
Encino, California 91316
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $495,240 Fair Market Value (Note: Market is currently priced at parity). Featuring a Fair Condition Rating of 4, this 1,387 sq ft unit offers a spacious open floor plan and side-by-side gated parking. While the unit requires cosmetic updates, the building provides premium amenities including a pool, spa, and controlled access. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation in a prime Encino location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5350 White Oak Avenue 212 Subject | $499,000* List Price | 2 | 2 | 1,387 | $357 | - |
A 5310 Zelzah Avenue 204 Sold | $600,000 | 2 | 2 | 1,517 | $396 | 0.2 mi |
B 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.3 mi |
C 5330 Lindley Avenue 305 Sold | $580,000 | 2 | 2 | 1,669 | $348 | 0.5 mi |
D 5429 Newcastle 204 Sold | $385,000 | 2 | 2 | 1,092 | $353 | 0.4 mi |
E 5339 Newcastle Avenue 103 Sold | $400,000 | 2 | 2 | 1,253 | $319 | 0.4 mi |
F 17914 Magnolia Boulevard 127 Sold | $485,000 | 2 | 2 | 1,157 | $419 | 0.4 mi |
G 5301 Balboa Boulevard 5b Sold | $526,000 | 2 | 2 | 1,385 | $380 | 0.9 mi |
H 5325 Newcastle Avenue 207 Sold | $403,000 | 2 | 2 | 940 | $429 | 0.4 mi |
I 5310 Zelzah Active | $589,000 List Price | 2 | 2 | 1,586 | $371 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 34-year-old property features original, dated finishes, particularly in the bathrooms which show 90s-era cabinetry and tile. The listing explicitly describes the unit as a 'diamond in the rough' needing 'TLC' and 'work,' which fits the criteria for a dated home requiring minor repairs and aesthetic updates to reach modern standards.
Priced significantly below market comparables, this 'diamond in the rough' offers substantial equity potential for investors or buyers looking to customize a large space.
The unit boasts over 1,300 sq ft of living space featuring high ceilings, a large kitchen with a walk-in pantry, and the rare convenience of side-by-side gated parking.
Positioned at the back of the building away from street noise, the unit provides a peaceful setting while maintaining excellent proximity to the 101/405 freeways and Ventura Blvd.
The property is explicitly noted as needing TLC and work, implying immediate additional capital expenditure will be required for renovations and modernization.
The monthly association fee of $865 is relatively high, which may impact buyer affordability and debt-to-income ratios for financing.
FABULOUS 2 BED/2 BATH DIAMOND IN THE ROUGH - PRICED TO SELL well below comparable units! — Over 1,300 sq ft of beautiful open floor plan in a quiet and well-maintained building, with a little work and some TLC, this unit can really be something special. FEATURES: High ceilings — Large kitchen with walk-in pantry — Spacious primary bedroom suite with extra-large bathroom and walk-in closet — Dual central A/C and Heating systems — In-unit washer and dryer — Fireplace — Attached patio overlooking pool and spa courtyard. MONTHLY FEES INCLUDE: Hot and cold water — Trash and recycling — Gated underground parking (2 side-by-side spaces) plus ample visitor parking — Fully gated community with controlled front door/lobby entry — Anti-theft mailboxes and parcel lockers — Hydraulic elevators — Pool and jacuzzi spa — Weekly janitorial service of common areas — Fire Suppression Systems throughout the building (alarms, fire doors, and sprinklers) — FULL INSURANCE coverage including Liability, Fire/Flood, and Earthquake — LOCATION: Unit is on the 2nd floor in the back, away from the street; Building provides easy access to the 101 & 405 Freeways and Ventura Blvd — Minutes away from Sepulveda Recreation Area
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.9 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,387 | 1,177.536 |
| Lot Size | 27,968 | 200,334.571 |
| Price | $499.0K | $481.6K |
| Price per sq ft | $360 | $387 |
| Built year | 1990 | 1972 |
| HOA | $865.0 | $730 |
| Days on market | 49 | 82 |
Jul 22, 2026
$499,000
Initial Listing
May 28, 1998
$155,000
Public Record