
Encino, California 91316
This property presents a High-Potential Investment Opportunity with a List Price of $1,195,000—positioned well below the $1,216,115 Fair Market Value by 1.7%. This valuation gap offers $21,115 in Instant Equity for buyers ready to execute the approved expansion plans. Currently in a Condition Rating of 5, the home requires significant rehab to complete the transition to a 5-bedroom, 4-bathroom residence. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to customize a prime Encino asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5776 Hesperia Avenue Subject | $1,195,000* List Price | 5 | 4 | 2,347 | $518 | - |
A 5052 Newcastle Sold | $1,200,000 | 3 | 2 | 2,079 | $577 | 1.0 mi |
B 17446 Tiara Street Active | $1,195,000 List Price | 5 | 4 | 2,252 | $531 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949, this property is currently an active construction site in the beginning stages of a full renovation and expansion. While the visible updates to the bathroom and exterior are modern, the home is currently unlivable with missing fixtures, exposed plumbing/electrical, and requires significant rehab to complete the approved plans.
The property comes with ready-to-go approved plans to nearly double the square footage and convert the home into a 5-bedroom, 4-bathroom residence, saving the buyer significant time and permitting costs.
As the project is in the early stages of renovation, buyers have a unique opportunity to select their own finishes, including flooring, cabinetry, and countertops, to create a personalized dream home.
Situated in one of the San Fernando Valley's most prestigious neighborhoods, the home offers excellent proximity to top-rated schools, high-end dining, and popular shopping districts.
The property is currently uninhabitable and in the beginning stages of a full renovation, which may complicate traditional financing and requires a buyer ready to manage a construction timeline.
With a lot size of 5,511 square feet, the expanded 2,347 square foot floor plan will occupy a significant portion of the land, potentially leaving a smaller backyard area for a home of this size.
A rare opportunity in the heart of Encino to create your dream home! The existing home features 2 bedrooms, 2 bathrooms, and 1,314 square feet, with approved plans already in place to transform the property into a stunning 5-bedroom, 4-bathroom residence totaling approximately 2,347 square feet. Currently in the beginning stages of a full renovation, this property offers buyers a unique chance to personalize select finishes and design elements before construction is complete. Designed with modern living in mind, the expanded floor plan will feature an open-concept layout with seamless flow between the living, dining, and kitchen areas, creating an ideal space for both everyday living and entertaining. As construction progresses, buyers may have the opportunity to influence key design elements, including flooring, cabinetry, countertops, paint selections, fixtures, and other finishes, allowing them to bring their personal vision to life. Situated on a desirable Encino street, this property presents a rare chance to secure a home with approved expansion plans while customizing the final details to suit your lifestyle. Enjoy the benefits of a substantially renovated home in one of the San Fernando Valley's most sought-after neighborhoods, conveniently located near shopping, dining, parks, and top-rated schools. Don't miss this exceptional opportunity to be part of the transformation from the ground up and create a custom home tailored to your tastes in a prime Encino location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 4.0 | 5.0 |
| Square foot | 2,347 | 3,822 |
| Lot Size | 5,511 | 15,887 |
| Price | $1.20M | $2.45M |
| Price per sq ft | $509 | $778 |
| Built year | 1949 | 1976 |
| HOA | $0 | $504 |
| Days on market | 16 | 56 |
Jul 6, 2026
$1,195,000
Initial Listing
Oct 1, 2024
$1,050,000
Public Record
Aug 22, 2012
$475,000
Public Record