
Encino, California 91316
This Spacious Value-Add Condo is listed at $539,000, positioned slightly above the $500,615 Fair Market Value. Currently holding a Fair Condition Rating, the interior requires cosmetic modernization to unlock its full potential, providing a significant opportunity for forced appreciation. The layout is highly functional, featuring Dual Primary Suites and a private patio overlooking a Pool and Courtyard View. Situated in a prime Encino location near Ventura Boulevard, this property is an ideal project for Value-Add Investors or Owner-Occupants ready to customize a home to their exact standards.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5350 White Oak Avenue 212 Subject | $519,000* List Price | 2 | 2 | 1,387 | $361 | - |
A 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.3 mi |
B 5429 Newcastle 204 Sold | $385,000 | 2 | 2 | 1,092 | $353 | 0.4 mi |
C 17914 Magnolia Boulevard 127 Sold | $485,000 | 2 | 2 | 1,157 | $419 | 0.4 mi |
D 5301 Balboa Boulevard 5b Sold | $526,000 | 2 | 2 | 1,385 | $380 | 0.9 mi |
E 5340 Yarmouth 205 Sold | $650,000 | 2 | 2 | 1,727 | $376 | 0.1 mi |
F 5400 Newcastle Avenue 56 Sold | $405,000 | 2 | 2 | 1,111 | $365 | 0.3 mi |
G 5310 Zelzah Active | $599,000 List Price | 2 | 2 | 1,586 | $378 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, the property is well-maintained and functional but remains largely in its original state. The kitchen and bathrooms feature dated tiled countertops and laminate cabinetry with wood trim typical of the era. The presence of carpet in the bathrooms and older vertical blinds further indicates a need for cosmetic modernization. The listing description explicitly mentions the need for 'TLC' and updating, which aligns with the 'fair' criteria for a home that is aged but functional.
The floor plan features two spacious primary bedrooms with walk-in closets, providing an ideal layout for privacy, roommates, or multi-generational living.
Ideally situated minutes from Ventura Boulevard’s premier dining and shopping, with immediate access to the 101 and 405 freeways and the Sepulveda Basin recreation area.
The unit includes rare side-by-side parking spaces in a secured garage and features two central HVAC systems for efficient, zoned climate control.
The property is noted as needing 'TLC' and updating, suggesting that the interior finishes may be dated and require additional capital investment to modernize.
The monthly HOA fee of $865 is relatively high, which may deter budget-conscious buyers and impact the overall monthly carrying costs.
First time on Market in over25 years! FEATURES: Spacious, open floor plan with high ceilings * Dual primary bedrooms with walk-in closets* Large kitchen with walk-in pantry * Dual central A/C and Heating systems * In-unit washer and dryer * Fireplace * Attached patio overlooking pool and spa courtyard. HOA AMENITIES: Hot and cold water * Trash/waste management * Gated underground parking * 2 side-by-side spaces * Ample visitor parking * Front door/lobby controlled entry * Fully gated community * Whole building fire protection system * Anti-theft mailboxes and parcel lockers * 2 hydraulic elevators * Pool and jacuzzi spa * Weekly janitorial service of common areas * Master AND earthquake insurance policies * Fire & Life Safety Systems - Alarms, sprinklers, and steel fire protection doors in all units and common area hallways * Monthly contribution to building reserve fund. LOCATION: Minutes from Sepulveda Recreation Area & Ventura Blvd shops & restaurants * Easy access to 405 & 101 freeways
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 | 1,387 | 1,073 | 76% |
| Lot Size | 27,968 | 60,966 | 15% |
| Price | $519.0K | $416.2K | 69% |
| Price per sq ft | $374 | $375 | 50% |
| Built year | 1990 | 1971 | 98% |
| HOA | $865.0 | $635 | 85% |
| Days on market | 80 | 189 | 9% |
May 14, 2026
$519,000
$539,000
-4% Price Drop
Initial Listing
Mar 18, 2026
$539,000
Initial Listing
May 28, 1998
$155,000
Public Record