23323 Ostronic, Los Angeles, California 91367, Los Angeles, 91367 - 4 bed, 2 bath
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23323 Ostronic
Los Angeles, California 91367
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,833Sq Ft
10,619Lot Size
Property Price
LIST PRICE$1,199,000
EST. MARKET VALUE
$1,047,067
14% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,249,000—positioned above the $1,074,625 Fair Market Value. While the price reflects a premium for the Walnut Acres location, the 10,619-square-foot flat lot offers significant upside for expansion. With a Condition Rating of 5, the home requires a full modernization to reach its potential. This asset is ideal for Value-Add Investors or Owner-Occupants looking to customize a residence in a high-growth neighborhood near the Warner Center redevelopment.
Estimated Market Value
$1,047,067
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23323 Ostronic Subject 4 bd · 2 ba · 1,833 sqft · $571 | $1,199,000* List Price | 4 | 2 | 1,833 | $571 | - |
A 5300 Blanco Avenue Sold 4 bd · 2 ba · 2,016 sqft · $603 · 1.0 mi | $1,216,000 | 4 | 2 | 2,016 | $603 | 1.0 mi |
B 5334 Bayer Place Sold 3 bd · 2 ba · 2,020 sqft · $545 · 0.4 mi | $1,100,000 | 3 | 2 | 2,020 | $545 | 0.4 mi |
C 23141 Gonzales Active 4 bd · 2 ba · 1,376 sqft · $711 · 0.3 mi | $979,000 List Price | 4 | 2 | 1,376 | $711 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1964 (60 years old) and marketed as a 'development opportunity,' this property is priced for its land value and upside. While the interior appears clean with newer laminate flooring, the presence of popcorn ceilings, original windows, and the 'longtime owner' status suggests that the kitchen, bathrooms, and major systems (HVAC/Electric) are likely original or significantly dated, requiring a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 10619, living area = 1833.
- Prime Location
Situated in the highly sought-after Walnut Acres neighborhood of Woodland Hills, the property is ideally located near top-rated schools and the massive Warner Center redevelopment project.
- Expansive Flat Lot
The 10,619-square-foot flat lot on a double cul-de-sac provides ample space for a pool and outdoor living, with easy equipment access for future construction.
CONSRISKS & DEFICIENCIES
- Renovation Required
Marketed as a development opportunity 'ready for your personal vision,' the 1964 structure likely requires significant modernization and capital investment to meet current luxury standards.
- Premium Entry Price
At a list price of $1.249M for a home in original condition, the property represents a high entry cost for buyers who must also budget for extensive remodeling or rebuilding.
About 23323 Ostronic
Located in the heart of Walnut Acres, one of Woodland Hills’ most sought-after neighborhoods, this longtime owner’s 4 BR, 2 BA, single story 1833 square feet, boasts an inviting open floor plan ready. Set on a flat 10, 619 -square-foot lot on a double cul-de-sac west of Woodlake, the property provides plenty of space for a pool, outdoor living, and easy equipment access. Vacant and easy to show, this home is ideally located near top-rated schools, shopping, dining, and the exciting billion-dollar redevelopment of Warner Center. With multi-million-dollar homes continuing to transform Walnut Acres, a drive down Ostronic makes the opportunity clear. A warm, well-cared-for home with incredible upside, ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 10,619 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,833 | 1,670.836 |
| Lot Size | 10,619 | 6,152.156 |
| Price | $1.20M | $1.34M |
| Price per sq ft | $654 | $807 |
| Built year | 1964 | 1941 |
| HOA | $0 | $238 |
| Days on market | 60 | 56 |
Pricing History
Listed for Sale
Oct 1, 2026
$1,199,000
$1,249,000
-4% Price Drop
Initial Listing
Price Change
Sep 10, 2026
$1,249,000
Initial Listing