23347 Collins Street, Woodland Hills, California 91367, Woodland Hills, 91367 - 4 bed, 3 bath
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23347 Collins Street
Woodland Hills, California 91367
ACTIVE
CONDITION: TEAR DOWN
4Beds
3Baths
2,344Sq Ft
18,247Lot Size
Property Price
LIST PRICE$1,649,000
EST. MARKET VALUE
$1,664,839
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,649,000—positioned well below the $1,664,839 Fair Market Value by 0.95%. This valuation gap offers $15,839 in Instant Equity for buyers. Featuring a Fair Condition Rating and a massive 18,247 sq. ft. flat lot, the site provides significant flexibility for redevelopment in the desirable Walnut Acres neighborhood. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Developers looking to maximize the potential of this expansive flag lot.
Estimated Market Value
$1,664,839
Based on Realkey algorithm analyzing recent comparable sales in Woodland Hills.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23347 Collins Street Subject | $1,649,000* List Price | 4 | 3 | 2,344 | $710 | - |
A 23540 Collins Sold | $1,745,000 | 3 | 3 | 2,030 | $860 | 0.2 mi |
B 23939 Califa Street Sold | $1,300,000 | 4 | 3 | 2,313 | $562 | 0.8 mi |
C 23357 Hatteras Street Sold | $1,681,125 | 4 | 3 | 2,260 | $744 | 0.1 mi |
D 23354 Hatteras Street Sold | $1,550,000 | 3 | 3 | 1,835 | $845 | 0.1 mi |
E 23459 Canzonet Street Active | $1,199,000 List Price | 3 | 2 | 1,930 | $621 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1967 (>50 years old) with no evidence of renovations, this property is explicitly marketed as a 'development opportunity' for its large lot. Interior photos reveal significant damage, including holes in the laminate flooring and neglected walls, while the exterior is completely overgrown, indicating the structure is likely unlivable and valued for the land.
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 = 18247, living area = 2344.
- Expansive Private Lot
The property features a massive 18,247 sq. ft. flat flag lot with a gated entrance and long driveway, offering exceptional privacy and space rarely found in the Walnut Acres neighborhood.
- High Development Potential
Marketed as a prime development opportunity, the site provides significant flexibility for investors or owner-users to renovate, expand, or completely redevelop the existing structure into a luxury estate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18247, other record lot size in square feet = 18191.
- Dated Condition
Built in 1967, the existing home likely requires substantial capital investment for modernization or a full rebuild to meet the standards of today's luxury buyers.
- Flag Lot Accessibility
The flag lot configuration and long driveway, while private, can limit street visibility and may present logistical challenges for guest parking or large-scale construction equipment.
About 23347 Collins Street
Exceptional development opportunity in the highly desirable Walnut Acres neighborhood. A private gated entrance and long driveway lead to this expansive 18,247 sq. ft. flat lot, offering a secluded setting with ample space and privacy. This flag lot is perfect for an owner-user, investor or developer seeking a rare opportunity to renovate, expand or redevelop. Ideally located nearby top-rated schools and an array of premier shopping, dining and entertainment destinations, including Fallbrook Center, Westfield Topanga, Topanga Village, Warner Center and Ventura Boulevard. The existing single-story home offers 4 bedrooms and 3 bathrooms, with well-proportioned living spaces highlighted by an oversized family room that opens to a kitchen with a walk-in pantry, as well as a spacious formal living and dining room. Additional features include a primary suite with a walk-in closet and ensuite bath, laundry room, two-car garage and an extensive backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 18,247 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,344 | 2,235.675 |
| Lot Size | 18,247 | 10,981.318 |
| Price | $1.65M | $1.39M |
| Price per sq ft | $703 | $640 |
| Built year | 1967 | 1960 |
| HOA | $0 | $434 |
| Days on market | 23 | 60 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,649,000
Initial Listing
Sold
Feb 16, 2021
$1,255,000
Public Record