22963 Ostronic Drive, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 3 bath
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Woodland Hills, California 91367
This Multi-Unit Residential Compound in the prestigious Walnut Acres neighborhood is listed at $1,274,000, representing a strategic acquisition reflecting its $1,151,208 Fair Market Value and high-value additions. Boasting a Condition Rating of 3, the property features a brand-new 490 sq ft ADU with a full kitchen and a separate 120 sq ft office, providing immediate rental income potential. Situated on an expansive 9,005 sq ft gated corner lot near award-winning schools, this home balances vintage charm with modern utility. It is a premier choice for Owner-Occupants seeking a "house-hack" or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22963 Ostronic Drive Subject | $1,274,000* List Price | 3 | 3 | 1,806 | $637 | - |
A 23153 Canzonet Street Sold | $1,360,000 | 4 | 3 | 2,200 | $618 | 0.2 mi |
B 22616 Dolorosa Street Sold | $1,000,000 | 3 | 2 | 1,330 | $752 | 0.5 mi |
C 22901 Leonora Drive Active | $1,200,000 List Price | 3 | 2 | 1,850 | $649 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained 1953 ranch that has been upgraded to preserve original details, making it move-in ready. While the main house features dated elements like wood paneling and older window frames, the inclusion of a brand-new 490 sq ft ADU with modern kitchen, bath, and mini-split HVAC significantly boosts the overall condition and system ratings.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9005, living area = 1806.
The property includes a newly constructed 490 sq ft ADU with a full kitchen and laundry, plus a separate 120 sq ft storage/office unit, providing excellent rental income potential or multi-generational living flexibility.
Situated in the highly desirable Walnut Acres neighborhood, the home is served by award-winning schools and offers convenient access to luxury shopping and dining at The Commons at Calabasas and Westfield Topanga.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9005, other record lot size in square feet = 8935. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1806, other record living area = 1317. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1953 and maintained to preserve original details like wood paneling, the interior may feel dated to modern buyers and require cosmetic updates to meet contemporary tastes.
At 1,806 square feet for a 3-bedroom home, the interior living space may feel restrictive for larger families, especially since the third bedroom is currently utilized as a flexible family room space.
This beautiful California Ranch Style Home has Brand New ADU and Storage. Situated on an Expansive Corner Lot within sought-after Walnut Acres of Woodland Hills, This home has been upgraded and maintained to preserve its Original details throughout. Approaching the property, you will be greeted by wide and spacious circular Driveway with an automatic Gate Openers and adorned with majestic Mature Trees and drought -Tolerant Landscaping. A Spacious Living room with Wood beamed Ceiling and hardwood floor with a warming Brick Fireplace lead to dining area and kitchen through Custom Wood Archways. The Kitchen is equipped with a 6- Burner gas cooktop, Wall Oven, Walk-In Pantry and ample storage. The 3rd Bedroom , accented by Wood-Paneling with access to the bath, Can serve as a bedroom or family room, with direct access to the to the yard through the Patio. Serviced by Award-Winning Schools and conveniently Located within minutes of Restaurants, Entertainment and Shopping destinations along Ventura BLVD, Old Town Calabasas. The Commons, El Camino Shopping Center, Westfield Topanga Mall. On the Royer side of the property, there is a 490 Sq ft an brand new ADU with full Kitchen, Bathroom, Laundry and Closet for use as a Rental or a Guest house. Also there is a new Storage ( 120 Sq ft ) which can be used as an Office or etc..
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 30% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,806 | 2,367 | 30% |
| Lot Size | 9,005 | 11,275 | 31% |
| Price | $1.27M | $1.35M | 44% |
| Price per sq ft | $705 | $627 | 65% |
| Built year | 1953 | 1960 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 174 | 1% |
Apr 20, 2026
$1,274,000
Initial Listing
Nov 2, 2023
$1,045,000
Public Record