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5022 Lindley Avenue, Encino, California 91316, Encino, 91316 - 8 bed, 6 bath

5022 Lindley Avenue, Encino, California 91316 home-pic-0
ACTIVE$2,695,000$2,988/sqft
Est. Value: $2,533,610
-5%
AboveEstimate
5022 Lindley Avenue, Encino, California 91316
8Beds
6Baths
2,988Sqft
6,766Lot

Price Vs. Estimate

The estimated value ($2,533,610.265) is $161,389.735 (5%) lower than the list price ($2,695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Multi-Unit Income Potential: Features three fully permitted and legally recognized units, offering significant potential for investment income, multi-generational living, or an owner-user setup with rental offset.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6766, other record lot size in square feet = 6830. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2988, other record living area = 2371. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.

Compared to the nearby listings

Price:$2.69M vs avg $1.38M (+$1,320,000)81%
Size:2,988 sqft vs avg 1,838 sqft73%
Price/sqft:$902 vs avg $76581%

More Insights

Built in 1949 (77 years old).
Condition: Despite the 1949 build year, the property has undergone extensive and recent renovations, making it virtually new in terms of interior finishes and functionality. All three units feature modern kitchens with new stainless steel appliances, contemporary cabinetry, and quartz countertops. Bathrooms are largely updated with modern vanities, vessel sinks, and glass shower enclosures, though one bathroom in the main residence has a dated green marble aesthetic. New light-colored flooring, recessed lighting, and fresh paint are consistent throughout. The ADUs appear newly constructed or very recently converted/renovated, including mini-split AC units. The overall presentation is turnkey with high-quality, modern components, indicating a full recent renovation.
Year Built
1949
Close
-
List price
$2.69M
Original List price
$2.69M
Price/Sqft
$902
HOA
-
Days on market
-
Sold On
-
MLS number
SR26005992
Home ConditionExcellent
Features
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.

A
Adi Livyatan
Listing Agent

Price History

Date
Event
Price
03/14/01
Sold
$489,000
02/02/01
Sold
$10,000
05/31/13
Sold
$565,000
05/30/02
Sold
$435,000
Condition Rating
Excellent
Despite the 1949 build year, the property has undergone extensive and recent renovations, making it virtually new in terms of interior finishes and functionality. All three units feature modern kitchens with new stainless steel appliances, contemporary cabinetry, and quartz countertops. Bathrooms are largely updated with modern vanities, vessel sinks, and glass shower enclosures, though one bathroom in the main residence has a dated green marble aesthetic. New light-colored flooring, recessed lighting, and fresh paint are consistent throughout. The ADUs appear newly constructed or very recently converted/renovated, including mini-split AC units. The overall presentation is turnkey with high-quality, modern components, indicating a full recent renovation.
Pros & Cons

Pros

Multi-Unit Income Potential: Features three fully permitted and legally recognized units, offering significant potential for investment income, multi-generational living, or an owner-user setup with rental offset.
Prime Encino Location: Situated South of Ventura Blvd in a highly sought-after Encino neighborhood, providing easy access to top-rated schools, upscale shopping, dining, and major freeways.
Versatile Living Arrangements: The compound structure with a main residence and two detached ADUs provides exceptional flexibility for extended family, guests, or dedicated home office spaces.
Private Outdoor Amenities: Includes a beautifully private backyard retreat with a sparkling pool, sun-soaked patio, and mature landscaping, ideal for relaxation and entertaining.
Gated & Private Compound: The property is a gated and landscaped compound, offering enhanced privacy and security for its residents.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6766, other record lot size in square feet = 6830. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2988, other record living area = 2371. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 6.
Age of Main Residence: Built in 1949, the main residence may require updates to its core systems (e.g., plumbing, electrical, HVAC) or aesthetic renovations to meet modern standards, which are not explicitly detailed as completed.
Lack of Scenic Views: The property explicitly states 'view: None,' which could be a disadvantage for buyers in a desirable area where scenic vistas are often a premium amenity.
Increased Maintenance Complexity: Managing three separate units and a pool within a compound structure can lead to higher overall maintenance responsibilities and associated costs compared to a standard single-family home.
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