5834 Balcom Avenue, Encino, California 91316, Encino, 91316 - 2 bed, 1 bath
ACTIVE$849,950
5834 Balcom Avenue, Encino, California 91316
2Beds
1Bath
781Sqft
5,624Lot
Price Vs. Estimate
The estimated value ($722,887.06) is $127,062.94 (14%) lower than the list price ($849,950). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Encino Location: The property is situated in Encino, a highly sought-after and desirable neighborhood in California, known for its amenities and lifestyle.
Top Cons:
Extensive Renovation Required: The property is explicitly described as needing 'TLC and updating' and 'some work,' indicating a significant financial and time investment for renovation.
Compared to the nearby listings
Price:$850.0K vs avg $1.45M ($-600,050)6%
Size:781 sqft vs avg 2,192 sqft5%
Price/sqft:$1.1K vs avg $74596%
More Insights
Built in 1949 (76 years old).
Condition: The property, built in 1949, is explicitly described as a 'fixer-upper investment opportunity' that 'Needs TLC and needs updating' and 'Needs some work.' This indicates that substantial repairs and rehabilitation are required throughout the home, including likely outdated kitchen and bathroom features, appliances, and major systems, aligning with the 'Poor' condition criteria. The single exterior image does not contradict this assessment.
Year Built
1949
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$1,088
HOA
-
Days on market
-
Sold On
-
MLS number
225002231
Home ConditionPoor
Features
View-
About this home
Welcome home to Balcom Avenue in Encino California. Single story, 2 bedroom, 1 bathroom home. This home is a fixer fixer-upper investment opportunity. Fixer upper ready for your investors flip and flippers to take to the next level. Needs TLC and needs updating. Needs some work.
Condition Rating
Poor
The property, built in 1949, is explicitly described as a 'fixer-upper investment opportunity' that 'Needs TLC and needs updating' and 'Needs some work.' This indicates that substantial repairs and rehabilitation are required throughout the home, including likely outdated kitchen and bathroom features, appliances, and major systems, aligning with the 'Poor' condition criteria. The single exterior image does not contradict this assessment.
Pros & Cons
Pros
Prime Encino Location: The property is situated in Encino, a highly sought-after and desirable neighborhood in California, known for its amenities and lifestyle.
Significant Investment Potential: Explicitly marketed as a 'fixer-upper investment opportunity,' it appeals directly to investors and flippers looking for value-add projects.
Generous Lot Size: With a 5,624 sqft lot, there's ample space for potential expansion, landscaping, or adding outdoor living features.
Single-Story Layout: The single-story design offers broad appeal, particularly to those seeking accessibility or a simpler living arrangement.
Established Neighborhood: Being built in 1949, the property is part of an established community, often implying mature trees, stable property values, and a sense of permanence.
Cons
Extensive Renovation Required: The property is explicitly described as needing 'TLC and updating' and 'some work,' indicating a significant financial and time investment for renovation.
Overpriced Relative to Condition: The current list price of $849,950 is considerably higher than the estimated value of $722,887.06 and comparable fixer-upper sales in the area, suggesting it may be overpriced for its current condition.
Small Living Space: At 781 sqft, the home offers limited interior living space, which might not meet the needs of all potential buyers or families.