5800 Winnetka Avenue, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 2 bath

5800 Winnetka Avenue, Woodland Hills, California 91367 home-pic-0
ACTIVE$1,792,000
5800 Winnetka Avenue, Woodland Hills, California 91367
3Beds
2Baths
2,581Sqft
22,489Lot
Year Built
1950
Close
-
List price
$1.79M
Original List price
$1.9M
Price/Sqft
$694
HOA
-
Days on market
-
Sold On
-
MLS number
25499969
Home ConditionFair
Features
Pool
Patio
View

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.79M(79th), sqft - 2581(68th), beds - 3(37th), baths - 2(39th).

***OVER $100,000 PRICE REDUCTION*** Welcome to "The Overt Farm". This character-rich ranch property sits on a sprawling half-acre plus corner lot, zoned RA-1 for livestock/equestrian use, in the highly sought after neighborhood of College Acres, also endearingly and famously known as Candy Cane Lane. Boasting over 2,500 square feet of warm and inviting living space, three very generous sized bedrooms, two full updated bathrooms, plus some additional bonus spaces including a separate laundry room, an additional hidden half bathroom, an extra office and bedroom space, an outdoor changing room, a spacious tool shed, and a detached barn perfect for a green room, all under a brand new roof. The elegant living room connects to a formal dining area that flows directly into the spacious chef's kitchen with a sun-filled breakfast nook. The sprawling lot begins with a grand circular motor court that can accommodate up to five cars along with a separate two-car carport. The expansive backyard is home to many beautiful and luscious fruit trees including citrus, pomegranate, fig, persimmon, grapefruit, white peach, concord grape vines, and more! It is centered with a fenced-in pool, surrounded by several seating areas including a spacious patio, and still offers plenty of flat space for an ADU (or two) and so much more! Ideally located in the ever-growing Woodland Hills area, close to freeways, Westfield Topanga Mall, Ventura Blvd, the new Los Angeles Rams facilities, and many world-class restaurants and shopping. This rare offering is a tremendous opportunity to enjoy as-is or achieve a brand new vision.

Condition Rating
Fair

Built in 1950, this property has undergone some updates, including a brand new roof and two updated bathrooms. The kitchen features stainless steel appliances and solid countertops, making it functional, but the cabinet style appears traditional rather than modern. While the home is clean and move-in ready ('enjoy as-is'), the overall aesthetic and the property analysis's mention of 'Age-Related System Concerns' and 'Implied Need for Further Modernization' suggest that major systems beyond the roof may be older and that a buyer seeking a contemporary home would likely pursue further renovations. It is well-maintained but shows signs of being outdated in certain areas, aligning with the 'Fair' 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 = 22489, living area = 2581.
Expansive & Versatile Lot: The property boasts a sprawling half-acre plus corner lot, zoned RA-1 for livestock/equestrian use, offering significant potential for an ADU (or two) and various other uses.
Abundant Outdoor & Auxiliary Features: The backyard includes a fenced-in pool, multiple seating areas, a variety of mature fruit trees, a grand circular motor court accommodating up to five cars, a two-car carport, a spacious tool shed, and a detached barn.
Prime & Desirable Location: Ideally located in the highly sought-after College Acres (Candy Cane Lane) neighborhood of Woodland Hills, with convenient access to freeways, Westfield Topanga Mall, Ventura Blvd, and the new Los Angeles Rams facilities.
Recent Major System Upgrade: The property benefits from a brand new roof, reducing immediate capital expenditure for a critical structural component.
Spacious & Functional Interior with Character: Over 2,500 square feet of warm and inviting living space, featuring generous bedrooms, two full updated bathrooms, a spacious chef's kitchen, and additional bonus spaces including an extra office/bedroom and separate laundry room.

Cons

Significant Price Reduction: An 'OVER $100,000 PRICE REDUCTION' indicates the property may have faced market resistance or was initially overpriced, potentially affecting its perceived market value.
Age-Related System Concerns: Built in 1950, and while some updates are mentioned (bathrooms, roof), the description does not specify updates to other major systems like HVAC, electrical, or plumbing, which may require future investment to meet modern standards.
Implied Need for Further Modernization: The phrase 'enjoy as-is or achieve a brand new vision' suggests that while livable, the property may not be fully modernized throughout, potentially requiring substantial renovation costs for buyers seeking a contemporary, turnkey home.

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