5606 Lindley Avenue

$669,000, 4 Beds 3 Baths 1,488 Sqft .14 Acres

About This Property

The lot of the property measures at 5,999 SF while the building without the guest house in rear measures 1,053 SF.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.

Essential Information

MLS® #SR19198117
Price$669,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage1,488
Acres0.14
Year Built1949
TypeResidential
Sub-TypeSingle Family
StatusActive

Community Information

Address5606 Lindley Avenue
AreaEncino (ENC)
CityEncino
CountyLos Angeles
StateCA
Zip Code91316

Amenities

PoolNo Pool

Interior

CoolingWall or Window Units
FireplacesNone
StoriesOne Level

Appliances

Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Electric Dryer Hookup

Exterior

Lot DescriptionStreet Lighting, Storm Drains

School Information

DistrictLos Angeles Unified

Additional Information

Date ListedAugust 19th, 2019
Days on Market28
HOA Fees0.00

Listing Details

AgentJay Martinez(01954238)

Office

Hudson Commercial Partners, Inc.

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