5606 Lindley Avenue

    Encino, CA 91316
    • $639,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: SR19198117
    Price Reduced
    UPDATED: 234 min ago
    $639,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,488
      SQFT
    • $429
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    The lot of the property measures at 5,999 SF while the building without the guest house in rear measures 1,053 SF. Seller is open to and motivated to exercise Seller Carry options in the sale.**** This is a new kind of asset class, becoming more prevalent in the greater Los Angeles market, RTI ADU (Accessory Dwelling Unit) properties. Under new provisions in state law, the construction of ADUs has become legal and many property owners in strong rental markets such as Lake Balboa/Encino have been exploiting the new ordinance to their advantage. This property is being marketed as an opportunity for immediate value-add component and should be viewed by investors as in essence, a duplex. The rear alley behind the property will provide a separate entrance for the back unit which will also be separately addressed, metered, and plumbed on commencement of construction. Plans are valid for 6 months up to 18 months with extension and are valued at $30,000 (see city plan check page). Property is situated on Lindley Avenue and is corner adjacent from Burbank Blvd. Located less than .5 Miles from public transit the new ADU also waves the new construction parking requirement. The property is located close to the 101 freeway between the Reseda & White Oak exits. Minutes from Ventura Blvd.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T00:45:44.837. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway Home Services California Properties. Licensed in the State of California, USA.
    www.kevinhillre.com/homes/98097461

    5606 Lindley Avenue Encino, CA 91316

    • Price: $639,000
    • Status: Active
    • Updated: 234 min ago
    • ID#: SR19198117
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,488
    SQFT
    $429
    $/SQFT
    1949
    Built
    Neighborhood:
    ENC - Encino
    County:
    Los Angeles
    Area:
    ENC - Encino
    School District:
    Los Angeles Unified
    Property Description
    The lot of the property measures at 5,999 SF while the building without the guest house in rear measures 1,053 SF. Seller is open to and motivated to exercise Seller Carry options in the sale.**** This is a new kind of asset class, becoming more prevalent in the greater Los Angeles market, RTI ADU (Accessory Dwelling Unit) properties. Under new provisions in state law, the construction of ADUs has become legal and many property owners in strong rental markets such as Lake Balboa/Encino have been exploiting the new ordinance to their advantage. This property is being marketed as an opportunity for immediate value-add component and should be viewed by investors as in essence, a duplex. The rear alley behind the property will provide a separate entrance for the back unit which will also be separately addressed, metered, and plumbed on commencement of construction. Plans are valid for 6 months up to 18 months with extension and are valued at $30,000 (see city plan check page). Property is situated on Lindley Avenue and is corner adjacent from Burbank Blvd. Located less than .5 Miles from public transit the new ADU also waves the new construction parking requirement. The property is located close to the 101 freeway between the Reseda & White Oak exits. Minutes from Ventura Blvd.
    Exterior Features

    Fence YN Yes Fencing Chain LinkWood Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Other Lot Size Units Square Feet Other Structures Guest House Detached Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No View Neighborhood View YN Yes

    Interior Features

    Bathroom Features Low Flow ShowerLow Flow Toilet(S) Bathrooms Full 3 Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Carpet Laundry Features Gas & Electric Dryer Hookup Levels One Main Level Bathrooms 2 Main Level Bedrooms 3 Room Type All Bedrooms DownFamily RoomLiving RoomMain Floor Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Storm DrainsStreet LightsSuburban Country Us Elevation Units Feet Land Lease YN No Laundry YN Yes Lease Considered YN No Living Area Units Square Feet New Construction YN No Property Sub Type Single Family Residence Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Year Built Source Other

    Listing provided courtesy of Jay Martinez of Hudson Commercial Partners, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T00:45:44.837. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway Home Services California Properties. Licensed in the State of California, USA.
     
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