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 Income & Investment Potential: Delivered with a current tenant paying full market rent ($2,695/month), offering instant cash flow and long-term growth opportunity for investors.
Top Cons:
High Monthly HOA Dues: The substantial monthly association fee of $933.74 significantly impacts overall carrying costs and potential net income for investors.

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: The property's interior is described as having a 'fully remodeled kitchen with all new appliances' and 'remodeled bathrooms,' making it move-in ready. This aligns with a 'Good' score. However, the building was constructed in 1971, and while the unit has been updated, the absence of images for the kitchen and bathrooms prevents a full assessment of the quality and style of these key renovations. The visible tile flooring is functional but not high-end or distinctly modern. The overall condition of the unit appears good due to the stated renovations, but the age of the building and lack of visual evidence for the most critical updated areas keep it from an 'Excellent' rating.
Year Built
1971
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$328
HOA
$933.74
Days on market
-
Sold On
-
MLS number
SR25114998
Home ConditionGood
Features
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! The HOA includes the following: Pool, Spa/Hot Tub, Sauna, Barbecue, Outdoor Cooking Area, Picnic Area, Tennis Court(s), Paddle Tennis, Sport Court, Gym/Ex Room, Clubhouse, Recreation Room, Maintenance Grounds, Trash, Sewer, Water, Management, Security, and Controlled Access. Pet restrictions include: Pet Rules, Pets Permitted, Permitted Types, Weight Limit.

Condition Rating
Good

The property's interior is described as having a 'fully remodeled kitchen with all new appliances' and 'remodeled bathrooms,' making it move-in ready. This aligns with a 'Good' score. However, the building was constructed in 1971, and while the unit has been updated, the absence of images for the kitchen and bathrooms prevents a full assessment of the quality and style of these key renovations. The visible tile flooring is functional but not high-end or distinctly modern. The overall condition of the unit appears good due to the stated renovations, but the age of the building and lack of visual evidence for the most critical updated areas keep it from an 'Excellent' rating.
Pros & Cons

Pros

Immediate Income & Investment Potential: Delivered with a current tenant paying full market rent ($2,695/month), offering instant cash flow and long-term growth opportunity for investors.
Extensive Community Amenities: Boasts a wide array of HOA-included amenities such as pool, spa, sauna, tennis courts, gym, clubhouse, and 24/7 security, enhancing lifestyle and property value.
Recently Remodeled Interior: Features a fully remodeled kitchen with new appliances and updated bathrooms, providing a modern and move-in ready living space.
Prime Encino Location: Strategically located near the 101 Freeway and Ventura Blvd, offering convenient access to dining, shopping, and entertainment, with a private community position away from freeway noise.
Functional & Convenient Layout: Thoughtfully designed with two bedrooms on opposite ends for privacy, easy-to-maintain tile flooring, ceiling fans, and proximity to laundry and elevator.

Cons

High Monthly HOA Dues: The substantial monthly association fee of $933.74 significantly impacts overall carrying costs and potential net income for investors.
Building Age: Constructed in 1971, the building is over 50 years old, which may lead to concerns about aging infrastructure and potential for future special assessments despite current HOA coverage.
Tenant Occupancy for Owner-Occupants: While ideal for investors, the existing tenant in place means the property is not immediately available for owner-occupancy, potentially limiting the buyer pool.

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