16541 Bosque Drive, Encino, California 91436, Encino, 91436 - 3 bed, 2 bath
ACTIVE$1,995,000
16541 Bosque Drive, Encino, California 91436
3Beds
2Baths
2,098Sqft
11,805Lot
Year Built
1955
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$951
HOA
-
Days on market
-
Sold On
-
MLS number
SR25186382
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(39th), sqft - 2098(18th), beds - 3(28th), baths - 2(10th).
Development opportunity in prime Encino area, south of Ventura Blvd. RTI plans to build approx. 5,700 sqft home and ADU with pool/spa. Seller may be open to carry financing for the purchase
Nearby schools
8/10
Lanai Road Elementary School
Public,•K-5•0.2mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.5mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.6mi
5/10
Lemay Street Elementary School
Public,•K-5•3.4mi
6/10
Newcastle Elementary School
Public,•K-5•3.5mi
6/10
Lemay Street Elementary School
Public,•K-5•3.5mi
5/10
Brentwood Science School
Public,•K-5•6.7mi
2/10
Van Nuys Middle School
Public,•6-8•2.9mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.1mi
5/10
William Mulholland Middle School
Public,•6-8•3.1mi
3/10
William Mulholland Middle School
Public,•6-8•3.4mi
4/10
Reseda Senior High School
Public,•9-12•3.7mi
6/10
Van Nuys Senior High School
Public,•9-12•3.7mi
6/10
University Senior High School
Public,•9-12•7.2mi
6/10
University Senior High School Charter
Public,•9-12•7.2mi
Price History
Date
Event
Price
08/18/25
Listing
$1,995,000
Condition Rating
Tear down
The property was built in 1955, making it 69 years old. The listing description explicitly states it is a 'Development opportunity' with 'RTI plans to build approx. 5,700 sqft home and ADU with pool/spa.' This strongly indicates that the value of the property lies in the land and its potential for new construction, rather than the existing structure. The lack of interior images, combined with the visible exterior (cracked driveway, overgrown landscaping), further supports the assessment that the current structure is considered beyond repair or not worth preserving, aligning with the 'tear-down' criteria where the structure is beyond repair and the property's value is based solely on the land.
Pros & Cons
Pros
Development Potential: This property is explicitly marketed as a prime development opportunity in a highly desirable Encino location, south of Ventura Blvd.
Expedited Development: The availability of Ready-to-Issue (RTI) plans for a substantial 5,700 sqft home and ADU with pool/spa significantly de-risks and accelerates the development process.
Financial Flexibility: The seller's willingness to consider carrying financing for the purchase offers a unique and attractive financial advantage for potential developers.
Premium Location: Situated in a prime Encino area, south of Ventura Blvd, known for its desirability, strong property values, and access to amenities.
Ample Lot Size: The generous 11,805 sqft lot provides ample space for the planned large new construction, ADU, and recreational amenities like a pool/spa.
Cons
Existing Structure: The 1955-built, 2,098 sqft existing home is likely a tear-down, incurring demolition costs and offering little intrinsic value for a buyer focused on new construction.
Property Features: The property lacks scenic views, which could be a drawback for buyers in this desirable hillside area where views often command a premium.
Pricing: The nearly $2 million list price is high for the existing 1955 structure, potentially limiting interest to only those specifically seeking a development project with RTI plans.