
Encino, California 91316
This mid-century modern residence presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well below the $1,987,615 Fair Market Value by 14%. This valuation gap offers $288,615 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires cosmetic updates to reach its full potential. The expansive 15,606 sqft lot provides significant upside for luxury outdoor amenities. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to add value in a prime Encino neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18202 Lake Encino Drive Subject | $1,699,000* List Price | 4 | 4 | 3,132 | $635 | - |
A 4070 Falling Leaf Drive Sold | $2,000,000 | 5 | 5 | 3,531 | $566 | 0.3 mi |
B 18202 Lake Encino Drive Active Under Contract | $1,799,000 List Price | 4 | 4 | 3,132 | $574 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this mid-century home is well-maintained and livable but dated. The listing explicitly states it is 'ready for cosmetic updates' to reach its full potential, placing it in the Fair category as it likely has systems and finishes older than 20 years despite the clean appearance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15606, living area = 3132.
Situated south of the Boulevard in a prestigious Encino neighborhood, the property is surrounded by multimillion-dollar estates, ensuring strong long-term value and appreciation potential.
The 15,606 sqft lot provides a rare canvas for luxury outdoor amenities like a pool or pickleball court, offering significant upside for a buyer looking to customize their retreat.
The home is currently in a state that requires cosmetic updates to reach its full potential, necessitating an additional budget for renovations immediately after purchase.
Built in 1964, the property may require modernizing older infrastructure or systems to meet current standards, which can be a hidden cost for buyers.
Introducing this special mid-century modern home located south of the Boulevard in prime Encino. This single-level residence sits on an expansive lot offering incredible potential, with ample room for a pool, pickleball court, or custom outdoor retreat. The home features a classic mid-century floor plan with four bedrooms and four bathrooms, delivering timeless design and functional living. With wonderful curb appeal and surrounded by multimillion-dollar estates, the property is ready for cosmetic updates to bring it to its full potential. An ideal opportunity for a stylish family or a savvy buyer looking to add value in one of Encino's most desirable neighborhoods
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.4 |
| Baths | 4.0 | 4.4 |
| Square foot | 3,132 | 3,314.903 |
| Lot Size | 15,606 | 14,363.639 |
| Price | $1.70M | $2.57M |
| Price per sq ft | $542 | $792 |
| Built year | 1964 | 1966 |
| HOA | $0 | $443 |
| Days on market | 16 | 54 |
Aug 24, 2026
$1,699,000
Initial Listing
Sep 9, 1999
$341,000
Public Record
Nov 9, 1993
$200,000
Public Record