RealKey
‪(213) 433-7766‬

5701 Wish Avenue, Encino, California 91316, Encino, 91316 - 5 bed, 4 bath

5701 Wish Avenue, Encino, California 91316 home-pic-0
ACTIVE UNDER CONTRACT$1,475,000
5701 Wish Avenue, Encino, California 91316
5Beds
4Baths
2,341Sqft
5,999Lot

Price Vs. Estimate

The estimated value ($1,499,000) is $24,000 (1%) lower than the list price ($1,475,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Flexibility: The property includes a complete attached Guest Studio/ADU with a private entrance, kitchenette, and full bathroom, offering excellent flexibility for rental income, extended family, or guests.
Top Cons:
Original Construction Age: Built in 1955, despite extensive updates, the underlying structure and potentially some original systems (e.g., plumbing, electrical, HVAC not explicitly mentioned as updated) may require future consideration or maintenance compared to newer constructions.

Compared to the nearby listings

Price:$1.48M vs avg $1.47M (+$10,000)51%
Size:2,341 sqft vs avg 2,250 sqft57%
Price/sqft:$630 vs avg $74318%

More Insights

Built in 1955 (70 years old).
Condition: This property, despite being built in 1955, has undergone an extensive and high-quality renovation, making it virtually new in its current presentation. The description explicitly states 'beautifully updated home,' '4 stylishly updated bathrooms with new vanities,' and a 'modern eat-in kitchen showcases sleek quartz countertops, a central island with cooktop, stainless steel appliances.' The images confirm these updates, showing contemporary gray shaker cabinets, stainless steel appliances, modern light fixtures, real red oak hardwood floors throughout, and updated bathrooms with modern vanities and tiling. The property is described as 'move-in ready and turnkey,' indicating no deferred maintenance. The addition of a complete attached Guest Studio/ADU also reflects a recent, high-value enhancement. While the original construction year is older, the comprehensive and modern updates bring the property's condition to an excellent standard, meeting current quality expectations.
Year Built
1955
Close
-
List price
$1.48M
Original List price
$1.5M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
SR25235692
Home ConditionExcellent
Features
Pool
Patio
ViewPool

About this home

Welcome to this stunning Encino Village residence! This beautifully updated home features 4 bedrooms plus a complete attached Guest Studio/ADU (converted garage with a private entrance, kitchenette, and full bathroom) — offering incredible flexibility for extended family, guests, or rental income. Enjoy 4 stylishly updated bathrooms with new vanities, a bright open floor plan, and real red oak hardwood floors complemented by elegant crown molding. The spacious living and family rooms boast high ceilings and a cozy Fireplace, creating the perfect setting for both relaxation and entertaining. The modern eat-in kitchen showcases sleek quartz countertops, a central island with cooktop, stainless steel appliances, and a welcoming dining area overlooking the private patio and heated pool — perfect for indoor-outdoor California living. Located in the highly sought-after Encino Village neighborhood, within the boundaries of award-winning Encino Charter Elementary School, this home offers prime access to the 101 and 405 freeways, local parks, tennis courts, bike paths, the Encino Community Center, and Balboa Park & Golf Course. Move-in ready and turnkey — this home truly has it all!

Condition Rating
Excellent
This property, despite being built in 1955, has undergone an extensive and high-quality renovation, making it virtually new in its current presentation. The description explicitly states 'beautifully updated home,' '4 stylishly updated bathrooms with new vanities,' and a 'modern eat-in kitchen showcases sleek quartz countertops, a central island with cooktop, stainless steel appliances.' The images confirm these updates, showing contemporary gray shaker cabinets, stainless steel appliances, modern light fixtures, real red oak hardwood floors throughout, and updated bathrooms with modern vanities and tiling. The property is described as 'move-in ready and turnkey,' indicating no deferred maintenance. The addition of a complete attached Guest Studio/ADU also reflects a recent, high-value enhancement. While the original construction year is older, the comprehensive and modern updates bring the property's condition to an excellent standard, meeting current quality expectations.
Pros & Cons

Pros

Income Potential & Flexibility: The property includes a complete attached Guest Studio/ADU with a private entrance, kitchenette, and full bathroom, offering excellent flexibility for rental income, extended family, or guests.
Prime Location & School District: Located in the highly sought-after Encino Village neighborhood, within the boundaries of the award-winning Encino Charter Elementary School, and offers prime access to major freeways and local amenities.
Extensively Updated & Turnkey: The home is beautifully updated throughout, featuring modern kitchen with quartz countertops and stainless steel appliances, stylishly updated bathrooms, and is described as 'move-in ready and turnkey'.
Private Outdoor Oasis: Features a private patio and a heated pool, creating an ideal setting for indoor-outdoor California living and entertaining.
Modern Interior Features: Boasts a bright open floor plan, real red oak hardwood floors, elegant crown molding, high ceilings, and a cozy fireplace, enhancing its aesthetic appeal and comfort.

Cons

Original Construction Age: Built in 1955, despite extensive updates, the underlying structure and potentially some original systems (e.g., plumbing, electrical, HVAC not explicitly mentioned as updated) may require future consideration or maintenance compared to newer constructions.
Modest Lot Size: With a lot size of 5,999 sqft, it is relatively modest for a 5-bedroom home with a pool in Encino, potentially limiting expansive yard space beyond the existing amenities.
Recent Price Adjustment: The property has undergone a recent price reduction from $1,499,000 to $1,475,000, which could indicate initial overpricing or a need to stimulate buyer interest in the current market.

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