5427 Genesta Avenue, Encino, California 91316, Encino, 91316 - 6 bed, 7 bath

5427 Genesta Avenue, Encino, California 91316 home-pic-0
ACTIVE$3,920,000
5427 Genesta Avenue, Encino, California 91316
6Beds
7Baths
6,110Sqft
15,197Lot
Year Built
1956
Close
-
List price
$3.92M
Original List price
$4.3M
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
25488811
Home ConditionGood
Features
Good View: Pool, Trees/Woods
Pool
Patio
ViewPool, Trees/Woods

About this home

We found 2 Cons,3 Pros. Rank: price - $3.92M(86th), sqft - 6110(89th), beds - 6(89th), baths - 7(89th).

Located in prestigious Amestoy Estates, this Mediterranean-style estate, built in 2008, exudes luxury and craftsmanship. The grand entry reveals a light-filled home with soaring ceilings, exposed beams, crown molding, and a blend of stone and distressed wood flooring. At its heart lies a chef's kitchen with high-end appliances, a spacious island, built-in wine storage, and custom cabinetry. The home features 6 en-suite bedrooms, 7 bathrooms, and a primary suite with dual walk-in closets and a spa-inspired bath. A large family room with a fireplace and balcony enhances the living space. The entertainer's backyard boasts a sparkling pool, covered patio, and lush lawn, perfect for gatherings or relaxation. Situated in Encino, south of the boulevard, this estate offers elegance and modern comfort."Exceptional investment opportunity! This property boasts incredible cash flow potential, with the owner estimating an annual income of $800,000. It includes a rehab license (available for purchase separately), allowing you to start your projects immediately and generate income right away. Don't miss out on this chance to maximize your returns!

Condition Rating
Good

The property was built in 2008, which is within the 10-20 year range for a 'good' rating. The description highlights a chef's kitchen with high-end appliances, custom cabinetry, and spa-inspired bathrooms, suggesting well-maintained and updated features. The images confirm the high-quality finishes and modern design. While not brand new, the property appears to be in excellent condition and move-in ready.
Pros & Cons

Pros

Luxury Finishes: The property features high-end finishes throughout, including a chef's kitchen with top-of-the-line appliances, custom cabinetry, and stone/wood flooring, appealing to discerning buyers.
Entertainer's Backyard: The backyard is designed for entertaining with a sparkling pool, covered patio, and lush lawn, creating an ideal space for gatherings and relaxation.
Investment Potential: The property offers significant cash flow potential, with the owner estimating a substantial annual income, making it an attractive investment opportunity.

Cons

Price Reduction: The property has experienced a price reduction from its original list price, which may indicate challenges in the current market or perceived overpricing initially.
Year Built: While renovated in 2008, the original build year of 1956 might deter some buyers looking for a completely new construction home.

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