4978 Topanga Canyon Boulevard, Woodland Hills, California 91364, Woodland Hills, 91364 - 3 bed, 1 bath
ACTIVE$1,150,000
4978 Topanga Canyon Boulevard, Woodland Hills, California 91364
3Beds
1Bath
1,054Sqft
6,252Lot
Price Vs. Estimate
The estimated value ($895,329.185) is $254,670.815 (22%) lower than the list price ($1,150,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Development Potential: The property boasts LAR 1.5 zoning, allowing for the construction of two primary units plus two Accessory Dwelling Units (ADUs), totaling four potential income-generating units. This offers significant upside for investors.
Top Cons:
Limited Bathroom Count: With only one bathroom for a 3-bedroom home, this property has a low bath-to-bed ratio, which may require immediate renovation for comfortable living or multi-unit conversion.
Compared to the nearby listings
Price:$1.15M vs avg $1.35M ($-200,000)33%
Size:1,054 sqft vs avg 2,270.5 sqft2%
Price/sqft:$1.1K vs avg $62699%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is 74 years old with no indication of recent major renovations. The listing description heavily emphasizes its 'potential' for redevelopment, including building multiple units and ADUs, which suggests the primary value lies in the land and zoning, rather than the existing structure. Without interior photos, it's highly probable that the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are original or severely outdated, requiring substantial repairs and rehabilitation to meet modern living standards. The exterior appears dated, consistent with its age. While it might be technically livable, it would likely be uncomfortable and require significant investment to bring it up to a desirable condition.
Year Built
1950
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$1,091
HOA
-
Days on market
-
Sold On
-
MLS number
SR25191663
Home ConditionPoor
Features
View-
About this home
This isn’t just a single-family home; it’s brimming with potential! You can either enjoy it as your cozy residence and turn the garage into an ADU, or transform it into your next big investment property. With LAR 1.5 zoning, you have the option to build two units along with two ADUs. Don’t hesitate—seize this fantastic opportunity to own four units in the sought-after area south of Ventura Boulevard in Woodland Hills, just minutes away from Malibu, Topanga Mall, and the 101 Freeway!
Nearby schools
8/10
Chaparral Elementary School
Public,•K-5•1.4mi
3/10
Hart Street Elementary School
Public,•K-5•2.8mi
6/10
Bay Laurel Elementary School
Public,•K-5•3.0mi
8/10
Round Meadow Elementary School
Public,•K-5•3.5mi
7/10
Alice C. Stelle Middle School
Public,•6-8•1.2mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.4mi
6/10
Gaspar De Portola Middle School
Public,•6-8•3.7mi
3/10
Christopher Columbus Middle School
Public,•6-8•3.7mi
7/10
Arthur E. Wright Middle School
Public,•6-8•5.8mi
8/10
Calabasas High School
Public,•9-12•1.8mi
4/10
Canoga Park Senior High School
Public,•9-12•2.5mi
4/10
Reseda Senior High School
Public,•9-12•4.8mi
Condition Rating
Poor
Built in 1950, this property is 74 years old with no indication of recent major renovations. The listing description heavily emphasizes its 'potential' for redevelopment, including building multiple units and ADUs, which suggests the primary value lies in the land and zoning, rather than the existing structure. Without interior photos, it's highly probable that the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are original or severely outdated, requiring substantial repairs and rehabilitation to meet modern living standards. The exterior appears dated, consistent with its age. While it might be technically livable, it would likely be uncomfortable and require significant investment to bring it up to a desirable condition.
Pros & Cons
Pros
Exceptional Development Potential: The property boasts LAR 1.5 zoning, allowing for the construction of two primary units plus two Accessory Dwelling Units (ADUs), totaling four potential income-generating units. This offers significant upside for investors.
Prime Location: Situated in the highly sought-after area south of Ventura Boulevard in Woodland Hills, known for its desirable neighborhoods and community amenities.
Excellent Accessibility: Conveniently located just minutes from Malibu, Topanga Mall, and the 101 Freeway, providing easy access to entertainment, shopping, and major transportation routes.
Versatile Investment Opportunity: Offers flexibility for buyers, serving as either a primary residence with ADU income potential or a full-scale multi-unit investment property.
Generous Lot Size: The 6,252 sqft lot provides ample space to realize the full development potential, accommodating multiple units and ADUs as permitted by zoning.
Cons
Limited Bathroom Count: With only one bathroom for a 3-bedroom home, this property has a low bath-to-bed ratio, which may require immediate renovation for comfortable living or multi-unit conversion.
Older Construction: Built in 1950, the property is likely to require significant updates to its systems, finishes, and overall infrastructure to meet modern standards and maximize its value, especially for multi-unit development.
Lack of Scenic Views: The property explicitly states 'None' for views, which could be a drawback for buyers seeking panoramic or desirable scenic outlooks.