5924 Lindley Avenue, Encino, California 91316, Encino, 91316 - 2 bed, 1 bath
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Encino, California 91316
This Encino Value-Add Asset is a High-Potential Investment Opportunity with a List Price of $749,000, representing a stable entry point near its $734,690 Fair Market Value. Marketed with a Condition Rating of 5, this 1949-built residence requires a comprehensive renovation to realize its full appreciation potential. The generous 6,122 sqft lot provides a significant footprint for ADU or Junior ADU development, maximizing ROI in a high-demand rental corridor. This project is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors seeking long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5924 Lindley Avenue Subject | $825,000 | 2 | 1 | 1,178 | $624 | - |
A 18049 Burbank Boulevard Sold | $825,000 | 3 | 2 | 1,269 | $650 | 0.4 mi |
B 17526 Miranda Street Sold | $855,000 | 2 | 1 | 1,053 | $812 | 0.7 mi |
C 5724 Bianca Avenue Sold | $920,000 | 3 | 2 | 1,275 | $722 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 (75 years old) with no evidence of recent renovations, this property is explicitly marketed as a 'value-add opportunity' for builders and investors. The exterior shows signs of deferred maintenance including peeling paint and dated roof-mounted HVAC, while the listing's focus on 'reimagining' the space and ADU potential confirms it requires a full rehab rather than minor updates.
The generous 6,122 sqft lot offers significant upside for expansion, specifically suited for an ADU or Junior ADU to maximize the property's utility and value.
Situated in a highly desirable neighborhood, the property provides excellent proximity to major freeways, shopping, grocery stores, and houses of worship.
Priced competitively for the Encino market, this listing represents a rare entry-level opportunity for investors or owner-users looking to build long-term equity.
The property is marketed as a value-add opportunity with dated visuals, indicating a need for substantial modernization and capital investment.
With only 2 bedrooms and 1 bathroom in a 1,178 sqft layout, the current configuration is undersized for many modern families without a costly expansion.
Excellent value-add opportunity in a prime Encino location. This home sits on a generous lot (large backyard!) offering great potential for expansion, ideal for an ADU, junior ADU, or additional living space (buyers to verify). The property is ready for your vision...you can update it, expand on it, or reimagine it to suit your specific needs. Priced to sell quickly, this is a rare chance for investors, builders, or owner-users looking to create long-term value. Centrally located with convenient access to transportation, shopping, grocery stores, houses of worship, and nearby freeway access. Opportunities like this, with size, location, and upside, are increasingly hard to find. Blink and you'll miss it! Properties with this kind of potential and pricing do not last. Photos were taken previously and, while dated, remain generally representative of the property’s current visual condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 1.0 | 4.0 | 14% |
| Square foot | 1,178 | 2,440 | 17% |
| Lot Size | 6,122 | 6,749.5 | 46% |
| Price | $825.0K | $1.84M | 4% |
| Price per sq ft | $700 | $746 | 36% |
| Built year | 1949 | 1955 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 155 | 6% |
Apr 24, 2026
$749,000
Initial Listing
Nov 27, 1996
$95,000
Public Record