
Encino, California 91316
This Designer-Updated Condominium is a High-Potential Investment Opportunity, listed at $450,000—positioned well below the $561,678 Fair Market Value by 19%. This valuation gap offers $111,678 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the residence boasts a Granite Kitchen, soaring vaulted ceilings, and a private balcony with Courtyard Views. With resort-style amenities including a Pool and Sun Deck, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate value in Encino.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5500 Lindley Avenue 217 Subject | $450,000* List Price | 3 | 2 | 1,644 | $342 | - |
A 5447 Zelzah Avenue 110 Sold | $450,000 | 2 | 3 | 1,285 | $350 | 0.2 mi |
B 5400 Newcastle Avenue 66 Sold | $329,000 | 2 | 2 | 999 | $329 | 0.2 mi |
C 5429 Newcastle 204 Sold | $385,000 | 2 | 2 | 1,092 | $353 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is described as designer-updated with granite countertops and stainless steel appliances, indicating a renovation likely within the 5-15 year range. While the building was constructed in 1979, the interior features like vaulted ceilings and updated kitchen/baths make it move-in ready and well-maintained.
Spanning 1,644 square feet with only one shared wall and soaring vaulted ceilings, this residence offers the privacy and scale typically found in a single-family home.
The interior features high-end finishes including granite countertops, stainless steel appliances, and a luxurious primary suite complete with its own fireplace.
Listed at $450,000 for a three-bedroom in a prime Encino location, the property presents a highly competitive price-per-square-foot compared to market averages.
The monthly HOA fee of $888.33 is significantly high, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Constructed in 1979, the aging infrastructure of the complex may necessitate ongoing maintenance or future capital improvements common with older developments.
Designer-updated and ideally positioned in one of the most desirable locations within the community, this private corner residence offers the comfort and feel of a single-family home with only one shared wall. Spanning approximately 1,644 square feet, the light-filled floor plan is enhanced by soaring vaulted ceilings, expansive living spaces, and an effortless flow throughout. The beautifully appointed kitchen features granite countertops, stainless steel appliances, and ample cabinetry, while the spacious living room and formal dining area create an inviting setting for both everyday living and entertaining. A separate breakfast room offers exceptional versatility and can easily function as a home office, reading nook, or flex space. The generous primary suite serves as a private retreat, complete with its own fireplace, abundant closet space, and an en-suite bath. Two additional bedrooms are well-sized and share a spacious secondary bathroom. An in-unit laundry area adds convenience, while a large private balcony with open views provides the perfect place to relax and unwind. Residents enjoy a host of community amenities including controlled access entry, elevator access, a sparkling pool, sun deck, and secure gated parking. Combining privacy, space, and resort-style amenities, this exceptional residence offers an outstanding opportunity to enjoy comfortable living in a highly sought-after setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,644 | 1,517 |
| Lot Size | 40,506 | 156,600 |
| Price | $450.0K | $494.0K |
| Price per sq ft | $274 | $391 |
| Built year | 1979 | 1973 |
| HOA | $888.33 | $709 |
| Days on market | 14 | 80 |
Jul 8, 2026
$450,000
Initial Listing
Mar 7, 2016
$400,000
Public Record
Aug 3, 2005
$440,000
Public Record