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5460 White Oak Avenue G210, Encino, California 91316, Encino, 91316 - 2 bed, 2 bath

5460 White Oak Avenue G210, Encino, California 91316 home-pic-0
ACTIVE$325,000
5460 White Oak Avenue G210, Encino, California 91316
2Beds
2Baths
990Sqft
406,432Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Immediate Rental Income: The property is delivered with a current tenant paying full market rent ($2,695/month), providing immediate cash flow and making it an excellent investment opportunity.
Top Cons:
High Association Fees: The monthly association fee of $933.74 is substantial and will significantly impact the overall cost of ownership or investment returns.

Compared to the nearby listings

Price:$325.0K vs avg $462.5K ($-137,500)26%
Size:990 sqft vs avg 1,129.5 sqft35%
Price/sqft:$328 vs avg $40326%

More Insights

Built in 1971 (54 years old).
Condition: Despite the building's age (1971), the unit has undergone a recent and extensive renovation. The kitchen features modern white shaker cabinets, new stainless steel appliances, and a contemporary subway tile backsplash. Both bathrooms are fully remodeled with updated vanities, fixtures, and tiling. The unit boasts clean, easy-to-maintain tile flooring throughout, and ceiling fans have been installed. These updates bring the interior condition to a virtually new standard, meeting current quality standards with no deferred maintenance.
Year Built
1971
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$328
HOA
$933.74
Days on market
-
Sold On
-
MLS number
SR24212322
Home ConditionExcellent
Features
Pool
Spa
ViewNeighborhood

About this home

Attention all investors! This beautiful condo is in an ideal location, one minute from the 101 fwy, and minutes from Ventura Blvd with great dining and shopping options. This condo is in the best location on the south side of the community, away from the freeway with more privacy and easy access to parking and entry/exit. This community offers a wide variety of amenities from the pool and spa to tennis and outdoor entertaining. This unit is close to laundry and an elevator, consists of two bedrooms situated in opposite ends of the unit, easy to maintain tile flooring in the majority of the unit. In addition, this condo comes with a fully remodeled kitchen with all new appliances, and remodeled bathrooms. Ceiling fans installed in both bedrooms, with plenty of closet space. To be delivered with tenant in place, however, he is current and paying full market rent at $2,695 per month! So, this is an excellent opportunity to park your funds in an income property for plenty of potential long term growth!

Condition Rating
Excellent
Despite the building's age (1971), the unit has undergone a recent and extensive renovation. The kitchen features modern white shaker cabinets, new stainless steel appliances, and a contemporary subway tile backsplash. Both bathrooms are fully remodeled with updated vanities, fixtures, and tiling. The unit boasts clean, easy-to-maintain tile flooring throughout, and ceiling fans have been installed. These updates bring the interior condition to a virtually new standard, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Immediate Rental Income: The property is delivered with a current tenant paying full market rent ($2,695/month), providing immediate cash flow and making it an excellent investment opportunity.
Prime Location & Accessibility: Ideally situated one minute from the 101 freeway and minutes from Ventura Blvd, offering convenient access to dining, shopping, and transportation.
Extensive Community Amenities: The community provides a wide array of amenities including a pool, spa, tennis courts, and outdoor entertaining areas, enhancing lifestyle and appeal.
Recent Interior Renovations: The unit features a fully remodeled kitchen with new appliances and remodeled bathrooms, reducing immediate upgrade costs for a new owner.
Desirable Unit Placement: Located on the south side of the community, offering increased privacy, reduced freeway noise, and easy access to parking and entry/exit points.

Cons

High Association Fees: The monthly association fee of $933.74 is substantial and will significantly impact the overall cost of ownership or investment returns.
Building Age: Built in 1971, the building is over 50 years old, which may lead to potential future common area maintenance issues or special assessments despite unit renovations.
Shared Laundry Facilities: The unit is described as being 'close to laundry,' implying shared facilities rather than in-unit laundry, which can be a drawback for some buyers.

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