17917 Burbank, Encino, California 91316, Encino, 91316 - 2 bed, 1 bath
ACTIVE$895,000
17917 Burbank, Encino, California 91316
2Beds
1Bath
781Sqft
6,000Lot
Year Built
1949
Close
-
List price
$895K
Original List price
$995K
Price/Sqft
$1,146
HOA
-
Days on market
-
Sold On
-
MLS number
SR25258057
Home ConditionTear down
Features
Good View: Valley
ViewValley
About this home
Possibly Over-Priced:The estimated price is 9% below the list price. We found 4 Cons,5 Pros. Rank: price - $895.0K(11th), sqft - 781(5th), beds - 2(13th), baths - 1(12th).
Calling all investors, flippers, and visionaries! Fully RTI and shovel-ready for a new 2,800+ SF main home plus an 800+ SF ADU — an incredible opportunity for redevelopment! The existing 2-bedroom, 1-bath home is a true diamond in the rough, sitting on a spacious flat lot with alley access and rear parking. Huge potential to transform or rebuild in a neighborhood seeing tremendous growth, surrounded by new developments, shops, and restaurants.
Price History
Date
Event
Price
12/11/25
Price Change
$895,000-10.1%
11/11/25
Listing
$995,000
08/06/25
Sold
$650,000
Condition Rating
Tear down
The property, built in 1949, is explicitly marketed as 'fully RTI and shovel-ready for a new 2,800+ SF main home plus an 800+ SF ADU,' indicating the existing structure is intended for demolition. The images show a severely dilapidated exterior with peeling paint, old windows, an unkempt yard, and general disrepair, consistent with a property that is unlivable and whose value lies solely in the land and redevelopment potential. The listing itself describes it as a 'diamond in the rough' and notes it will 'likely require demolition or extensive, costly renovation.'
Pros & Cons
Pros
Approved Redevelopment Plans: The property is fully RTI (Ready To Issue) and shovel-ready for a new 2,800+ SF main home plus an 800+ SF ADU, significantly de-risking the development process for investors.
ADU Value-Add Potential: Inclusion of an 800+ SF ADU in the approved plans offers excellent potential for rental income, multi-generational living, or increased property value upon completion.
Strategic Location & Growth: Located in a rapidly developing Encino neighborhood, surrounded by new developments, shops, and restaurants, indicating strong future appreciation and desirability.
Developer-Friendly Lot: Features a spacious, flat 6,000 sqft lot with convenient alley access and rear parking, ideal for construction and maximizing usable space for the new development.
Targeted Investment Opportunity: Explicitly marketed to investors, flippers, and visionaries, highlighting its clear potential for significant returns through a well-defined redevelopment project.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-08-06. The sold price is $650,000.00.
Existing Structure Condition: The current 1949-built, 781 sqft home is described as a 'diamond in the rough,' implying it is not move-in ready and will likely require demolition or extensive, costly renovation.
Substantial Capital Investment Required: Beyond the purchase price, the property demands significant additional capital and time investment for the construction of the new main home and ADU.
Recent Price Reduction: The listing price was recently reduced from $995,000 to $895,000, which could suggest initial overpricing or a challenge in attracting buyers at the higher price point.