22919 Leonora Drive, Woodland Hills, California 91367, Woodland Hills, 91367 - 7 bed, 4 bath

22919 Leonora Drive, Woodland Hills, California 91367 home-pic-0
ACTIVE$1,850,000
22919 Leonora Drive, Woodland Hills, California 91367
7Beds
4Baths
2,464Sqft
9,190Lot
Year Built
1948
Close
-
List price
$1.85M
Original List price
$1.9M
Price/Sqft
$751
HOA
-
Days on market
-
Sold On
-
MLS number
SR25047132
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.85M(80th), sqft - 2464(60th), beds - 7(96th), baths - 4(71th).

This one-of-a-kind property presents a rare opportunity to acquire TWO DWELLINGS on a huge lot in a highly desirable neighborhood. Situated within WALKING DISTANCE of a vibrant section of Ventura Boulevard, residents will have access to a diverse culinary scene, featuring an array of SHOPS and acclaimed RESTAURANTS serving cuisines from all over the world. The MAIN HOUSE, spanning 1625 ft.², features 4 BEDROOMS and 2 BATHROOMS, an OPEN FLOOR PLAN, and a spacious master suite with a slider leading to the courtyard. The chef's kitchen, boasting a large ISLAND with SEATING for 5, is ideal for entertaining. The 839 ft.² ADU provides a complete living space independent of the main house, with 3 BEDROOMS, 2 BATHROOMS, a separate yard space, SEPARATE ELECTRIC METER, and its OWN ADDRESS. Both homes are thoughtfully designed with full and three-quarter bathrooms, WALK-IN SHOWERS, semi-custom kitchen cabinets, high-end appliances, QUARTZ countertops, TANKLESS WATER HEATER, and private yards. Convenient features include a CIRCULAR DRIVEWAY for the main house and a long driveway for the ADU, ensuring ample off-street parking. The main house's expansive backyard offers privacy, MATURE FRUIT TREES, and plenty of space for a pool. The ADU features a patio/porch and a yard with room for children to play and potentially a jacuzzi. All assigned public schools boast an 8+ rating on GreatSchools.org. This versatile property caters to diverse needs, offering ample space for multigenerational families, those seeking income potential, or transitional housing for those waiting to rebuild their lost homes. Both homes have NEW WINDOWS, NEW ROOFS, NEW PLUMBING, NEW HVAC systems, and NEW smooth STUCCO. Almost like new construction! A property like this comes along once in a great while, don’t miss it!

Condition Rating
Excellent

Despite being built in 1948, the property has undergone extensive, high-quality renovations, including new windows, roofs, plumbing, HVAC systems, and stucco, making it 'almost like new construction.' The kitchens feature semi-custom cabinets, high-end stainless steel appliances, quartz countertops, and large islands, while the bathrooms boast modern tiling, walk-in showers, freestanding tubs, and contemporary fixtures. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Dual Dwellings & Income Potential: The property features two independent dwellings (main house and ADU with separate electric meter and address), offering exceptional versatility for multi-generational living, guest accommodation, or significant rental income potential.
Extensive Recent Renovations: Both homes have undergone comprehensive upgrades including new windows, roofs, plumbing, HVAC systems, and smooth stucco, making them 'almost like new construction' and minimizing immediate repair concerns.
Prime Walkable Location: Situated within walking distance of a vibrant section of Ventura Boulevard, providing convenient access to a diverse culinary scene, numerous shops, and acclaimed restaurants.
High-Quality Interior Finishes: Both residences boast modern amenities such as open floor plans, chef's kitchens with large islands, high-end appliances, quartz countertops, walk-in showers, and tankless water heaters, ensuring contemporary comfort and style.
Excellent School District: All assigned public schools are highly rated (8+ on GreatSchools.org), enhancing the property's appeal to families seeking quality education.

Cons

Significant Price Discrepancy: The current listing price of $1.85M is considerably higher than the property's estimated value of $1.12M (a -39% estimation ratio), suggesting it may be overpriced relative to market comparables.
Older Original Construction Year: Despite extensive renovations, the main house was originally built in 1948, which could raise concerns about the age of underlying infrastructure not explicitly mentioned as replaced (e.g., foundation, sewer lines) or potentially impact insurance rates.
Increased Maintenance Complexity: Managing two separate dwellings, each with its own yard and systems, will inherently require more time, effort, and potential costs for ongoing maintenance and upkeep compared to a single-family residence.

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