4950 Louise Avenue 301, Encino, California 91316, Encino, 91316 - 3 bed, 3 bath
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4950 Louise Avenue 301
Encino, California 91316
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,551Sq Ft
26,418Lot Size
Property Price
LIST PRICE$650,000
EST. MARKET VALUE
$650,000
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $699,999—positioned above the $641,214 Fair Market Value. While priced slightly above market, the property offers a Turnkey Condition Rating with high-end finishes including a Remodeled Kitchen, Granite Counters, and Custom Walk-in Closet. Located South of the Blvd, this unit provides a premium lifestyle with access to a Pool, Spa, and Private Balcony. With three dedicated underground parking spots, this residence is an ideal fit for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$650,000
Based on Realkey algorithm analyzing recent comparable sales in Encino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4950 Louise Avenue 301 Subject | $650,000* List Price | 3 | 3 | 1,551 | $419 | - |
A 4950 Louise 108 Sold | $528,000 | 2 | 2 | 1,144 | $462 | 0.0 mi |
B 5301 Balboa Boulevard 5b Sold | $526,000 | 2 | 2 | 1,385 | $380 | 0.6 mi |
C 4949 Genesta Avenue 201 Sold | $790,000 | 3 | 3 | 1,867 | $423 | 0.3 mi |
D 5301 Balboa Boulevard F8 Sold | $545,000 | 2 | 2 | 1,378 | $396 | 0.6 mi |
E 17711 Margate 313 Sold | $665,000 | 2 | 2 | 1,428 | $466 | 0.8 mi |
F 5310 Zelzah Avenue 204 Sold | $600,000 | 2 | 2 | 1,517 | $396 | 0.9 mi |
G 5320 Zelzah Avenue 214 Active | $487,000 List Price | 2 | 2 | 1,080 | $451 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building dates to 1963, the unit is in turnkey condition following significant renovations. The kitchen and bathrooms have been remodeled with granite counters and stone flooring, and the unit features brand new carpet and replaced dual-paned windows. The aesthetic suggests a high-quality renovation within the 5-15 year range, making it well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated South of the Blvd and steps from Encino Commons, this property offers unparalleled access to top-tier dining, shopping, and entertainment in a highly sought-after neighborhood.
- Turnkey Upgrades
The unit features extensive modern renovations, including a remodeled kitchen and bathrooms, dual-paned windows, and new flooring, providing a move-in-ready experience for the buyer.
- Rare Parking & Position
As a top-floor unit, it provides added privacy with no neighbors above, complemented by three dedicated underground parking spaces conveniently located right next to the elevator entry.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =26418, other record lot size in square feet = 26347.
- Aging Infrastructure
Built in 1963, the building's overall age may present long-term maintenance concerns or limitations in modern architectural design compared to newer luxury developments.
- High Monthly Carrying Costs
The $525 monthly association fee adds a significant recurring expense to the ownership cost, which may impact the overall affordability for some prospective buyers.
About 4950 Louise Avenue 301
Rarely available for purchase, a large 3 bedroom / 2.5 bath South of the Blvd. beautiful top floor condo can be yours. The open floor plan makes the home feel even larger than its 1,551 sq. ft. With a remodeled kitchen, plantation shutters throughout, replaced dual paned windows, brand new carpet, stone flooring, granite counters, remodeled bathrooms, a private balcony, and a walk in custom closet all make this a perfect turnkey opportunity. The building offers numerous patio areas to relax, large pool and separate spa for enjoyment. The buildings location is truly amazing. The Encino Commons is almost at your doorstep. This well maintained building is gated and also offers underground gated parking. The condo has 2 underground parking spots that are right next to the elevator entry. All the best dining & shopping are at your fingertips.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1963
- Lot Size
- 26,418 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $525.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.9 |
| Baths | 3.0 | 1.9 |
| Square foot | 1,551 | 1,177.536 |
| Lot Size | 26,418 | 200,334.571 |
| Price | $650.0K | $481.6K |
| Price per sq ft | $419 | $387 |
| Built year | 1963 | 1972 |
| HOA | $525.0 | $730 |
| Days on market | 125 | 82 |
Pricing History
Listed for Sale
Sep 6, 2026
$650,000
$679,999
-4% Price Drop
Initial Listing
Price Change
Jul 10, 2026
$679,999
$699,999
-3% Price Drop
Initial Listing
Price Change
May 7, 2026
$699,999
Initial Listing
Sold
Jul 18, 2014
$420,000
Public Record
Sold
Mar 31, 1994
$117,500
Public Record