5003 Alhama Drive, Woodland Hills, California 91364, Woodland Hills, 91364 - 3 bed, 2 bath
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Woodland Hills, California 91364
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,199,000—positioned slightly above the $1,182,803 Fair Market Value. While the property requires cosmetic updates, its Fair Condition Rating and oversized corner lot provide a solid foundation for value-add renovations. Featuring a saltwater pool, two-wing layout, and proximity to top-rated schools like Chaparral Elementary, this home offers significant lifestyle upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build long-term equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5003 Alhama Drive Subject | $1,199,000* List Price | 3 | 2 | 2,053 | $579 | - |
A 4905 Alhama Sold | $1,342,000 | 3 | 2 | 2,076 | $646 | 0.1 mi |
B 5149 Tendilla Avenue Sold | $1,095,000 | 3 | 2 | 1,497 | $731 | 0.5 mi |
C 5207 Don Pio Drive Sold | $915,000 | 4 | 2 | 1,848 | $495 | 0.7 mi |
D 5139 San Feliciano Sold | $1,300,000 | 3 | 2 | 2,159 | $602 | 0.9 mi |
E 22051 Mulholland Way Sold | $1,095,000 | 4 | 3 | 2,195 | $499 | 0.9 mi |
F 22117 San Miguel Sold | $1,031,000 | 3 | 3 | 1,671 | $617 | 0.8 mi |
G 5063 Serrania Avenue Sold | $1,155,025 | 4 | 3 | 2,328 | $496 | 0.4 mi |
H 21823 Providencia Street Active | $899,000 List Price | 3 | 3 | 1,878 | $479 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this home is functional but dated. While the kitchen has received a partial refresh with quartz countertops and stainless appliances, the bathrooms show significant age with older tile-in sinks and fixtures (>20 years). The listing's suggestion to 'update as you go' and the need for fresh paint align with the Fair criteria for a property requiring cosmetic and system modernization.
Situated on a rare oversized corner lot in a highly desirable neighborhood, this property offers a walkable lifestyle with easy access to top-rated schools, shops, and restaurants.
The backyard is a private oasis featuring a sparkling saltwater pool, a covered cabana with an outdoor lounge, and a dedicated BBQ area, perfect for Southern California living.
The smart floor plan provides excellent privacy by separating the secondary bedrooms from a massive primary suite that features vaulted wood-beamed ceilings and direct outdoor access.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The property is positioned as a value-add opportunity that needs fresh paint and modern personal touches to reach its full aesthetic and market potential.
Built in 1951, the home may require updates to older systems or structural elements typical of mid-century residences to meet contemporary efficiency and safety standards.
Back on the market - sold in multiple offers but the buyer did not perform - no fault of the house. South of the Boulevard on an oversized corner lot, this light-filled single-story ranch offers wonderful bones and a layout that's hard to find in this picture-perfect, quiet Woodland Hills neighborhood. Inside you'll find three bedrooms, two baths, hardwood floors, plantation shutters, and a white brick fireplace anchoring the main living room. The kitchen offers quartz counters, stainless appliances, and a sunny breakfast nook, plus a formal dining room for the bigger nights. The smart two-wing layout sets this one apart: a kids' wing on one end with two generously sized bedrooms and a hallway lined with built-in book ledges, and on the other, a huge primary suite with vaulted wood-beamed ceilings, a stacked-stone feature wall, a walk-in closet, and sliders opening straight to the backyard. Upgrades include water heater and HVAC (both less than two years old), washer/dryer and refridgerator (less than three years old), new pool decking, fresh paint throughout. Generous storage throughout means everything has a place. Out back, a sparkling saltwater pool, a covered cabana with outdoor lounge, a BBQ area, and multiple seating areas are made for long summer evenings. With some fresh paint and your personal touches, this home is ready to shine, and the location does the heavy lifting: walking distance to Woodland Hills Country Club, schools, shops, and restaurants, a rare combination South of the Boulevard. Move in, update as you go, and make this corner-lot ranch the one everyone wishes they'd bought.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 2.6 mi
Grades K-5 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,053 | 2,184 |
| Lot Size | 7,948 | 11,703 |
| Price | $1.20M | $1.45M |
| Price per sq ft | $584 | $651 |
| Built year | 1951 | 1960 |
| HOA | $0 | $425 |
| Days on market | 40 | 58 |
Jun 12, 2026
$1,199,000
Initial Listing
Dec 8, 2015
$660,000
Public Record
Nov 24, 2004
$639,000
Public Record