5454 Zelzah Avenue 215, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath
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Encino, California 91316
This Value-Add Corner Condominium represents a strategic entry into the Encino market with a List Price of $488,900, positioned relative to a $439,665 Fair Market Value. While the current valuation reflects a premium over AI estimates, the unit is priced significantly below the building's recent $535,000 high-water mark, offering substantial recovery potential. A Condition Rating of 4 identifies a functional but outdated interior, providing a clear path for forced appreciation through modernization. Featuring a Pool View, resort-style amenities, and proximity to Ventura Boulevard and Los Angeles Unified schools, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5454 Zelzah Avenue 215 Subject | $489,000* List Price | 2 | 2 | 1,234 | $364 | - |
A 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.1 mi |
B 5400 Newcastle Avenue 56 Sold | $405,000 | 2 | 2 | 1,111 | $365 | 0.2 mi |
C 5325 Newcastle Avenue 319 Sold | $485,000 | 2 | 2 | 1,166 | $416 | 0.3 mi |
D 5429 Newcastle Avenue 309 Sold | $410,000 | 2 | 2 | 1,068 | $384 | 0.2 mi |
E 5328 Newcastle Avenue 58 Sold | $475,000 | 2 | 2 | 1,029 | $462 | 0.2 mi |
F 17914 Magnolia Boulevard 127 Sold | $485,000 | 2 | 2 | 1,157 | $419 | 0.4 mi |
G 5403 Newcastle Avenue 28 Active | $350,000 List Price | 2 | 2 | 944 | $371 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, this unit is functional but significantly outdated. While it has been recently painted and features wood-look flooring, it retains dated popcorn ceilings, original-style tile countertops in the kitchen and bathrooms, and worn cabinetry. The kitchen appliances are a mix of ages, and the overall aesthetic reflects a lack of recent comprehensive renovation, placing it firmly in the fair category.
Priced at $488,900, this corner unit is positioned significantly below the most recent building sale of $535,000, offering immediate equity potential for a motivated buyer.
Situated just minutes from Ventura Boulevard and the 101 Freeway, the property provides unparalleled access to premier shopping, dining, and essential retailers like Trader Joe's and Target.
The gated community offers a robust amenity package including a pool, spa, fitness center, and recreation room, complemented by two secure covered parking spaces.
The lack of in-unit laundry hookups requires residents to use a communal laundry room, which may be a convenience drawback for modern condo buyers.
Constructed in 1970, the property may feature older architectural elements and infrastructure that require more frequent maintenance compared to newer constructions.
Unit has just been painted! Motivated seller!! Don't let this opportunity pass you by and make this condo your own!! Best priced, corner unit on the second floor!! Quiet building centrally located with access to freeways and shops/restaurants within minutes. HOA recently replaced all windows and painted the exterior of the building. This unit comes with 2 covered parking spaces in the controlled access garage. Primary bedroom has wall to wall closets and second bedroom has a walk-in closet. This gated community, managed by an HOA, provides residents with a range of amenities, including a recreation center, fitness center, gated parking, community laundry room, pool, and spa. Families will appreciate the proximity to excellent schools. Located just minutes from the vibrant Ventura Blvd, you'll enjoy easy access to a variety of restaurants, shops, entertainment options, Trader Joe’s, Target, Walgreens, and the 101 Freeway. Easy to show and ready for a new owner!! Last condo sold in this building for $535K.
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 | 1,234 | 1,037 | 67% |
| Lot Size | 43,614 | 60,967 | 27% |
| Price | $489.0K | $433.0K | 65% |
| Price per sq ft | $396 | $376 | 57% |
| Built year | 1970 | 1971 | 37% |
| HOA | $420.0 | $650 | 10% |
| Days on market | 317 | 191 | 94% |
Apr 18, 2026
$489,000
$488,900
+0% Price Increase
Initial Listing
Apr 8, 2026
$488,900
$489,000
+0% Price Increase
Initial Listing
Mar 11, 2026
$489,000
$495,000
-1% Price Drop
Initial Listing
Dec 3, 2025
$495,000
$499,000
-1% Price Drop
Initial Listing
Nov 3, 2025
$499,000
$515,000
-3% Price Drop
Initial Listing
Aug 2, 2025
$515,000
Initial Listing
Jun 9, 2025
$525,000
Initial Listing