10703 Wheatland Avenue, Sunland, California 91040, Sunland, 91040 - 3 bed, 2 bath

10703 Wheatland Avenue, Sunland, California 91040 home-pic-0
ACTIVE$1,450,000
10703 Wheatland Avenue, Sunland, California 91040
3Beds
2Baths
2,823Sqft
24,075Lot
Year Built
1954
Close
-
List price
$1.45M
Original List price
$1.55M
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
SR25097177
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Patio
ViewMountain(s), Neighborhood, Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.45M(91th), sqft - 2823(93th), beds - 3(50th), baths - 2(50th).

Welcome to an exceptional property in the coveted Shadow Hills neighborhood, offering one of the area's finest indoor and outdoor living experiences, with both a beautiful home and investment potential. It features 3 bedrooms, 2 bathrooms, 2,823 sq ft of living space, and a 24,075 sq ft lot with a 5-car garage. This gated, private, fully fenced home is situated on a cul-de-sac. As you enter through the expansive paver driveway, which can comfortably accommodate up to 10 cars, your attention will be immediately drawn to the professionally landscaped and hardscaped yard with a fully sprinklered system. The owners have spared no expense in creating a beautiful and functional outdoor space, adding to the exclusivity and tranquility of the property.The home boasts a well-designed floor plan, showcasing craftsmanship and attention to detail throughout. The main level features a formal living room and dining room, as well as an oversized chef’s kitchen with limestone floors, an island, and abundant cabinetry. Adjacent to the kitchen is a family room with a fireplace and oak French doors that lead directly to the expansive backyard. Upstairs, the spacious master bedroom and bathroom include a sitting area and private balcony with stunning views. Two additional bedrooms and a bathroom on the main level offer comfort and convenience for family members.The expansive backyard truly sets this home apart, offering ample space for various possibilities, including a 4-car oversized garage that can be converted into a Junior Accessory Dwelling Unit (ADU) for additional income. Additionally, there is also ample space to build another ADU or multiple units under SB9, or to utilize the existing horse stalls – the potential here is endless.

Condition Rating
Fair

The property, built in 1954, shows signs of good general maintenance and some cosmetic updates in living areas, such as newer flooring and paint. However, the kitchen, described as 'oversized chef’s kitchen with limestone floors, an island, and abundant cabinetry,' features significantly dated elements including tile countertops, older appliances (built-in oven/microwave, cooktop, integrated refrigerator), and traditional wood cabinets. While functional, these components are aesthetically outdated and would likely require a substantial renovation to meet current buyer expectations. No bathroom images were provided, but given the kitchen's condition, it's probable the bathrooms are similarly aged. This places the property in the 'Fair' category, as it is maintained but key areas require significant updates rather than minor repairs to modernize.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24075, living area = 2823.
Exceptional Investment & Income Potential: The property offers significant opportunities for additional income through potential Junior ADU conversion of the 4-car garage, ample space for further ADUs under SB9, and existing horse stalls.
Expansive & Private Estate: A large 24,075 sq ft lot, fully fenced, gated, and situated on a cul-de-sac in the coveted Shadow Hills neighborhood, providing superior privacy and space.
Extensive Parking & Outdoor Living: Features an expansive paver driveway accommodating up to 10 cars, a 5-car garage, and a professionally landscaped/hardscaped yard with a sprinkler system, ideal for entertaining and vehicle storage.
Luxurious Master Suite & Chef's Kitchen: The home boasts a spacious upstairs master bedroom with a sitting area and private balcony offering stunning views, complemented by an oversized chef's kitchen with limestone floors and an island.
Desirable Neighborhood & Views: Located in the sought-after Shadow Hills neighborhood, offering tranquil living with mountain, neighborhood, and tree/woods views from the master balcony.

Cons

Significant Price Discrepancy: The current list price of $1.45M is considerably higher than the estimated property value of $822K, which may indicate overpricing or a challenge in justifying the value to potential buyers.
Age of Home: Built in 1954, the property is 70 years old. While well-maintained, older homes can imply potential for outdated systems or require ongoing maintenance and updates not explicitly detailed.
Limited Bathroom Count: With 3 bedrooms and 2,823 sq ft of living space, having only 2 bathrooms might be considered a lower ratio for a home of this size and modern expectations, potentially impacting convenience for larger families or guests.

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