The Valley Commercial Group, Inc. is pleased to offer an exclusive infill development in the prestigious community of Encino, CA. This fully- permitted project consists of one single-family home undergoing complete renovation and one newly constructed detached two-story ADU on a large lot. The main residence is approximately 3,709 square feet, with potential for expansion, while the separate ADU offers 1,189 square feet with views. Both structures are under construction, with the main residence approximately 30% completed and the ADU approximately 80% completed. The large site retains ample open space for buffering between the structures and offers sufficient onsite parking for multiple vehicles. The ADU could be completed in 60-days, which would allow for an owner to live in the ADU while completing work on the renovation of the main residence.
Project Highlights:
RTI Plans Approved
Prime Encino Location
Proposed Main Residence: Approximately 3,709 SF
Detached ADU: Approximately 1,189 SF
Total Finished Living Area: Approximately 4,898 SF
Large Residential Lot
Offered at Listing Price
Current Project Status:
Detached ADU is approximately 75% complete.
Permit and entitlement process has been completed.
Significant time and expense have already been invested into the project.
Seller is looking to liquidate and move on to other projects.
Estimated Remaining Construction:
Main Residence Construction: Approximately $1,020,000
ADU Completion: Approximately $125,000
Pool: Approximately $125,000
Driveway / Concrete Finishes: Approximately $45,000
Landscaping: Approximately $25,000
Built-In BBQ: Approximately $25,000
Front Gate: Approximately $35,000
Estimated Remaining Construction Budget:
Approximately $1.4M
Based on our preliminary analysis and recent Encino new construction activity, we believe the completed project has the potential to achieve a value in the range of approximately $3.1M to $3.3M depending on finishes, execution, and market conditions.
One of the biggest advantages of this opportunity is that the entitlement work has already been completed and the ADU is substantially underway, allowing a developer to focus on execution rather than spending time and capital navigating the approval process.