5301 Balboa, Encino, California 91316, Encino, 91316 - 3 bed, 2 bath
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Encino, California 91316
This Spacious 3-Bedroom Condominium is a Strong Value Opportunity, listed at $645,000—positioned well below the $654,988 Fair Market Value by 1.5%. This valuation gap offers $9,988 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, rich wood flooring, and a private balcony. Located near Ventura Blvd, this property offers a blend of lifestyle convenience and financial stability, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready Encino residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 Balboa Subject | $645,000* List Price | 3 | 2 | 1,711 | $383 | - |
A 5301 Balboa Boulevard 5b Sold | $526,000 | 2 | 2 | 1,385 | $380 | 0.0 mi |
B 5301 Balboa Boulevard D9 Sold | $510,000 | 2 | 2 | 1,415 | $360 | 0.0 mi |
C 5301 Balboa Boulevard M4 Sold | $540,000 | 2 | 2 | 1,415 | $382 | 0.0 mi |
D 5301 Balboa Boulevard F8 Sold | $545,000 | 2 | 2 | 1,378 | $396 | 0.0 mi |
E 4949 Genesta Avenue 201 Sold | $790,000 | 3 | 3 | 1,867 | $423 | 0.4 mi |
F 4950 Louise Avenue 301 Active | $699,999 List Price | 3 | 3 | 1,551 | $451 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1965, the unit has been well-maintained and updated with recessed lighting, granite countertops, and wood flooring. The kitchen and bathrooms appear functional and move-in ready, reflecting a renovation likely within the 5-15 year range, though some fixtures like the mirrored closet doors and cabinet styles show slight age.
Boasting 1,711 square feet, this three-bedroom unit is exceptionally large for a condominium, offering a spacious open floor plan that rivals the feel of a single-family home.
The property is ideally situated near Ventura Boulevard, providing residents with convenient access to high-end shopping, diverse dining options, and major freeway corridors.
The unit features high-quality upgrades including rich wood flooring, recessed lighting, and granite countertops, making it a move-in-ready option for discerning buyers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =227748, other record lot size in square feet = 227678. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1711, other record living area = 1008. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The association fee of $686 per month is relatively high, which may affect the overall monthly carrying costs and affordability for some prospective purchasers.
Constructed in 1965, the building may lack the modern energy efficiencies and contemporary architectural aesthetics found in newer residential developments.
Welcome to this spacious and light-filled 3-bedroom condo in the heart of Encino. This beautifully maintained unit offers an expansive open living and dining area with rich wood flooring, recessed lighting, and large windows that flood the space with natural light. Sliding doors lead to a private balcony perfect for morning coffee or relaxing evenings. The kitchen features ample cabinetry, granite countertops, generous prep space, and a functional layout ideal for everyday living and entertaining. All three bedrooms are well-sized, offering comfort and flexibility for guests, family, or a home office. The primary suite includes abundant closet space and a large vanity area with dual sinks, creating a true retreat feel. This well-kept community offers lush landscaping, a sparkling pool, and a peaceful courtyard setting. Conveniently located near Ventura Blvd, shopping, dining, parks, and easy freeway access, this Encino gem combines space, comfort, and location. A rare opportunity to enjoy bright, comfortable living in one of the Valley’s most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 89% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,711 | 1,073 | 87% |
| Lot Size | 227,748 | 60,966 | 70% |
| Price | $645.0K | $416.2K | 83% |
| Price per sq ft | $377 | $377 | 50% |
| Built year | 1965 | 1971 | 28% |
| HOA | $686.0 | $635 | 59% |
| Days on market | 19 | 188 | 2% |
May 18, 2026
$645,000
Initial Listing
Feb 9, 2000
$112,000
Public Record