31M
Price/Sqft
$1,177
HOA
-
Days on market
-
Sold On
-
MLS number
SB25278538
Home ConditionTear down
Features
Patio
View-
About this home
Developers and Visionaries — Rare Opportunity South of Ventura Blvd! This 7,094 sq. ft. flat, buildable lot offers exceptional potential in one of the most desirable pockets south of the Boulevard. Approved parameters allow for a future 3,193 sq ft home with a detached garage (or a 2,993 sq ft home with a 400 sq. ft. attached garage), plus the ability to add a 1,250 sq ft ADU with no garage requirement. A prime canvas for a luxury residence, multi-generational living, or income-producing design. Buyer to verify all information.
M
Michael Mellein
Listing Agent
Condition Rating
Tear down
The property was built in 1948 and shows no evidence of major renovations in the past 50 years. The kitchen features outdated tiled countertops and old appliances, the bathroom is similarly dated, and the home lacks central HVAC, relying on window units and a wall heater. The listing description itself explicitly states the existing structure is 'likely a tear-down,' indicating its value is primarily in the land for redevelopment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7096, living area = 1113.
Prime Location: Situated in a highly desirable pocket 'South of Ventura Blvd' in Encino, offering prestige and strong market demand.
Significant Development Potential: Approved parameters allow for a substantial new main residence (up to 3,193 sq ft) and a large 1,250 sq ft ADU, maximizing future value.
Flat, Buildable Lot: The 7,094 sq ft flat lot simplifies construction, potentially reducing development complexities and costs compared to sloped parcels.
Versatile Investment Opportunity: Ideal for creating a luxury custom home, accommodating multi-generational living, or generating income through the ADU.
Rare Opportunity: Positioned as a unique canvas for developers and visionaries to build significant equity in a sought-after area.
Cons
Existing Structure Condition: The 1948-built, 1113 sq ft home is likely a tear-down, requiring demolition costs and not contributing to immediate living value.
Substantial Capital Investment Required: Realizing the property's full development potential necessitates significant financial outlay for design, permits, demolition, and new construction.
Buyer Due Diligence Burden: The listing explicitly states 'Buyer to verify all information,' placing the responsibility and cost of confirming development parameters and feasibility on the buyer.