
Woodland Hills, California 91367
This Major Fixer Asset presents a High-Potential Investment Opportunity with a List Price of $529,000—positioned well below the $746,653 Fair Market Value by 15%. This valuation gap offers $217,653 in Instant Equity for buyers prepared to execute a comprehensive rehabilitation plan. The property holds a Poor Condition Rating and is situated on a 7,014 Sq Ft Lot within the Los Angeles Unified district, offering significant ROI through forced appreciation. This high-reward acquisition is ideal for Fix-and-Flip Investors or Contractors seeking a high-upside probate auction in Woodland Hills.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5547 Shoup Avenue Subject | $651,500* List Price | 3 | 1 | 978 | $666 | - |
A 22716 Berdon Street Active Under Contract | $750,000 List Price | 2 | 1 | 968 | $775 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property is explicitly described as a 'Major Fixer' and sold 'as is, where is.' The images confirm extreme neglect, with peeling paint/plaster, dirty and damaged flooring, outdated and potentially non-functional systems (e.g., old wall heater), and significant debris both inside and out. The garage appears structurally compromised. The overall condition indicates substantial repairs and rehabilitation are required, making it unsafe and uncomfortable for immediate occupancy, aligning with the 'Poor' classification.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7014, living area = 978.
Situated in Woodland Hills, a highly desirable area known for its quality of life and strong market demand within Los Angeles County.
Explicitly marketed as a 'Major Fixer,' offering an excellent opportunity for renovation, customization, and substantial equity growth for investors or owner-occupants.
The property is a 'Major Fixer,' necessitating significant capital investment and time for comprehensive upgrades and repairs to meet modern standards.
Requires an 'ALL CASH SALE,' is subject to court confirmation and overbidding, and is sold 'as-is' with limited viewing, significantly narrowing the buyer pool and adding procedural complexities.
With only 978 Sq Ft of living space and a single bathroom for three bedrooms, the property offers constrained living quarters and limited modern functionality.
Probate Sale! Estate of Mark Knabenshue. ALL CASH SALE! Buyer must provide 10% Cashiers Check payable to the ESTATE OF MARK KNABENSHUE and Proof of Funds! This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time are TBD. This 3 bed; 1 bath Single Family Home built in 1952 features +/-978 Sq Ft of living space, +/-7,012 Sq Ft lot, APN: 2040-015-003. The owner passed away on the Property. Major Fixer! A great opportunity to renovate and make it your own! This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. (Timing of hearing is subject to the courts calendar approximately 60-days after the initial offer deadline date).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 30% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 978 | 2,367 | 2% |
| Lot Size | 7,014 | 11,275 | 11% |
| Price | $651.5K | $1.35M | 2% |
| Price per sq ft | $666 | $627 | 57% |
| Built year | 1952 | 1960 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 174 | 22% |
Apr 14, 2026
$651,500
$529,000
+23% Price Increase
Initial Listing
Mar 16, 2026
$529,000
$861,500
-39% Price Drop
Initial Listing
Feb 3, 2026
$861,500
$479,000
+80% Price Increase
Initial Listing
Jan 12, 2026
$479,000
Initial Listing