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4700 Balboa Avenue, Encino, California 91316, Encino, 91316 - 5 bed, 8 bath

4700 Balboa Avenue, Encino, California 91316 home-pic-0
ACTIVE$6,450,000
4700 Balboa Avenue, Encino, California 91316
5Beds
8Baths
9,211Sqft
55,445Lot

Price Vs. Estimate

The estimated value ($6,305,141.87) is $144,858.13 (2%) lower than the list price ($6,450,000). 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 = 55445, living area = 9211.
Top Cons:
High Ongoing Costs: The sheer size (9,211 sq ft home on 1.27 acres) and extensive luxury features will result in substantial ongoing maintenance, utility, and property tax expenses.

Compared to the nearby listings

Price:$6.45M vs avg $1.47M (+$4,985,000)96%
Size:9,211 sqft vs avg 2,250 sqft98%
Price/sqft:$700 vs avg $74337%

More Insights

Built in 2008 (17 years old).
Condition: Built in 2008, this 'Italian Villa' estate, though 16 years old, is described with 'exquisite design' and 'luxury' throughout, indicating meticulous maintenance and high-end finishes that meet current quality standards. The primary bathroom, with its 'imported Calacatta gold marble,' 'steam shower,' and 'sunken jacuzzi bath,' exemplifies top-tier, virtually new condition. The detached professional office also includes its own modern kitchen and bathroom. The overall impression is of a property with no deferred maintenance and minimal physical depreciation, aligning with the 'Excellent' criteria for quality and features.
Year Built
2008
Close
-
List price
$6.45M
Original List price
$6.7M
Price/Sqft
$700
HOA
-
Days on market
-
Sold On
-
MLS number
SR24218496
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Mountain(s), Trees/Woods
Deck
Patio
ViewCity Lights,Hills,Mountain(s),Trees/Woods

About this home

Italian Villa Meets Dream Work-from-Home Estate – A Hidden Encino Treasure Tucked behind double gates on a private cul-de-sac just south of Ventura Blvd, this celebrity-owned Italian Villa offers the perfect blend of old-world elegance and modern work-life functionality. Nestled on 1.27 acres in a coveted Encino enclave, the home spans over 9,000 square feet of exquisite design, and it’s entirely hidden from view—a true escape in the heart of the city. For the remote professional, creative entrepreneur, or anyone craving a next-level home office, this estate delivers something truly rare: a 1,549 sq ft detached professional office space with its own entrance, kitchen, bathroom, and multiple private offices. It’s ideal for a recording studio, podcast production, private practice, or dream workspace. Enjoy the tax benefits of a dedicated business space, and wow clients with the most exclusive office address in Encino. And here’s the game-changer: a private 25-car parking lot—perfect for staff, guests, or large-scale events. Where else can you find that in LA? Inside the villa, every detail speaks to luxury—from the grand double-door foyer with soaring ceilings to the library with Pella doors that open to a scene straight out of an Italian café. Entertain in style in the formal dining room, the cabaret theater with stage and full bar, or enjoy a quiet evening on one of the many loggias and balconies. There’s even room for a massive pool to complete the resort feel. The penthouse-level primary suite is a retreat of its own, accessed via elevator and featuring dual walk-in closets, his-and-hers bathrooms, a steam shower, and a sunken jacuzzi bath wrapped in imported Calacatta gold marble. Off your private gym, sip a nightcap on the veranda and take in glowing sunset views—your perfect end to a productive day. With two recent appraisals at $7.5M+ and priced far below that, this is an unmatched opportunity for luxury living with real work-from-home power. There is nothing else like it on the market! Come see it in person. One visit and you'll never want to leave.

Condition Rating
Excellent
Built in 2008, this 'Italian Villa' estate, though 16 years old, is described with 'exquisite design' and 'luxury' throughout, indicating meticulous maintenance and high-end finishes that meet current quality standards. The primary bathroom, with its 'imported Calacatta gold marble,' 'steam shower,' and 'sunken jacuzzi bath,' exemplifies top-tier, virtually new condition. The detached professional office also includes its own modern kitchen and bathroom. The overall impression is of a property with no deferred maintenance and minimal physical depreciation, aligning with the 'Excellent' criteria for quality and features.
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 = 55445, living area = 9211.
Exceptional Work-from-Home Facilities: The property boasts a rare 1,549 sq ft detached professional office with its own entrance, kitchen, bathroom, and multiple private offices, catering perfectly to remote professionals and entrepreneurs.
Unparalleled Luxury Amenities: Features include a private 25-car parking lot, a cabaret theater with a stage and full bar, an elevator to the primary suite, a private gym, steam shower, and a sunken jacuzzi, offering extensive entertainment and comfort.
Exclusive & Private Setting: Situated behind double gates on a private cul-de-sac and entirely hidden from view on 1.27 acres, ensuring maximum privacy and a true escape.
Strong Value Proposition: Priced significantly below two recent appraisals of $7.5M+, presenting a compelling investment opportunity and potential for immediate equity.
Desirable Location & Views: Located in a coveted Encino enclave south of Ventura Blvd, offering expansive views of city lights, hills, mountains, and trees/woods.

Cons

High Ongoing Costs: The sheer size (9,211 sq ft home on 1.27 acres) and extensive luxury features will result in substantial ongoing maintenance, utility, and property tax expenses.
Niche Market Appeal: Highly specialized amenities like the large detached office and 25-car parking may appeal to a limited buyer demographic, potentially extending market time.
Unfinished Key Amenity: The mention of 'room for a massive pool' indicates that a pool, often a standard expectation for luxury estates, is not yet built, requiring additional significant investment from the buyer.

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