22651 Oxnard Street, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 3 bath

22651 Oxnard Street, Woodland Hills, California 91367 home-pic-0
ACTIVE$1,995,000
22651 Oxnard Street, Woodland Hills, California 91367
3Beds
3Baths
1,195Sqft
31,168Lot
Year Built
1948
Close
-
List price
$2M
Original List price
$2.25M
Price/Sqft
$1,669
HOA
-
Days on market
-
Sold On
-
MLS number
SR25014238
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.00M(84th), sqft - 1195(7th), beds - 3(37th), baths - 3(50th).

An Unparalleled Development Opportunity Awaits in Prestigious Walnut Acres, Woodland Hills. This is not just a piece of land; it's a blank canvas awaiting your vision. This expansive, entirely flat 31,000+ sq ft lot in the heart of coveted Walnut Acres presents a truly rare chance to create a private estate of unparalleled grandeur or develop multiple high-value luxury residences. Imagine the possibilities: a sprawling main residence, meticulously crafted to your exacting specifications, complete with a resort-style pool, a detached guest house for extended family or visitors, and professionally manicured gardens that evoke a sense of tranquility and elegance. Picture evenings spent entertaining on expansive patios, surrounded by lush landscaping, in the privacy of your own Walnut Acres oasis. The sheer size and flat topography of this lot offer a unique advantage, providing a level of design flexibility rarely found in this established and highly sought-after neighborhood. Alternatively, this exceptional property offers a compelling opportunity for developers seeking to create a collection of luxury homes. The demand for high-end residences in Walnut Acres continues to grow, making this a prime investment prospect. The existing, fully remodeled 3-bedroom, 3-bathroom home provides immediate occupancy or rental income, allowing you to generate revenue while you finalize your development plans, secure permits, and prepare to bring your vision to life. This charming home features stainless steel appliances, accordion doors from wall to wall, creating a great indoor-outdoor entertaining space, and many many more features adding further value and appeal. Located in the highly desirable Walnut Acres area of Woodland Hills, this property offers convenient access to top-rated schools, upscale shopping, fine dining, and all the amenities that make this community so desirable. Don't miss this extraordinary chance to build your dream vision, whether it's a single, magnificent estate or a collection of stunning luxury homes, in one of Woodland Hills' most prestigious and sought-after enclaves. Contact us today for a private showing and to discuss the limitless potential of this exceptional property.

Condition Rating
Excellent

Despite being built in 1948, the property has been 'fully remodeled' as stated in the description, and the images confirm a very recent, extensive renovation. The kitchen features modern flat-panel cabinetry, stainless steel appliances, and quartz countertops. Bathrooms are updated with contemporary fixtures and tiling. Throughout the home, there is new light wood flooring, recessed lighting, modern black-framed windows/doors, and mini-split AC units, all indicating virtually new components meeting current quality standards. The interior shows no signs of wear or deferred maintenance, aligning perfectly with an 'excellent' condition score for a recently renovated property.
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 = 31168, living area = 1195.
Exceptional Development Potential: This expansive, entirely flat 31,000+ sq ft lot offers an unparalleled opportunity to build a grand private estate or develop multiple high-value luxury residences, catering to strong market demand in Walnut Acres.
Prestigious Location: Situated in the highly coveted Walnut Acres area of Woodland Hills, known for its desirability, top-rated schools, upscale shopping, and fine dining, enhancing future property value.
Large, Flat & Flexible Lot: The significant size (31,168 sq ft) and entirely flat topography provide rare design flexibility for extensive landscaping, resort-style amenities, and diverse architectural visions.
Income-Generating Existing Home: A fully remodeled 3-bedroom, 3-bathroom home is already on-site, offering immediate occupancy or rental income potential while development plans are finalized and permits secured.
Strong Market Demand: The description highlights a growing demand for high-end residences in Walnut Acres, positioning this property as a prime investment prospect for luxury development.

Cons

Lack of Views: The property explicitly states 'None' for views, which can be a significant drawback for a luxury estate or high-value development in a desirable area where views often command a premium.
Age and Size of Existing Structure: Built in 1948 and only 1195 sqft, the existing home, despite being remodeled, is likely considered a tear-down for a luxury development, potentially adding demolition costs and time to the project.
Recent Price Reduction: The property has seen a notable price reduction from $2.25M to $1.995M, which might suggest a longer time on market or an initial overvaluation, potentially raising questions for prospective buyers.

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