
Los Angeles, California 91316
This penthouse unit presents a High-Potential Investment Opportunity with a List Price of $575,000—positioned well below the $600,187 Fair Market Value by 4%. This valuation gap offers $25,187 in Instant Equity for buyers ready to execute a renovation. Featuring a Condition Rating of 5, the property is a blank canvas requiring a full kitchen and bath modernization. With soaring two-story ceilings, pool/spa access, and a prime Encino location, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build significant sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4949 Genesta Avenue 409 Subject 2 bd · 2 ba · 1,707 sqft · $329 | $575,000* List Price | 2 | 2 | 1,707 | $329 | - |
A 4949 Genesta Avenue 111 Sold 2 bd · 2 ba · 1,532 sqft · $335 | $513,000 | 2 | 2 | 1,532 | $335 | - |
B 5139 Balboa Boulevard 12 Sold 2 bd · 2 ba · 1,486 sqft · $404 · 0.2 mi | $600,000 | 2 | 2 | 1,486 | $404 | 0.2 mi |
C 5216 Yarmouth Avenue 305 Sold 2 bd · 2 ba · 1,938 sqft · $377 · 1.0 mi | $730,000 | 2 | 2 | 1,938 | $377 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974 with no noted updates; the listing relies entirely on digitally rendered/virtually staged photos. The description explicitly states the property is a blank canvas 'ready to be transformed' and invites buyers to 'bring your vision,' indicating the actual kitchen and bathrooms require a complete rehab.
This penthouse unit features soaring two-story ceilings and expansive walls of windows, providing an abundance of natural light and a sense of scale rarely found in standard condominiums.
Situated directly across from Encino Park and steps from Ventura Boulevard’s premier dining and shopping, the property offers a highly walkable lifestyle in a sought-after neighborhood.
Residents benefit from 24-hour front desk security, controlled access, and comprehensive HOA coverage that includes earthquake insurance, cable, internet, and water.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The association fee is $1,400 per month, which represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for buyers.
The property is marketed as a 'vision' project, indicating that the kitchen and bathrooms require a full renovation to meet modern luxury standards and buyer expectations.
There are homes you simply decorate - and others that invite you to create something entirely your own. This spacious penthouse at Encino Park West is one of those rare opportunities. Enter into soaring two-story ceilings, walls of windows, and an abundance of natural light. The expansive living and dining spaces have wonderful scale, while a private balcony overlooking the pool extends the living space outdoors. The generously sized kitchen offers an eat-in area, extensive pantry storage and in-unit laundry - with the space and potential to create a kitchen designed around the way you live. And then there's the primary suite. Three walk-in closets. A separate dressing area. Additional linen storage. And an oversized primary bath with a separate tub and shower and dual vanity - ready to be transformed into the luxurious, spa-inspired retreat you've imagined. A versatile second bedroom with its own walk-in closet can serve beautifully as a guest suite, home office - or both - with a second full bath nearby. Beyond the residence, Encino Park West offers the ease of a full-service lifestyle with 24-hour front desk coverage and controlled access, additional exterior security monitoring, pool and spa, recreation room/library with kitchen, fitness center and dry sauna, and controlled-access parking with direct elevator service to the penthouse floor. The location is hard to beat. Encino Park is directly across the street, offering tennis courts, green lawns, picnic areas and a playground, while the shops, restaurants, cafes and salons of Ventura Boulevard are just moments away. The HOA dues include Spectrum cable and internet, sewer, trash, hot and cold water, building insurance, earthquake insurance and grounds/pool/elevator maintenance. The space is here. The light is here. The location is here...Now bring your vision.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,707 | 1,252.996 |
| Lot Size | 59,278 | 26,029.603 |
| Price | $575.0K | $778.5K |
| Price per sq ft | $337 | $629 |
| Built year | 1974 | 1981 |
| HOA | $1400.0 | $676 |
| Days on market | 55 | 74 |
Sep 15, 2026
$575,000
Initial Listing
Oct 2, 1997
$161,000
Public Record