5345 Don Pio Drive, Woodland Hills, California 91364, Woodland Hills, 91364 - 2 bed, 1 bath
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Woodland Hills, California 91364
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $900,767 Fair Market Value by -10%. Featuring R2 Zoning on a 5,289 sq ft lot, this asset offers significant development upside despite its Condition Rating of 5. Located in a premium South of the Boulevard neighborhood with access to Top-Rated Schools like Calabasas High, the property is ideal for Buy-and-Hold Investors or Contractors seeking to leverage land value through renovation or future expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5345 Don Pio Drive Subject | $999,000* List Price | 2 | 1 | 1,219 | $739 | - |
A 5161 Canoga Avenue Sold | $890,000 | 2 | 1 | 1,208 | $737 | 0.5 mi |
B 5239 Comercio Avenue Sold | $925,000 | 2 | 1 | 952 | $972 | 0.5 mi |
C 22137 Ybarra Sold | $985,000 | 3 | 2 | 1,360 | $724 | 0.9 mi |
D 22101 Dumetz Rd. Active | $1,050,000 List Price | 3 | 1 | 1,329 | $790 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953, this 70+ year old property is explicitly marketed as an investment and development opportunity with a focus on land value. While interior photos show some minor cosmetic updates like laminate flooring, the listing emphasizes 'upside potential' and 'rehab,' suggesting that the core systems, kitchen, and bath are significantly dated and require major renovation.
Situated in one of Woodland Hills’ most prestigious areas, the property offers immediate proximity to Ventura Boulevard’s premier shopping, dining, and major commuter routes, ensuring strong long-term desirability.
The rare R2 zoning on a 5,289 sq ft lot provides significant upside for investors or developers to renovate, expand, or potentially build multiple units in a high-demand neighborhood.
The property is served by highly-regarded schools, including Calabasas High School and Chaparral Elementary, both boasting a rating of 8, which significantly enhances the property's appeal to families.
With only 2 bedrooms and 1 bathroom across 1,219 square feet, the current structure is undersized for the $999,000 price point and will likely require a substantial layout overhaul.
Marketed as an investment opportunity with 'upside potential,' the property likely requires extensive renovation or redevelopment to justify the initial acquisition cost and meet modern market standards.
South of the Boulevard investment opportunity in one of Woodland Hills’ most desirable locations! Situated on an approximately 5,289 sq ft lot with R2 zoning, this property offers a rare opportunity for investors, developers, and buyers looking for upside potential in a highly sought-after neighborhood. The existing 2-bedroom, 1-bath home offers approximately 1,219 sq ft of living space, a detached two-car garage, and a generous lot size with excellent potential for renovation, expansion, or future development opportunities (buyer to verify with the city). With its prime South of the Boulevard location, desirable zoning, and valuable land component, this property provides a unique chance to create long-term value. Located near Ventura Boulevard’s shopping and dining, Warner Center, parks, entertainment, and major commuter routes, this is an exceptional opportunity to acquire property in a premium Woodland Hills neighborhood. Whether you’re looking to renovate, build, or hold as an investment, this South of the Boulevard offering presents significant potential.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 2.2 mi
Grades K-5 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,219 | 2,184 |
| Lot Size | 5,289 | 11,703 |
| Price | $999.0K | $1.45M |
| Price per sq ft | $820 | $651 |
| Built year | 1953 | 1960 |
| HOA | $0 | $425 |
| Days on market | 15 | 58 |
Jul 7, 2026
$999,000
Initial Listing
Jun 16, 2021
$900,000
Public Record