5808 Ostrom Avenue, Encino, California 91316, Encino, 91316 - 3 bed, 3 bath

5808 Ostrom Avenue, Encino, California 91316 home-pic-0
ACTIVE$1,699,000
5808 Ostrom Avenue, Encino, California 91316
3Beds
3Baths
1,620Sqft
6,001Lot

Price Vs. Estimate

The estimated value ($1,029,614.455) is $669,385.545 (39%) lower than the list price ($1,699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property boasts a fully renovated interior with soaring vaulted ceilings, new flooring, and brand-new systems including an updated electrical panel, HVAC with NEST, and a new roof, offering a turn-key modern living experience.
Top Cons:
Aggressive Pricing Strategy: The current list price of $1.699M is significantly above the estimated market value ($1.03M) and recent comparable sales in the immediate vicinity, potentially limiting buyer interest and requiring a price adjustment.

Compared to the nearby listings

Price:$1.70M vs avg $1.47M (+$234,000)59%
Size:1,620 sqft vs avg 2,192 sqft34%
Price/sqft:$1.0K vs avg $74592%

More Insights

Built in 1956 (69 years old).
Condition: This property has undergone a full and extensive renovation, transforming it into a virtually new home. The description highlights a 'fully renovated interior' with 'brand-new systems' including an updated electrical panel, new HVAC, and a new roof. The kitchen is a 'chef's dream' with a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end Jenn-Air stainless-steel appliances. The primary suite features a 'resort-style outdoor shower and a top-of-the-line Sundance spa,' indicating modern, high-quality bathroom finishes. Stylish new flooring and recessed lighting are present throughout. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1956
Close
-
List price
$1.7M
Original List price
$1.5M
Price/Sqft
$1,049
HOA
-
Days on market
-
Sold On
-
MLS number
25497891
Home ConditionExcellent
Features
Deck
Spa
Patio
View-

About this home

This beautifully updated 3-bedroom, 2.5-bath home exemplifies true pride of ownership, featuring thoughtful, owner-designed upgrades that harmoniously blend modern style with everyday comfort in one of Encino's most desirable neighborhoods. The fully renovated interior boasts soaring vaulted ceilings, stylish new flooring, and brand-new systems, including an updated 240-volt electrical panel, recessed lighting, and a new HVAC system with a NEST thermostat. The open-concept kitchen is a chef's dream, featuring a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end stainless-steel appliances, including a Jenn-Air stove. Adjacent to the kitchen, a dining room with a newly installed custom bar and a living room open to the backyard for seamless indoor-outdoor living. The primary suite offers a private retreat, with sliding doors that lead to a resort-style outdoor shower and a top-of-the-line Sundance spa--your own personal oasis for relaxation and luxury. Step outside into an entertainer's dream yard, complete with Ipe deck flooring, a covered patio featuring recessed lighting, a ceiling fan, a built-in BBQ, and elegant new tile--perfect for hosting gatherings or unwinding under the stars. The home also features a new roof, a Tesla charger, and a garage outfitted with ample custom storage to meet all your needs. Located near Lake Balboa Park, the Orange Line Metro, Sepulveda Basin Sports Complex, and an off-leash dog park, this home is also within walking distance of the award-winning Encino Charter Elementary School. With a resort-like backyard, every detail lovingly designed and upgraded, and top-of-the-line features throughout, this home is a rare gem ready to welcome you! Seller is also open to leasing the property.

Condition Rating
Excellent

This property has undergone a full and extensive renovation, transforming it into a virtually new home. The description highlights a 'fully renovated interior' with 'brand-new systems' including an updated electrical panel, new HVAC, and a new roof. The kitchen is a 'chef's dream' with a large island, quartz countertops, soft-close cabinetry, a farmhouse sink, and high-end Jenn-Air stainless-steel appliances. The primary suite features a 'resort-style outdoor shower and a top-of-the-line Sundance spa,' indicating modern, high-quality bathroom finishes. Stylish new flooring and recessed lighting are present throughout. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Modern Renovation: The property boasts a fully renovated interior with soaring vaulted ceilings, new flooring, and brand-new systems including an updated electrical panel, HVAC with NEST, and a new roof, offering a turn-key modern living experience.
Gourmet Chef's Kitchen: Features a high-end, open-concept kitchen with a large island, quartz countertops, soft-close cabinetry, farmhouse sink, and premium Jenn-Air stainless-steel appliances, ideal for entertaining.
Luxurious Outdoor Living & Primary Suite: The primary suite includes a private outdoor shower and Sundance spa, complemented by an 'entertainer's dream yard' with Ipe deck, covered patio, and built-in BBQ, creating a resort-like oasis.
Prime Encino Location: Situated in a highly desirable Encino neighborhood, offering proximity to Lake Balboa Park, public transport (Orange Line Metro), sports complexes, and within walking distance to the award-winning Encino Charter Elementary School.
Modern Conveniences & Upgrades: Equipped with practical, high-value additions such as a Tesla charger and a garage with ample custom storage, enhancing daily convenience and appeal for modern buyers.

Cons

Aggressive Pricing Strategy: The current list price of $1.699M is significantly above the estimated market value ($1.03M) and recent comparable sales in the immediate vicinity, potentially limiting buyer interest and requiring a price adjustment.
Limited Square Footage for Price: At 1620 sqft, the home offers relatively modest living space for its elevated price point in the Encino market, where some comparable properties with more square footage or bedrooms sold for less.
Age of Original Structure: Despite extensive renovations, the 1956 original build year might raise questions for some buyers regarding the underlying infrastructure or potential for unforeseen issues not addressed by cosmetic and system updates.

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