20808 Martha Street, Woodland Hills, California 91367, Woodland Hills, 91367 - 4 bed, 3 bath

20808 Martha Street, Woodland Hills, California 91367 home-pic-0
ACTIVE$1,497,000
20808 Martha Street, Woodland Hills, California 91367
4Beds
3Baths
2,088Sqft
7,683Lot
Year Built
1959
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$717
HOA
-
Days on market
-
Sold On
-
MLS number
SR25081492
Home ConditionGood
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(61th), sqft - 2088(48th), beds - 4(50th), baths - 3(50th).

Charming Ranch-Style Home in Desirable Carlton Terrace neighborhood . Tucked behind lush trees and colorful blooms and just minutes from Starbucks, Whole Foods, and Trader Joe’s. The main house features a spacious living room with vaulted ceilings and a cozy gas/wood-burning fireplace. The kitchen has been updated with new wood cabinets high-end Dishwasher, refrigerator, and Washer/Dryer. It has a spacious open family room, three comfortable bedrooms, and two beautifully remodeled bathrooms. The master bathroom features a built in jet/Jacuzzi bath tub. There a brand new bonus room in the backyard offers extra space for a home office, gym, or creative studio. there is a BBQ and sitting area on a new turf grass for outdoor entertaining. In addition, the property includes a completely private Accessory Dwelling Unit (ADU) with its own address. The ADU features one bedroom, bathroom, and open-concept kitchen—ideal for generating rental income or hosting extended family. Which is currently occupied with monthly income by a tenant. House will be available for lease or lease option.

Condition Rating
Good

The property, built in 1959, has undergone extensive and recent renovations in key areas. The kitchen features new wood cabinets and high-end stainless steel appliances, and the bathrooms are beautifully remodeled with modern fixtures, including a jet/Jacuzzi tub in the master. A brand new bonus room and a completely private ADU with its own modern kitchen and bathroom further enhance the property's appeal and functionality. The overall aesthetic is modern and move-in ready, as supported by the images. However, the listing does not specify recent updates to all major systems (e.g., plumbing, electrical, roof for the main house) and notably lacks mention of a central cooling system, which is a significant consideration for the Woodland Hills climate. These omissions prevent an 'Excellent' rating, but the significant recent updates place it firmly in the 'Good' category.
Pros & Cons

Pros

Income-Generating ADU: The property includes a private, occupied Accessory Dwelling Unit (ADU) with its own address, offering immediate rental income or flexible living arrangements for extended family.
Desirable Neighborhood & Amenities: Located in the sought-after Carlton Terrace neighborhood, providing convenient access to popular amenities such as Starbucks, Whole Foods, and Trader Joe’s.
Updated Interior Features: The main house features an updated kitchen with new wood cabinets and high-end appliances, along with beautifully remodeled bathrooms, including a master bath with a jet/Jacuzzi tub.
Versatile Bonus Space & Outdoor Living: A brand new bonus room offers flexible space for a home office, gym, or studio, complemented by a dedicated outdoor entertaining area with a BBQ and new turf grass.
Charming Architectural Details: The ranch-style home retains charming features such as vaulted ceilings in the living room and a cozy gas/wood-burning fireplace, enhancing its aesthetic appeal.

Cons

Property Age & Unspecified System Updates: Built in 1959, while some areas are updated, the description does not detail the condition or recent updates of other major systems (e.g., plumbing, electrical, roof), which may require future investment.
Absence of Cooling System Mention: The property description highlights a fireplace but makes no mention of a cooling system (e.g., central air conditioning), which could be a significant comfort concern in the Woodland Hills climate.
Significant Price Discrepancy: The listing price is substantially higher than the automated property estimation, suggesting a potentially aggressive pricing strategy that may require strong justification to prospective buyers.

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