5334 Lindley Avenue 219, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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Encino, California 91316
This Value-Add Condominium is listed at $499,000, positioned as a stable asset relative to its $449,152 Fair Market Value. Boasting a Condition Rating of 4, the interior awaits modernization to unlock forced appreciation. The property offers Exceptional Privacy with no shared walls and premium Resort-Style Amenities including a heated pool and gym. Financial upside is secured by the seller paying off the special assessment, reducing monthly overhead. Located in the Los Angeles Unified district, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5334 Lindley Avenue 219 Subject | $499,000* List Price | 2 | 2 | 1,205 | $373 | - |
A 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.3 mi |
B 5325 Newcastle Avenue 319 Sold | $485,000 | 2 | 2 | 1,166 | $416 | 0.1 mi |
C 5400 Newcastle Avenue 56 Sold | $405,000 | 2 | 2 | 1,111 | $365 | 0.2 mi |
D 5328 Newcastle Avenue 58 Sold | $475,000 | 2 | 2 | 1,029 | $462 | 0.2 mi |
E 17914 Magnolia Boulevard 127 Sold | $485,000 | 2 | 2 | 1,157 | $419 | 0.3 mi |
F 5429 Newcastle Avenue 309 Sold | $410,000 | 2 | 2 | 1,068 | $384 | 0.1 mi |
G 5400 Lindley Avenue 121 Active | $485,000 List Price | 2 | 2 | 1,233 | $393 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property is over 50 years old. While the building exterior and common areas have been recently upgraded, the unit interior remains dated with 1970s-style tile countertops in the kitchen and older appliances. The listing description explicitly states the unit 'awaits your personal touch and upgrades,' which aligns with the Fair criteria for a property needing modernization.
This unique unit features no shared walls with neighbors on either side, offering a rare level of quiet and privacy within a multi-family residential complex.
The recently remodeled Encino Villa complex provides extensive amenities including a heated pool, spa, gym, and multiple recreation rooms, creating a high-end lifestyle experience.
The seller's commitment to pay off the special assessment at escrow will significantly lower the monthly HOA dues to approximately $440, enhancing the property's long-term affordability.
The interior is described as awaiting personal touches and upgrades, indicating that the buyer will likely need to invest additional capital into renovations.
Built in 1970, the property may possess aging systems or structural elements typical of older buildings that could require more frequent maintenance compared to newer constructions.
Luxurious living in this newly remodeled resort-like building in the heart of Encino. While it awaits your personal touch and upgrades, the generous space and a prime location make it an exceptional opportunity. NO shared walls with units on either side! This expansive unit is bright and offers an airy and inviting ambiance, an open layout, laminate flooring throughout, a nice kitchen with a breakfast bar, dining area, laundry in unit, and a spacious balcony. The unit has two side-by-side gated parking spaces. The entire Encino Villa complex went through a major remodel and an upgrade in recent years. The community is equipped with a range of amenities, including a gym, spa, heated in-ground swimming pool, recreation room, conference room, game room, banquet room, barbecue grill, and an outdoor dining area, all of which are available for residents to enjoy. HOA includes EQ insurance, grounds maintenance and hot & cold water. Walking distance to Ventura blvd with stores, restaurants, temples. Convenient location to freeways and the Westside. THE SPECIAL ASSESSMENT WILL BE PAID OFF BY THE SELLER AT THE CLOSE OF ESCROW. After payoff, the HOA dues will drop to around $440/month! Buyer to verify.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,205 | 1,037 | 65% |
| Lot Size | 93,335 | 60,967 | 59% |
| Price | $499.0K | $433.0K | 65% |
| Price per sq ft | $414 | $376 | 63% |
| Built year | 1970 | 1971 | 37% |
| HOA | $750.0 | $652 | 69% |
| Days on market | 2 | 188 | 2% |
Apr 20, 2026
$499,000
Initial Listing
Oct 28, 2004
$324,000
Public Record
Aug 7, 2000
$139,000
Public Record