5139 Balboa Boulevard 2, Encino, California 91316, Encino, 91316 - 2 bed, 3 bath

5139 Balboa Boulevard 2
Encino, California 91316
Property Price
SUMMARY
Analysis of 5139 Balboa Boulevard 2, Encino, California 91316 is currently available with a list price of $724,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Encino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1974, the property has undergone an extensive top-to-bottom renovation within the last 5 years, meeting the criteria for 'excellent' condition. The interior features brand-new flooring, smooth ceilings with recessed lighting, and a fully modernized kitchen with granite countertops and newer stainless steel appliances. All bathrooms have been luxuriously remodeled with contemporary fixtures and spa-like finishes. The inclusion of modern systems like central HVAC and a private EV charger further confirms its turnkey, high-quality status.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Turnkey Renovations
The property has been meticulously redesigned from top to bottom, featuring high smooth ceilings, brand-new flooring, and a modern kitchen with granite countertops and stainless steel appliances.
- Premium Community Amenities
Residents enjoy a resort-style lifestyle with access to a pool, spa, sauna, fitness center, and a rare private high-voltage EV charger in the secured subterranean garage.
- Prime Encino Location
Ideally situated near Ventura Boulevard, the home offers exceptional walkability to premier dining and shopping, with seamless access to the 101 and 405 freeways.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1351, other record living area = 1451.
- High Monthly HOA Fees
The association fee of $638 per month is relatively high, which may impact the debt-to-income ratio for some buyers and increase the overall cost of ownership.
- Market Stagnation Indicators
The property has undergone multiple price reductions since its initial listing, which may signal that the home was previously overpriced or is facing challenges in the current market.
About 5139 Balboa Boulevard 2
***REDUCED***REDUCED*** Welcome to this stunningly renovated 2-bedroom, 2.5-bath townhome located in a sought-after gated community in the heart of Encino. Thoughtfully redesigned from top to bottom, this turnkey residence showcases refined finishes, modern upgrades, and a warm, livable elegance tailored for today's lifestyle. Step into a light-filled interior featuring high smooth ceilings, recessed lighting, and brand-new flooring throughout. The open-concept living and dining areas are ideal for both everyday comfort and entertaining, complete with a cozy stone gas fireplace and a sleek wet bar. Sliding glass doors open to a private patio, creating effortless indoor-outdoor flow. Perfect for morning coffee, intimate gatherings, or relaxing evenings at home. The spacious kitchen blends style and function with granite countertops, abundant cabinetry, newer stainless steel appliances, and a charming breakfast nook bathed in natural light. The main level also includes a beautifully remodeled powder room, in-unit stackable washer and dryer, central A/C and heat, and generous under-stair storage. Every detail thoughtfully designed for convenience. Upstairs, the expansive primary suite offers a true retreat, featuring 2 custom-built closets and a luxurious ensuite bath with a spa-like shower and bathtub. The secondary bedroom also enjoys its own ensuite full bathroom with a bathtub and large walk-in closet, ideal for guests or family members. Ample storage throughout enhances the home's smart, functional layout. Residents enjoy an array of resort-style amenities, including a sparkling pool and spa, sauna, fitness center, recreation room, picnic area, and secured subterranean garage parking with 2 assigned spaces, 1 equipped with a private high-voltage EV charger, and additional storage; all within a meticulously maintained gated community. Ideally located near Ventura Boulevard, this home offers convenient access to popular dining, shopping, entertainment, grocery stores, parks, hiking trails, and a local community garden. With easy connections to the 101 and 405 freeways, commuting and exploring Los Angeles is seamless. Fully remodeled with top-tier finishes and exceptional attention to detail, this exceptional residence offers not just a home, but the very best of Encino living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 56,071 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $638.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 88% |
| Square foot | 1,351 | 1,029 | 73% |
| Lot Size | 56,071 | 60,967 | 31% |
| Price | $724.0K | $430.0K | 88% |
| Price per sq ft | $536 | $400 | 93% |
| Built year | 1974 | 1971 | 73% |
| HOA | $638.0 | $650 | 46% |
| Days on market | 38 | 199 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$724,000
$739,000
-2% Price Drop
Initial Listing
Price Change
Feb 10, 2026
$739,000
$779,000
-5% Price Drop
Initial Listing
Price Change
Jan 27, 2026
$779,000
Initial Listing
Sold
Jul 8, 2015
$400,000
Public Record
Sold
Jul 8, 2013
$350,000
Public Record
Sold
Sep 22, 2006
$446,000
Public Record



































