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

18063 Burbank Boulevard, Encino, California 91316 home-pic-0
ACTIVE$1,199,000
18063 Burbank Boulevard, Encino, California 91316
0Bed
0Bath
2,498Sqft
6,649Lot
Year Built
1949
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
SR25167331
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(33th), sqft - 2498(59th), beds - undefined(1th), baths - undefined(1th).

Incredible SB9 Investment Opportunity in Encino Park! Plans have already been submitted to the city to transform this remodeled property into a 3-unit income-producing asset—all within the existing square footage, so no new construction is needed to get started. Located on a prime corner lot, this spacious 4-bedroom, 2.5-bathroom home offers approximately 2,500 square feet of living space and exceptional privacy, making it perfect for a multi-unit setup or multigenerational household. The submitted plans propose creating a 2-bedroom ADU on the back left side of the home and a studio unit on the right, while configuring the main residence as a 3-bedroom, 1-bathroom unit with plans to add a second bathroom and in-unit laundry. Whether you’re looking for a spacious home with incredible value or an investment property with built-in income potential, this opportunity offers both. Even more exciting, once the two units are established, an additional unit can be added in place of the existing carport, allowing for the creation of a rare 4-unit property in the heart of desirable Encino Park. Ample parking with 3 off street spaces behind the home and 1 on the side in addition to street parking.

Condition Rating
Fair

The property was built in 1949. While the interior appears to have been updated with new flooring and paint, the kitchen and bathrooms show their age. The kitchen features older cabinets and appliances. The bathroom has dated tile and fixtures. Overall, the property is aged but maintained with some updates.
Pros & Cons

Pros

SB9 Investment Opportunity: The property presents a unique SB9 investment opportunity with submitted plans for a 3-unit conversion, maximizing income potential.
Prime Corner Lot: Located on a desirable corner lot in Encino Park, offering increased visibility and potential for future development.
Existing Square Footage Conversion: The conversion to multiple units can be achieved within the existing square footage, reducing construction costs and time.
Multi-Generational Living Potential: The current layout and proposed plans make it suitable for multi-generational living or renting out individual units.
Ample Parking: The property offers ample parking with a combination of off-street spaces and street parking, a valuable asset in this area.

Cons

1949 Build Year: The property was built in 1949, which may require updates to meet modern standards and preferences.
Potential Renovation Costs: While plans are submitted, the actual cost of converting the property into multiple units could be higher than anticipated.
Carport Conversion: Adding a fourth unit by converting the carport will require additional permits and construction, adding to the overall project timeline and expense.

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