21821 Burbank 145, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 4 bath

21821 Burbank 145, Woodland Hills, California 91367 home-pic-0
ACTIVE$689,000
21821 Burbank 145, Woodland Hills, California 91367
3Beds
4Baths
1,666Sqft
Lot
Year Built
1979
Close
-
List price
$689K
Original List price
$789K
Price/Sqft
$414
HOA
$865
Days on market
-
Sold On
-
MLS number
SR25219318
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $689.0K(44th), sqft - 1666(64th), beds - 3(56th), baths - 4(96th).

Just reduced! Seller wants to see offers, so don't hesitate to make them. Fantastic Opportunity in Warner Center! Don’t miss this incredible chance to own a 1,666 sq. ft. townhome in the highly sought-after Warner Village III community. Perfect for buyers with vision, developers, or investors looking to get into the rapidly growing Warner Center area. This 3-bedroom, 2.5-bathroom residence features a versatile bonus room on the lower level—ideal for a home office, gym, or extra living space—just off the attached 2-car garage. The bonus room off the garage is not included in the tax assessor's square footage. The main level offers a living room, dining area, galley kitchen, and a convenient half bath. Upstairs, you'll find three comfortable bedrooms and two full bathrooms. The well-maintained complex offers resort-style amenities, including 3 pools and spas, a sauna, tennis court, 2 racquetball courts, a recreation room, basic cable, and earthquake insurance. Located close to Warner Center Park, the Rams facility, top-rated shopping, dining, and easy freeway access. With a little TLC, this home can be transformed into your ideal space.

Price History

Date
Event
Price
11/25/25
Price Change
$689,000-6.8%
10/02/25
Price Change
$739,000-6.3%
09/17/25
Listing
$789,000
Condition Rating
Fair

Built in 1979, this property is 45 years old and shows significant signs of age and dated aesthetics. The kitchen features older light wood cabinetry, white appliances, and dated tile flooring, requiring a full renovation. Bathrooms are similarly outdated with carpeted floors, gold-tone fixtures, and older vanities. While functional, the property explicitly states it needs 'a little TLC,' which translates to substantial cosmetic updates throughout, including flooring, paint, and fixtures, to meet current market expectations. There are no apparent structural issues, but major components are clearly outdated.
Pros & Cons

Pros

Prime Location: Located in the highly sought-after and rapidly growing Warner Center area, offering convenient access to Warner Center Park, the Rams facility, top-rated shopping, dining, and major freeways.
Investment & Development Potential: Described as a 'fantastic opportunity' for buyers with vision, developers, or investors, indicating strong potential for appreciation and value creation in a dynamic market.
Versatile Bonus Room: Features a valuable bonus room on the lower level, ideal for a home office, gym, or extra living space, which is not included in the tax assessor's square footage, adding uncounted usable area.
Extensive Community Amenities: The well-maintained Warner Village III complex offers resort-style amenities including 3 pools/spas, a sauna, tennis court, 2 racquetball courts, a recreation room, basic cable, and earthquake insurance.
Attached 2-Car Garage: Includes a convenient attached 2-car garage, a desirable feature for townhome living, providing secure parking and additional storage.

Cons

Requires Renovation/TLC: The property explicitly states it needs 'a little TLC' to be transformed, indicating it is not move-in ready and will require additional investment for updates and renovations.
High Monthly HOA Fees: The association fee of $865.0 is substantial, adding a significant ongoing cost to homeownership that could impact affordability and budget.
Multiple Price Reductions: The property has undergone multiple price reductions from its original list price of $789,000 to $689,000, suggesting market resistance, initial overpricing, or concerns about its current condition.

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