RealKey
‪(213) 433-7766‬

5457 Encino Avenue, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5457 Encino Avenue, Encino, California 91316 home-pic-0
ACTIVE$2,650,000
5457 Encino Avenue, Encino, California 91316
2Beds
2Baths
2,260Sqft
43,037Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43037, living area = 2260.
Top Cons:
Significant Capital Investment Required: The property is marketed as a development opportunity, implying substantial additional costs for construction or extensive renovation beyond the purchase price.

Compared to the nearby listings

Price:$2.65M vs avg $1.47M (+$1,185,000)77%
Size:2,260 sqft vs avg 2,250 sqft52%
Price/sqft:$1.2K vs avg $74599%

More Insights

Built in 1939 (86 years old).
Condition: Built in 1939, the existing 2,200 sq ft home is explicitly described as 'dated' and likely requiring 'substantial renovation or demolition' to align with a luxury compound vision. While the listing mentions a 'chef's kitchen,' the visible kitchen in the images appears significantly outdated with older cabinets and a dated aesthetic. The flooring (terracotta tile) and light fixtures also show considerable age. No bathroom images are provided, suggesting they are not a selling point. The property's value is clearly centered on the large lot and development potential, not the current structure's condition, which requires extensive rehabilitation.
Year Built
1939
Close
-
List price
$2.65M
Original List price
$2.95M
Price/Sqft
$1,173
HOA
-
Days on market
-
Sold On
-
MLS number
SR25040353
Home ConditionPoor
Features
View-

About this home

MOTIVATED SELLER, RECENTLY APPRAISED for $2,800,000. Calling all Investors, developers, and visionaries, seize this rare chance to build or renovate within the esteemed Amestoy Estates of Encino. This nearly one-acre, flat 43,037 sq ft lot presents an exceptional canvas for a luxury compound. Strategically positioned amidst multi-million-dollar residences, where sales have reached $6M to $8M, this property offers unparalleled potential. Enjoy your privacy with a gated entrance and a 20+ foot wide private driveway. The existing 2,200 sq ft Mediterranean home, featuring vaulted ceilings and a chef's kitchen, provides immediate value as a guest house or ADU, while offering a solid foundation for your vision. Imagine a resort-style oasis within your own grounds, complete with a sparkling pool, rejuvenating spa, and a private court for tennis, pickleball, or basketball. Located near top-rated schools, including the Academy of Enriched Sciences and Westmark School, this estate offers both prestige and convenience. Don't just imagine your dream home – bring it to life in Amestoy Estates, where luxury knows no bounds. Welcome to 5457 Encino Ave!

Condition Rating
Poor
Built in 1939, the existing 2,200 sq ft home is explicitly described as 'dated' and likely requiring 'substantial renovation or demolition' to align with a luxury compound vision. While the listing mentions a 'chef's kitchen,' the visible kitchen in the images appears significantly outdated with older cabinets and a dated aesthetic. The flooring (terracotta tile) and light fixtures also show considerable age. No bathroom images are provided, suggesting they are not a selling point. The property's value is clearly centered on the large lot and development potential, not the current structure's condition, which requires extensive rehabilitation.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43037, living area = 2260.
Exceptional Development Opportunity: A nearly one-acre, flat 43,037 sq ft lot in the esteemed Amestoy Estates provides an ideal canvas for building a luxury compound.
Prime Location & High Value Neighborhood: Strategically positioned amidst multi-million-dollar residences (sales up to $6M-$8M), indicating strong market value and potential for appreciation.
Value Proposition & Motivated Seller: Recently appraised for $2,800,000 and listed below that price, coupled with a motivated seller, offers potential for immediate equity.
Existing Home as ADU/Guest House: The 2,200 sq ft Mediterranean home provides immediate value as a guest house or ADU, offering functional utility during development.
Enhanced Privacy & Security: Features a gated entrance and a 20+ foot wide private driveway, contributing to an exclusive and secure estate feel.

Cons

Significant Capital Investment Required: The property is marketed as a development opportunity, implying substantial additional costs for construction or extensive renovation beyond the purchase price.
Age of Existing Structure: Built in 1939, the current 2,200 sq ft home is dated and likely requires substantial renovation or demolition to align with a luxury compound vision.
Absence of Views: The property explicitly states 'None' for views, which may be a drawback for a high-end estate in a competitive market where scenic views often command a premium.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state