Attention prospective home buyers, sellers, and investors! A rare opportunity has presented itself in the vibrant community of Encino, California. The residence at 5151 Rubio Avenue is a freshly renovated modern marvel with so much to offer. With a highly competitive price point of $2,375,000, this is a listing that promises not to last long.
Key Features
- Listing ID: 23321133
- Price: $2,375,000
- Price/SqFt: $833.33
- Status: Active
- Bedrooms: 4
- Total Baths: 4
- Year Built: 1949, Renovated in 2021
- Property Type: Single Family Residence
- Acres: 0.189
- County: Los Angeles
Open House
Date: October 15th, 2023
Time: 1:00 pm to 4:00 pm
For more details or to request more information, click here.
Property Description
This two-story modern residence recently underwent an extensive renovation in 2021. It boasts 4 spacious bedrooms and 4 full baths, spreading across a generous 2,850 sq ft of living space. Sitting on a lot size of 8,250 sq ft, the property features not just one but two balconies, a lower and upper deck rooftop, and a pool and spa to boot. What truly sets this home apart are the breathtaking views.
The home has dual customized fireplaces, one in the family room and another in the primary suite. Speaking of the primary suite, it comes with a modern custom closet that leads into a luxurious bathroom with separate shower and tub areas. However, prospective buyers should note that the home requires some TLC.
Market Analysis & Comparable Sales
The property is competitively priced, with the asking price per sq ft being $833.33. Here are some recent sales in the area to give you an idea:
- 5244 Forbes Ave: Sold for $1,025,000 ($472.57 per sq ft)
- 16704 Addison St: Sold for $1,665,000 ($1192.69 per sq ft)
- 4955 Rubio Ave: Sold for $3,395,000 ($848.75 per sq ft)
Cautionary Notes
While the construction is relatively recent, the listing does call for some TLC. Potential buyers should consider thorough inspections, including specialized construction inspections. Issues related to permitting, title, deed, and financing should also be scrutinized carefully.
Ownership and Financial Backing
Interestingly, the property is listed under “Wells Fargo Sgsr Statutory Trust,” which suggests it may be part of a larger financial portfolio managed by Wells Fargo. Prospective buyers interested in this investment aspect might want to dig deeper into this matter.
Further Resources
Questions? Contact Us!
Corey Chambers, Broker
📱 213-880-9910 voice/text
📧 coreychambers@yahoo.com
🌐 CoreyChambers.com
DRE#01889449
P.S. Your Referrals Help The Kids! We are on a mission to raise $25,000 to help the extraordinary kids in need at Children’s Hospital Los Angeles. A portion of our income on every home sold goes toward this noble cause. Learn More.
The property promises to be a hit, so be sure to schedule your viewing or contact the listing agent as soon as possible. Thank you for considering this property, and we look forward to meeting you at the open house!
The Booming Encino Neighborhood: A Haven for Luxury and Comfort
Your Guide to Understanding the New Wave of Construction in Encino
Encino, a luxurious neighborhood in Los Angeles, has been experiencing an unprecedented wave of development that’s hard to ignore. Gone are the days of single-level, 1,800-square-foot homes; today, the area is teeming with opulent residences, each more elaborate than the next. This recent influx of large, newly-constructed homes points to the growing demand for expansive living spaces that offer modern amenities and a taste of luxury.
The Trend: Larger Homes with Luxurious Amenities
It’s evident from recently sold properties that the trend in Encino is leaning toward larger homes replete with premium features. A house on Rubio Ave, for instance, is a stunning example with its 1809 Sq. Ft. primary residence and an additional 360 Sq. Ft. guest house. It boasts hardwood floors throughout, custom cedar-lined closets, and a lush drought-resistant garden.
Another property in the area goes a step further by offering a chance to build a traditional modern farmhouse in a highly desirable neighborhood. The proposed plans include everything from a family room and formal dining room to a study room and a downstairs guest suite.
What’s Driving the Change?
Multiple factors contribute to Encino’s booming real estate market:
- Excellent School Districts: Homes in the area fall under the jurisdiction of highly-rated schools like Encino Charter Elementary, making it attractive for families.
- Prime Location: Encino is strategically located near key shopping centers like Gelson’s and Amazon Fresh, and also provides easy access to major freeways.
- Upscale Amenities: Buyers are looking for homes that offer more than just four walls and a roof. The trend toward including guest houses, home theaters, and state-of-the-art kitchens indicate a demand for a high-end lifestyle.
- Tech-Savvy Homes: Properties like the one on Rubio Ave, featuring Control-4 smart home automation systems, show a growing inclination towards integrating technology into everyday living.
Buyer’s Guide: What to Look Out For
The ongoing construction boom does warrant caution. With new construction comes the need for meticulous inspections, not only for build quality but also for legality. Permits, zoning, and title deeds are all elements that should be carefully scrutinized. A thorough general and special construction inspection is highly recommended.
A Neighborhood Transformed
There’s no denying that Encino is going through a transformation. From homes that offer a balance of modern luxury and comfort to tech-enabled living spaces, the real estate market here is buzzing with potential. For those looking to invest or find their forever home, Encino offers not just a place to live, but a lifestyle to experience.
For more listings in Encino, you can visit:
For any queries or to get more information on properties that catch your eye, feel free to reach out at 213-880-9910 or email coreychambers@yahoo.com.
Corey Chambers, Your Real Estate Broker
P.S. Your Referrals Help The Kids! We’re on a mission to raise $25,000 for the Children’s Hospital Los Angeles. A portion of our income on every home we sell goes to help these extraordinary kids in need. To know more, visit ReferralsHelpKids.com.
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Copyright © This free information provided courtesy Entar.com with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 888-240-2500 or visit WeSellCal.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
