5657 Winnetka Avenue, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 2 bath
ACTIVE$1,395,000
5657 Winnetka Avenue, Woodland Hills, California 91367
3Beds
2Baths
2,210Sqft
14,004Lot
Year Built
1959
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$631
HOA
-
Days on market
-
Sold On
-
MLS number
SR24249425
Home ConditionPoor
Features
Pool
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.40M(52th), sqft - 2210(51th), beds - 3(37th), baths - 2(39th).
Investors dream, fixer, this house is being sold in it's "AS IS " condition, development opportunity, situated on a sizable flat lot, potential of multiple ADUs, easy access to 101Freeway, walk to Ventura Blvd, Close to all restaurants and shopping Centers, large back yard with sparkling pool, Located in prime area of Woodland Hills, great entertainment home to host a delightful summer's night BBQ, has 1 BR 1 BA ADU, park like back yard, lots of plantations and fruit trees, One Story, quality iron fence.
Condition Rating
Poor
The property, built in 1959, is explicitly described as a 'fixer' and sold in 'AS IS' condition. The images confirm severely outdated interiors, particularly in the kitchen and bathrooms, which feature original or very old cabinetry, countertops, appliances, and fixtures. The overall condition indicates that the property requires substantial repairs and rehabilitation to meet current living standards, aligning with the 'Poor' condition criteria.
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 = 14004, living area = 2210.
Significant Development Potential: Marketed as an 'investors dream' and 'development opportunity' on a sizable flat lot with potential for multiple ADUs, offering substantial future value.
Prime Location & Accessibility: Located in a 'prime area of Woodland Hills' with easy access to the 101 Freeway, walking distance to Ventura Blvd, and close proximity to restaurants and shopping centers.
Existing Accessory Dwelling Unit (ADU): Includes a 1 bedroom, 1 bathroom ADU, providing immediate rental income potential or flexible living options for multi-generational families.
Expansive Outdoor Amenities: Features a large backyard with a sparkling pool, abundant plantations, and fruit trees, creating a 'park-like' setting ideal for entertaining and outdoor enjoyment.
Single-Story Layout: The one-story design offers broad appeal, including accessibility benefits and a desirable open flow for many homeowners.
Cons
As-Is Fixer Condition: The property is explicitly sold in 'AS IS' condition and described as a 'fixer,' indicating significant renovation, repair, and modernization costs will be required.
High List Price Relative to Estimated Value: The listing price of $1,395,000 is 37% above the estimated property value of $870,027.525, suggesting a premium for development potential that may limit buyer pool or require strong justification.
Age of Property: Built in 1959, the house is likely to have outdated systems, infrastructure, and finishes, contributing to the 'fixer' status and necessitating considerable investment for upgrades.