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$6,495,000

Beds
6
Baths
7.0
sq ft
7,796

5060 Gloria Ave, Encino, CA 91436

5060 Gloria Ave

Encino, CA 91436

  • 61 days on market
    • Price drop $300,000↓
The mecca of entertainment homes awaits you at this exclusive private estate. This 6 bedroom FILM READY compound offers soaring ceilings, state-of-the-art recording studio, home gym, theater and surround sound. An open floor plan perfect for influencers, entertainment or relaxation. The massive flag lot offers 10+ car parking. The backyard is the ultimate playground with basketball hoop, pool, hot tub, guest house (w/ kitchenette), fire pit, built-in grill, trellis for al fresco dining. Pocket doors create indoor/outdoor living space. The chef's kitchen features Thermador appliances, wine fridge, two dishwashers, two sinks, oak cabinets, quartzite counters, grand kitchen island, additional service bar with double sided seating and a breakfast nook. Upstairs you will find a primary suite designed for royalty (double sinks, soaking tub, fireplace, shower with 3 shower heads, dual massive walk-in closets) and balcony overlooking the backyard. Modern Luxury Living with Unparalleled Privacy awaits your arrival!

Details

Property type

Single Family Residence

Est. home value

$7,429,912

Property condition

Updated/Remodeled

Lot size

0.4753 acres

Price per sq ft

$834

Year built

2021

HOA

No

Price History

03/19/2025
CLAW

CLAW #24472549

Price change
$6,495,000
-4.42%
03/01/2025
CLAW

CLAW #24472549

Price change
$6,795,000
-2.86%
02/06/2025
CLAW

CLAW #24472549

Listed
$6,995,000
-8.24%

Schools & Community

Neighborhood: 

Encino

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$299,983
Asking price
$6,495,000
Closing costs (~8% of asking)
-$519,600
Est. remaining loan balance
-$5,675,417
Cash to seller
$299,983

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Stifel Bank & Trust

Loan start date

April 2022

Original loan amount

$6,000,000

Est. remaining balance

$5,675,417

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

W Shane Glass and The 5060 Gloria Avenue Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/31/2025 at 1:10 PM

Listing updated: 03/20/2025 at 7:29 PM

Listed by: Brian Capossela, Cap Equity Realty Phone #: (310) 736-4192

MLS: CLAW #24472549

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