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5551 Mason Avenue, Woodland Hills, California 91367, Woodland Hills, 91367 - 7 bed, 6 bath

5551 Mason Avenue, Woodland Hills, California 91367 home-pic-0
ACTIVE$2,000,000
5551 Mason Avenue, Woodland Hills, California 91367
7Beds
6Baths
3,538Sqft
11,859Lot
Year Built
1960
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$565
HOA
-
Days on market
-
Sold On
-
MLS number
OC25116956
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s), Trees/Woods
Patio
ViewCity Lights,Mountain(s),Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(84th), sqft - 3538(90th), beds - 7(96th), baths - 6(94th).

Remodeled single story house with Views and Privacy located at the top of Carlton Terrace prestigious area of Woodland Hills. This 7 bedroom and 6 bathroom single story charming house offers great quite neighborhood close to shopping and transportation. Offers significant rental potential, live and rent, or rent all. Property offers further development opportunity given the large private lot with Views! As you enter through the double-door entry, you are greeted by a spacious living room with a cozy fireplace and 180-degree view of the city and the Santa Monica mountains. Enjoy the breakfast bar and dining nook that are open to the family room and large living room. The living room and dining areas have 4 sliding doors that overlook the serene backyard and city Views!

Condition Rating
Fair
The property, built in 1960, is described as 'remodeled,' but the extent and recency of the renovation are not fully detailed. The visible bathroom features a basic corner shower unit and vanity, suggesting a functional update rather than a high-end or very recent renovation. Crucially, there are no images of the kitchen, and the description lacks specifics on appliances or style, which is a significant omission for a top-tier property. The absence of central cooling, as noted in the AI analysis, points to outdated core systems. While the flooring appears well-maintained, the overall impression is of a property that has received regular upkeep and some updates, but not an extensive, modern renovation that would qualify it as 'Good' or 'Excellent' based on current standards and the property's age.
Pros & Cons

Pros

Panoramic Views: The property boasts expansive 180-degree views of the city and Santa Monica mountains, including city lights, mountains, and trees/woods, significantly enhancing its appeal and value.
Income & Development Potential: Offering significant rental potential (live and rent, or rent all) and further development opportunities on a large private lot, providing versatile investment options.
Prestigious & Private Location: Situated at the top of Carlton Terrace, a prestigious area of Woodland Hills, ensuring privacy and a desirable neighborhood setting.
Remodeled & Spacious Living: A remodeled single-story house featuring a spacious living room with a cozy fireplace, an open-concept breakfast bar and dining nook, and a generous 7 bedrooms and 6 bathrooms.
Large Private Lot & Indoor-Outdoor Flow: The property sits on a large 11,859 sqft private lot with four sliding doors in the living and dining areas that open to a serene backyard and city views, promoting excellent indoor-outdoor living.

Cons

Significant Valuation Discrepancy: The listing price of $2,000,000 is substantially higher than the estimated property value of approximately $1.26 million, which may present a challenge in justifying the asking price to potential buyers.
Age of Core Structure: Built in 1960, despite being 'remodeled,' the property's underlying infrastructure may still be original, potentially leading to concerns about older systems (e.g., plumbing, electrical) not explicitly mentioned as updated.
Unspecified Remodel Scope & Missing Modern Comforts: The description lacks specific details regarding the extent of the remodel, and notably, there is no mention of a central cooling system, which is a key comfort feature often expected in a home of this caliber and location.

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