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5703 Mcdonie Avenue, Woodland Hills, California 91367, Woodland Hills, 91367 - 3 bed, 2 bath

5703 Mcdonie Avenue, Woodland Hills, California 91367 home-pic-0
ACTIVE$999,000
5703 Mcdonie Avenue, Woodland Hills, California 91367
3Beds
2Baths
1,404Sqft
16,232Lot
Year Built
1959
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$712
HOA
-
Days on market
-
Sold On
-
MLS number
SR25090339
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(17th), sqft - 1404(12th), beds - 3(37th), baths - 2(39th).

"Back on the market due to buyer's non-performance, no fault of the property. This property features an expansive lot of over 16,000 square feet, complete with a fixer-upper house and an attached garage. It presents an excellent opportunity to build your dream home, as it comes with project permits ready for processing (RTI). Plans and permits are in place for a 3,580-square-foot house with four bedrooms, four bathrooms, one powder room, two 2-car garages, and a pool. The buyer will pay the permit fees and pull the permits. All plans and construction documents are included in the sale price. This property is a fantastic investment in the highly sought-after Carlton Terrace neighborhood of Woodland Hills. The plans' renderings are available for viewing. The image shown is a rendering of a potential future home. Rendering is for Illustrative purposes only.

Price History

Date
Event
Price
04/25/25
Listing
$999,000
Condition Rating
Tear down
The property was built in 1959, making it 65 years old. The listing explicitly describes it as a 'fixer-upper house' and highlights the 'opportunity to build your dream home,' stating that 'project permits ready for processing (RTI)' and 'plans and permits are in place for a 3,580-square-foot house.' The images provided include renderings of a completely new, modern home, further emphasizing that the value is in the land and redevelopment potential, not the existing structure. There are no interior photos, which, combined with the description, suggests the current house is not considered livable or worth renovating. This aligns perfectly with the 'tear-down' criteria where the structure is beyond repair and the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Pre-Approved Development Plans: The property includes Ready-to-Issue (RTI) permits and detailed plans for a new 3,580 sq ft home with 4 beds, 4 baths, two 2-car garages, and a pool, significantly streamlining the development process.
Expansive Lot Size: An expansive 16,232 square foot lot provides ample space for the planned large new construction, a pool, and extensive outdoor living areas.
Desirable Neighborhood: Located in the highly sought-after Carlton Terrace neighborhood of Woodland Hills, offering strong investment potential and access to desirable community amenities.
Comprehensive Project Documentation: All detailed plans and construction documents for the new build are included in the sale price, providing a complete package for the buyer.
Custom Build Opportunity: This property presents a unique opportunity for a buyer to build a custom dream home tailored to their exact specifications on a substantial lot.

Cons

Existing Structure Condition: The current house is a 'fixer-upper,' implying it will likely need to be demolished, adding an additional cost and step to the development process.
Buyer-Assumed Permit Fees: While plans are RTI, the buyer is responsible for paying the permit fees and pulling the permits, representing an additional upfront cost.
Extensive Construction Required: The property is not move-in ready and requires a significant construction project, demanding substantial time, effort, and financial commitment from the buyer.

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