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18063 Burbank Boulevard, Encino, California 91316, Encino, 91316 - 4 bed, 3 bath

18063 Burbank Boulevard, Encino, California 91316 home-pic-0
ACTIVE$1,099,000
18063 Burbank Boulevard, Encino, California 91316
4Beds
3Baths
2,498Sqft
6,649Lot

Price Vs. Estimate

The estimated value ($690,989.2) is $408,010.8 (37%) lower than the list price ($1,099,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income & ADU Potential: Explicitly designed for multi-unit conversion (2-unit, ADU, rental suite) with separate access and kitchen connections, offering significant income generation or flexible living arrangements.
Top Cons:
Significant Price Discrepancy: The current listing price is substantially higher than the property's estimated value, suggesting a potential overvaluation or a need for further price adjustment to align with market comparables.

Compared to the nearby listings

Price:$1.10M vs avg $1.45M ($-351,000)23%
Size:2,498 sqft vs avg 2,250 sqft59%
Price/sqft:$440 vs avg $7434%

More Insights

Built in 1949 (76 years old).
Condition: The property, built in 1949, benefits from significant recent updates including a new roof (2024), brand-new flooring throughout, and two new air conditioning units, making it largely move-in ready. The main living areas and bedrooms appear fresh and well-maintained with modern light fixtures. However, the kitchen features older-style wood cabinets, laminate countertops, and tile flooring, and the main bathroom has dated tiles and a basic pedestal sink, suggesting these areas were last updated 15-30 years ago and are not contemporary. While functional, they would benefit from aesthetic upgrades to meet modern standards. The major system updates and overall clean condition elevate it beyond 'Fair', despite the dated kitchen and bathroom aesthetics.
Year Built
1949
Close
-
List price
$1.1M
Original List price
$1.4M
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
25521637
Home ConditionGood
Features
View-

About this home

Exciting INVESTMENT OPPORTUNITY to have a 2-unit property and add a second story! This updated nearly 2,500 square feet 4-bedroom, 2.5-bathroom home is ideally situated in Encino Village. The layout and separate access make it a strong candidate for a rental suite, guest house, or multigenerational living setup perfect for creating a high-demand ADU or duplex-style configuration. Featuring brand-new flooring, this spacious residence blends modern comfort with exceptional versatility. The main house has 3 bedrooms and 1.5 bath with room to add a shower in the powder room to make it a second bathroom. Main house layout perfect for families, featuring a generous living area with a brick fireplace, large bedrooms, bright, open kitchen with a breakfast nook. The permitted addition can be converted into a second unit. The addition already has kitchen connections to set up a kitchen. Whether you're considering a rental suite, guest quarters, or a multigenerational living setup, this home provides the flexibility to make it happen. The home's super convenient back alley entrance offers added privacy and convenience plus, it opens the door to exciting possibilities! The property has 2 air conditioning units for the front part of the house and the back and a new roof was installed in 2024. Don't miss your chance to own this rare find in one of Encino's most desirable neighborhoods close to top schools, shops, and dining.

Condition Rating
Good
The property, built in 1949, benefits from significant recent updates including a new roof (2024), brand-new flooring throughout, and two new air conditioning units, making it largely move-in ready. The main living areas and bedrooms appear fresh and well-maintained with modern light fixtures. However, the kitchen features older-style wood cabinets, laminate countertops, and tile flooring, and the main bathroom has dated tiles and a basic pedestal sink, suggesting these areas were last updated 15-30 years ago and are not contemporary. While functional, they would benefit from aesthetic upgrades to meet modern standards. The major system updates and overall clean condition elevate it beyond 'Fair', despite the dated kitchen and bathroom aesthetics.
Pros & Cons

Pros

Income & ADU Potential: Explicitly designed for multi-unit conversion (2-unit, ADU, rental suite) with separate access and kitchen connections, offering significant income generation or flexible living arrangements.
Recent Major Upgrades: Features a new roof (2024), brand-new flooring, and two air conditioning units, reducing immediate capital expenditures for a new owner.
Prime Encino Location: Situated in 'Encino Village,' a desirable neighborhood with proximity to top schools, shops, and dining, enhancing lifestyle and property value.
Spacious & Versatile Floor Plan: Nearly 2,500 sq ft with 4 bedrooms and 2.5 baths, offering a family-friendly layout and the flexibility to adapt to various living needs.
Private Alley Access: A convenient back alley entrance provides enhanced privacy and logistical benefits, especially for potential separate units or additional parking.

Cons

Significant Price Discrepancy: The current listing price is substantially higher than the property's estimated value, suggesting a potential overvaluation or a need for further price adjustment to align with market comparables.
Extended Market Presence & Price Reductions: A notable price reduction from the original list price and an extended time on market may indicate challenges in attracting buyers or an initial overpricing strategy.
Incomplete Bathroom in Main House: The main house currently features a 1.5-bath configuration for 3 bedrooms, requiring additional investment to convert the powder room into a full second bathroom for optimal functionality.

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