
Encino, California 91316
This property presents a High-Potential Investment Opportunity with a List Price of $2,249,729—positioned well below the $2,126,609 Fair Market Value by -5%. While the home currently holds a Condition Rating of 5, the expansive 17,677 sqft lot and 4,087 sqft floor plan provide a blank canvas for significant value-add renovations. Featuring a pool and spa, this asset offers substantial upside for Value-Add Investors or Owner-Occupants looking to modernize a classic Lake Encino residence through strategic capital improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18268 Lake Encino Drive Subject | $2,249,729* List Price | 5 | 5 | 4,087 | $520 | - |
A 17952 Karen Drive Sold | $1,875,000 | 5 | 5 | 2,802 | $669 | 0.7 mi |
B 4167 Alonzo Avenue Pending | $2,595,000 List Price | 6 | 6 | 4,474 | $580 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 and largely in original condition, the home exceeds the 30-year threshold for modern updates. The kitchen and five bathrooms feature dated tile countertops, cabinetry, and fixtures from the era of construction. With original floral wallpaper, pink carpeting, and aging systems, the property requires a comprehensive rehab to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17677, living area = 4087.
The property sits on a nearly 18,000 sqft lot featuring a pool, spa, and mature landscaping, offering a private and spacious outdoor retreat in a prime location.
With over 4,000 sqft of living area, five bedrooms, and five bathrooms, the home provides a versatile floor plan ideal for large families or multi-generational living.
The property is described as needing 'your own magic,' suggesting that the 1976 interior finishes may require a significant investment in updates to meet modern luxury standards.
Despite its location in a desirable hillside community, the property data indicates a lack of panoramic canyon or city views often expected by buyers at this price point.
Timeless Colonial Lake Encino home on an impressive, almost 18K sqft lot that features an array of characteristics unique in its own way. This 5-bedroom, 5-bath home includes a pool and a spa and sits on an expansive 4,087 sqft. The home features a living room, dining room, family room with a fireplace, wooden beams, and a wet bar. The sunny kitchen has an island and a breakfast area overlooking an entertainer’s dream backyard. There’s also a separate laundry room and direct access to the three-car garage. One bedroom, a full bath, and a guest powder room complete the downstairs. Upstairs, you’ll find four more bedrooms and three bathrooms. A huge primary suite with a walk-in closet, two sliding door closets, a double sink bathroom, and a bonus area that can be used as a sitting area or an office, two bedrooms that share a double sink Jack and Jill bathroom, and one more bedroom with a separate bathroom. There are also plenty of linen closets and cabinets. The house is bright, light, and very airy. Out back, enjoy the sparkling swimming pool and spa, plus a covered patio and barbecue area. Mature landscaping with towering trees and a grassy lawn in the front and back. A great home with an incredible value for the square footage, waiting just for you to add your own magic. Welcome to one of the best Lake Encino homes on Lake Encino Dr.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 62% |
| Baths | 5.0 | 4.0 | 58% |
| Square foot | 4,087 | 2,825 | 69% |
| Lot Size | 17,677 | 7,092 | 73% |
| Price | $2.25M | $1.94M | 57% |
| Price per sq ft | $550 | $746 | 3% |
| Built year | 1976 | 1956 | 66% |
| HOA | $406.4 | $0 | 99% |
| Days on market | 18 | 154 | 3% |
May 29, 2026
$2,249,729
Initial Listing
Oct 25, 1988
$825,000
Public Record