1166 S Westlake, Westlake Village, California 91361, Westlake Village, 91361 - 2 bed, 3 bath
Loading property details...
Westlake Village, California 91361
This Lakeside Townhouse represents a Strong Value Opportunity, listed at $850,000—positioned well below the $905,580 Fair Market Value by 6%. This valuation gap provides $55,580 in Instant Equity for the buyer. With a Condition Rating of 4, the property offers a functional, move-in ready space with potential for cosmetic modernization. Located in a premier district with Top-Rated Schools like Westlake Elementary (9/10), this residence is an ideal choice for Owner-Occupants or first-time buyers seeking a lifestyle-focused investment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1166 S Westlake Subject | $850,000* List Price | 2 | 3 | 1,796 | $504 | - |
A 2158 Portola Lane Sold | $909,010 | 3 | 2 | 1,500 | $606 | 0.2 mi |
B 1206 S Westlake Boulevard D Pending | $899,000 List Price | 3 | 3 | 1,818 | $494 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1974 and shows signs of partial cosmetic updates, such as newer laminate flooring and modern light fixtures. However, the bathroom remains dated with older tile work and fixtures, and the overall age of the structure (>50 years) suggests that while functional and move-in ready, it requires further modernization to meet current standards.
Elementary School: Westlake Elementary School (9/10).
Situated in the desirable Westlake Bay community, this home offers immediate access to the lake and is within walking distance of Westlake Village’s upscale dining and shopping.
Rare FHA approval for this townhouse complex provides a significant advantage for buyers seeking low-down-payment financing options in a competitive market.
The $900 monthly HOA fee is relatively high and may impact the overall affordability and debt-to-income ratio for potential buyers.
The tri-level floor plan may be less appealing to buyers seeking single-level living or those with mobility concerns due to the frequent use of stairs.
Experience the ultimate lakeside lifestyle at Westlake Bay. This stunning tri-level townhome boasts a light-filled floor plan featuring two spacious bedrooms and three baths. Relax on your private deck while soaking in serene hillside views. Perfectly situated just steps from the water and Westlake Village’s premier dining, this "FHA-approved" residence combines comfort with sophisticated living. Don’t miss your chance to own a piece of this vibrant community!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 2.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,796 | 1,626 | 54% |
| Lot Size | 3,920 | 3,920 | 50% |
| Price | $850.0K | $909.0K | 38% |
| Price per sq ft | $473 | $577 | 8% |
| Built year | 1974 | 1975 | 46% |
| HOA | $900.0 | $650 | 77% |
| Days on market | 38 | 135 | 15% |
Apr 29, 2026
$850,000
Initial Listing
Aug 8, 2016
$585,000
Public Record
Dec 3, 2004
$555,000
Public Record