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22934 Oxnard Street, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 2 bath

22934 Oxnard Street, Woodland Hills, California 91367 home-pic-0
ACTIVE$2,250,000
22934 Oxnard Street, Woodland Hills, California 91367
3Beds
2Baths
2,100Sqft
18,315Lot
Year Built
1955
Close
-
List price
$2.25M
Original List price
$2.25M
Price/Sqft
$1,071
HOA
-
Days on market
-
Sold On
-
MLS number
SR25035371
Home ConditionGood
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 38% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.25M(89th), sqft - 2100(48th), beds - 3(37th), baths - 2(39th).

Nestled in the heart of Walnut Acres, this exquisite estate offers unparalleled space, privacy, and limitless potential on an expansive 18,000+ square foot lot. A circular driveway framed by lush landscaping welcomes you to the main residence, a charming 3-bedroom, 2-bathroom home featuring an open-concept design, a remodeled gourmet kitchen with custom cabinetry and sleek tile flooring, and a stunning living room with a vaulted wood-beamed ceiling and a floor-to-ceiling stone fireplace. Smooth ceilings, recessed lighting, and large windows enhance the bright and inviting atmosphere. A standout feature of this estate is the fully permitted ADU with its own address, offering two spacious bedrooms, two bathrooms, a full kitchen, a dining area, a cozy living room, and a family room—ideal for multi-generational living, rental income, or guest accommodations. The outdoor space is equally impressive, featuring a picturesque brick courtyard with a tranquil fountain and a majestic shade tree, leading to a resort-style backyard with a sparkling pool and ample lounging space. With over 18,000 square feet of land, the property provides endless possibilities for an additional ADU, a multi-car garage, or a custom outdoor entertainment area. Combining elegance, comfort, and investment potential in one of the most desirable neighborhoods, this rare gem in Walnut Acres is an opportunity not to be missed. Schedule a private showing today.

Condition Rating
Good
The property, built in 1955, benefits from significant modern updates including a 'remodeled gourmet kitchen with custom cabinetry and sleek tile flooring,' 'smooth ceilings, and recessed lighting' in the main residence. A 'fully permitted ADU' with its own kitchen and two bathrooms further enhances its condition, suggesting recent construction or extensive renovation for this separate unit. While the original structure's age and the lack of explicit mention of updates to major systems (like plumbing, electrical, roof, and central cooling) are noted weaknesses, the described renovations are substantial enough to make the property largely move-in ready and functional, aligning with the 'Good' category's criteria for properties extensively renovated within the last 5-15 years in key areas.
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 = 18315, living area = 2100.
Permitted ADU with Income Potential: The property features a fully permitted Accessory Dwelling Unit (ADU) with its own address, offering two bedrooms, two bathrooms, and a full kitchen, ideal for multi-generational living, significant rental income, or guest accommodations.
Expansive Lot Size & Development Potential: An impressive 18,000+ square foot lot provides unparalleled space, privacy, and 'limitless potential' for future expansion, an additional ADU, a multi-car garage, or a custom outdoor entertainment area.
Remodeled Interior Features: The main residence boasts a remodeled gourmet kitchen with custom cabinetry and sleek tile flooring, complemented by a stunning living room with a vaulted wood-beamed ceiling and a floor-to-ceiling stone fireplace, enhancing its modern appeal.
Resort-Style Outdoor Living: The outdoor space is designed for entertainment and relaxation, featuring a picturesque brick courtyard with a tranquil fountain and a resort-style backyard with a sparkling pool and ample lounging space.
Desirable Walnut Acres Location: Nestled in the highly sought-after Walnut Acres neighborhood, the property benefits from a prime location known for its desirability, privacy, and potential for strong property value appreciation.

Cons

Significant Overpricing Relative to Market Data: The current list price of $2.25M is substantially higher than the estimated property value ($1.37M) and recent comparable sales in the area (ranging from $1.65M to $1.7M), suggesting a potential overvaluation.
Age of Main Residence & Potential System Updates: Built in 1955, while the kitchen is remodeled, the description does not specify updates to major systems like plumbing, electrical, or the roof, which could lead to unforeseen maintenance costs for a buyer.
Lack of Mentioned Central Cooling System: The property description highlights interior upgrades but does not explicitly mention a central cooling system, which could be a significant drawback and additional expense for buyers in the Woodland Hills climate.

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