5022 Lindley Avenue, Encino, California 91316, Encino, 91316 - 4 bed, 2 bath

5022 Lindley Avenue, Encino, California 91316 home-pic-0
ACTIVE$2,695,000
5022 Lindley Avenue, Encino, California 91316
4Beds
2Baths
2,988Sqft
6,766Lot

Price Vs. Estimate

The estimated value ($2,301,683.66) is $393,316.34 (14%) lower than the list price ($2,695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential & Versatility: The property features three fully permitted and legally recognized units (main house + two detached ADUs with full kitchens and private entrances), offering diverse options for multi-generational living, investment income, or an owner-user setup.
Top Cons:
Significant Overpricing Relative to Estimated Value: The listing price of $2.695M is 15% higher than the estimated property value of $2.278M, which could indicate overvaluation and potentially impact buyer interest or negotiation leverage.

Compared to the nearby listings

Price:$2.69M vs avg $1.47M (+$1,230,000)78%
Size:2,988 sqft vs avg 2,250 sqft65%
Price/sqft:$902 vs avg $74582%

More Insights

Built in 1949 (76 years old).
Condition: Built in 1949, this property has undergone extensive renovations, presenting as largely move-in ready. The main living areas, main kitchen, and ADU kitchens feature modern, open-concept designs with light wood-look flooring, recessed lighting, contemporary white flat-panel cabinetry, quartz countertops, and stainless steel appliances. Most bathrooms appear updated and clean. However, one main bathroom stands out with its dark green marble/granite tiling and traditional vanity, indicating a renovation that is significantly older (likely 15-25 years ago) than the rest of the property's updates. This inconsistency prevents an 'Excellent' rating, but the overall condition, recent major updates, and 'turnkey' nature align well with a 'Good' score.
Year Built
1949
Close
-
List price
$2.69M
Original List price
$2.69M
Price/Sqft
$902
HOA
-
Days on market
-
Sold On
-
MLS number
SR25199152
Home ConditionGood
Features
Pool
Patio
View-

About this home

Exceptional South of the Blvd Encino Compound featuring three fully permitted and legally recognized units, each with its own address: 5022, 5024, and 5024½ Lindley Ave. Situated on a gated, landscaped lot in one of the Valley's most sought-after neighborhoods, this rare offering presents a unique opportunity for multi-generational living, investment income, or an ideal owner-user setup. The main residence (5022) boasts approximately 4 bedrooms and 2 bathrooms, a spacious open-concept layout, and direct access to a beautifully private backyard retreat complete with a sparkling pool, sun-soaked patio, and mature landscaping perfect for relaxing or entertaining. The property also includes two detached ADUs, each featuring 2 bedrooms and 2 bathrooms, with full kitchens, and private entrances. These units offer excellent income potential or flexible living for extended family, guests, or even a home office setup. With approximately 3,000 square feet of total living space, this gated compound offers privacy, versatility, and tremendous value in a premier Encino location just south of Ventura Blvd. Enjoy easy access to top-rated schools, upscale shopping, dining, and major freeways. Whether you're looking to live in one unit and rent the others, house multiple generations under one roof, or expand your investment portfolio with a triplex-style property, this one-of-a-kind compound checks every box. Don't miss this rare opportunity to own a turnkey, income-generating property in the heart of Encino.

Condition Rating
Good

Built in 1949, this property has undergone extensive renovations, presenting as largely move-in ready. The main living areas, main kitchen, and ADU kitchens feature modern, open-concept designs with light wood-look flooring, recessed lighting, contemporary white flat-panel cabinetry, quartz countertops, and stainless steel appliances. Most bathrooms appear updated and clean. However, one main bathroom stands out with its dark green marble/granite tiling and traditional vanity, indicating a renovation that is significantly older (likely 15-25 years ago) than the rest of the property's updates. This inconsistency prevents an 'Excellent' rating, but the overall condition, recent major updates, and 'turnkey' nature align well with a 'Good' score.
Pros & Cons

Pros

Exceptional Income Potential & Versatility: The property features three fully permitted and legally recognized units (main house + two detached ADUs with full kitchens and private entrances), offering diverse options for multi-generational living, investment income, or an owner-user setup.
Prime Encino Location: Situated 'South of the Blvd' in a highly sought-after Encino neighborhood, providing easy access to top-rated schools, upscale shopping, dining, and major freeways.
Private Outdoor Oasis: Includes a beautifully private backyard retreat complete with a sparkling pool, sun-soaked patio, and mature landscaping, ideal for relaxation and entertaining.
Gated Compound & Privacy: The property is a gated, landscaped compound, offering enhanced privacy and security for its residents.
Turnkey Condition: Described as a 'turnkey' property, suggesting it is ready for immediate occupancy or rental without significant immediate repairs or renovations.

Cons

Significant Overpricing Relative to Estimated Value: The listing price of $2.695M is 15% higher than the estimated property value of $2.278M, which could indicate overvaluation and potentially impact buyer interest or negotiation leverage.
Age of Main Residence: Built in 1949, the main residence may have older systems or require more frequent maintenance and updates compared to newer constructions, despite being described as turnkey.
Lack of Specific Modern Upgrades for Main House: While ADUs have full kitchens, the description for the main residence is less specific on modern renovations beyond an 'open-concept layout,' potentially leaving buyers to wonder about the condition of key areas like the kitchen and bathrooms.

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