4140 Picasso Avenue, Woodland Hills, California 91364, Woodland Hills, 91364 - 3 bed, 3 bath
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Woodland Hills, California 91364
This Value-Add Asset is a strategic acquisition for those looking to build equity through a full-scale renovation. Listed at $1,199,000, the property is positioned above its $1,006,071 Fair Market Value, reflecting the high demand for its South of the Boulevard location. Holding a Condition Rating of 5, the 1972 structure requires significant mechanical and cosmetic updates. However, the 8,342 SqFt Corner Lot and proximity to Top-Rated Schools like Chaparral Elementary and Calabasas High offer substantial upside potential. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4140 Picasso Avenue Subject | $1,189,000* List Price | 3 | 3 | 2,087 | $486 | - |
A 4140 Cachalote Street Sold | $1,041,000 | 3 | 3 | 2,401 | $434 | 0.3 mi |
B 22051 Mulholland Way Sold | $1,095,000 | 4 | 3 | 2,195 | $499 | 0.6 mi |
C 4616 Coyle Sold | $1,315,000 | 3 | 4 | 2,202 | $597 | 0.9 mi |
D 21694 Yucatan Avenue Sold | $1,275,000 | 4 | 3 | 2,887 | $442 | 0.7 mi |
E 22137 Ybarra Sold | $985,000 | 3 | 2 | 1,360 | $724 | 0.8 mi |
F 4938 Medina Road Active | $1,200,000 List Price | 3 | 3 | 1,811 | $663 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1972 property is a classic 'fixer-upper' sold as-is, showing significant signs of age with no major renovations in over 40 years. The kitchen and bathrooms are functionally obsolete, featuring original cabinetry, dated tile countertops, and aged appliances. Interior finishes include popcorn ceilings, worn carpeting, and outdated fluorescent lighting. The listing's own analysis suggests that major systems like electrical, plumbing, and HVAC likely require replacement, placing it in the category of homes needing substantial rehabilitation.
Situated 'South of the Boulevard' on a quiet cul-de-sac in one of Woodland Hills' most prestigious neighborhoods, offering both privacy and high resale value.
The property provides access to highly-rated schools, including Chaparral Elementary and Calabasas High School, which is a major draw for families.
The sweeping 8,342 square foot corner lot offers significant curb appeal and ample space for a pool, ADU, or extensive landscaping.
The property is sold as-is with no repairs or credits, meaning the buyer must be prepared to cover all costs for necessary structural or cosmetic improvements.
Built in 1972 and held for four decades, the home likely requires significant updates to major systems such as electrical, plumbing, and HVAC to meet modern standards.
Trust sales often come with limited seller disclosures regarding the property's history, requiring a more rigorous and cautious inspection process for the buyer.
TRUST SALE - sold as-is with no repairs or credits. First time on the market in over 40 years. Located south of the Boulevard on a quiet cul-de-sac in one of Woodland Hills' most desirable neighborhoods. Sweeping corner lot with excellent potential. 3 bedrooms and 3 baths, including a master bedroom with en-suite bath and hall bath with dual sinks. Laminate wood-style flooring in entry, living room, dining area, and hallway. Sliding glass doors open to spacious backyard. This home is just minutes from Westfield Topanga, The Village, shopping, dining, and award winning schools.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 3.0 mi
Grades K-5 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,087 | 2,218 | 41% |
| Lot Size | 8,342 | 9,862 | 39% |
| Price | $1.19M | $1.31M | 37% |
| Price per sq ft | $570 | $620 | 40% |
| Built year | 1972 | 1962 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 180 | 13% |
Mar 28, 2026
$1,189,000
$1,199,000
-1% Price Drop
Initial Listing
Feb 6, 2026
$1,199,000
Initial Listing