5237 Topanga Canyon, Woodland Hills, California 91364, Woodland Hills, 91364 - 8 bed, 7 bath

5237 Topanga Canyon, Woodland Hills, California 91364 home-pic-0
ACTIVE$2,295,000
5237 Topanga Canyon, Woodland Hills, California 91364
8Beds
7Baths
4,145Sqft
8,808Lot
Year Built
1963
Close
-
List price
$2.29M
Original List price
$2.4M
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
SR25264981
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $2.29M(90th), sqft - 4145(90th), beds - 8(99th), baths - 7(98th).

Immaculate rare 3 units property, located South-of-the-Boulevard investment gem in the heart of Woodland Hills! This beautifully maintained three-unit property offers exceptional versatility, modern upgrades, and strong income potential—all just moments from Ventura Blvd., The Village, and the vibrant Warner Center district. Situated on a spacious corner lot with excellent curb appeal, the property features a remodeled main residence, a fully equipped upper-level unit, and a private ground-floor ADU, each with its own entrance and outdoor area. Every unit is tastefully updated with quality finishes, thoughtful design, and conveniences today’s tenants love. Unit A (approx. 1,638 sq ft) is the main residence located on the first floor, offering 3 bedrooms and 2.5 bathrooms, an open-concept layout, generous natural light, and both front and rear yard space—perfect for outdoor relaxation or entertaining. Unit B (approx. 1,075 sq ft) sits above the garage and includes 3 bedrooms and 1.5 bathrooms, creating an ideal space for extended family, guests, or reliable rental income. Unit C is a spacious ground-floor 1 bedroom / 1 bath ADU (approx. 792 sq ft) with its own private yard and garden area. Designed for privacy and independence, this ADU provides excellent supplemental income. It also features its own electric meter, offering flexibility and reduced overhead for the owner. All three units have been stylishly upgraded with contemporary materials, individual washer/dryer setups, tankless water heaters, and well-appointed kitchens and baths. The property also boasts a brand-new roof, modern concrete-and-turf driveway, ample off-street parking, and a three-car garage. Located within walking distance to Warner Center Park, The Village, Topanga Mall, Starbucks, and endless dining and entertainment options, this property places residents at the center of one of the most desirable pockets of Woodland Hills. With the ongoing Warner Center redevelopment—including future mixed-use development and the planned Los Angeles Rams facility—this area continues to experience significant growth and appreciation. Whether you’re an investor seeking strong cash flow, a homeowner looking for additional income, or a multi-generational family needing flexible living arrangements, this property presents an extraordinary opportunity in a prime location. A must-see for buyers seeking a turnkey, high-performing, multi-unit asset south of Ventura Blvd.

Price History

Date
Event
Price
12/11/25
Price Change
$2,295,000-4.2%
11/23/25
Listing
$2,395,000
Condition Rating
Excellent

Despite being built in 1963, this property has undergone extensive and recent renovations, bringing it to current quality standards. All three units feature modern, well-appointed kitchens with white shaker cabinets, updated countertops, contemporary backsplashes, and stainless steel appliances. The bathrooms are equally modern, showcasing new vanities, tiled showers/tubs, and updated fixtures. Flooring consists of a mix of clean carpet and stylish wood-look tile. The property also boasts a brand-new roof and a modern concrete-and-turf driveway, indicating comprehensive updates with no deferred maintenance.
Pros & Cons

Pros

Exceptional Multi-Unit Versatility: Rare three-unit property (main residence, upper unit, ADU) offering strong income potential, ideal for investors, multi-generational living, or supplemental income, with each unit having private access and outdoor space.
Strategic Location & Growth Potential: Situated South-of-the-Boulevard in Woodland Hills, within walking distance to major amenities like Warner Center, The Village, and Topanga Mall, benefiting from ongoing Warner Center redevelopment and projected appreciation.
Extensive Modern Upgrades: All three units are tastefully updated with contemporary finishes, individual washer/dryer setups, tankless water heaters, and well-appointed kitchens/baths, complemented by a new roof, modern driveway, and three-car garage.
Enhanced Tenant/Resident Privacy: Each unit is designed for independence with separate entrances, private outdoor areas, and individual utilities (ADU has its own electric meter), appealing to diverse occupants.
Ample Parking Solutions: The property provides significant off-street parking and a three-car garage, a valuable asset for a multi-unit dwelling in a dense urban area.

Cons

Property Age: Built in 1963, the underlying structure is over 60 years old. While extensively upgraded, this age could still present long-term maintenance considerations beyond the recent renovations.
Recent Price Reduction: A recent price drop from $2.395M to $2.295M suggests potential initial overpricing or challenges in market reception, which might influence buyer perception or negotiation strategy.
Unspecified Cooling Systems: The description does not explicitly mention air conditioning or cooling systems for the units, which is a crucial amenity in the Southern California climate and a potential concern for prospective tenants/owners.

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