23201 Califa Street
Woodland Hills, CA, 91367
$1,699,000
MLS: SR26228010
Beds
3
Baths
2
Sq Ft
1,722
Lot
0.44 ac
Year Built
1952
MLS #
SR26228010
Days on Market
5
Listed
Oct 21, 2026
Description
Rare development opportunity in the heart of Walnut Acres! Situated on an expansive, nearly half-acre flat corner lot spanning over 19,000 square feet, this exceptional property offers incredible possibilities for builders, developers, and end users looking to create something special in one of Woodland Hills' most desirable neighborhoods. With its generous dimensions, flat topography, and prime corner location, the property presents an outstanding opportunity to build a spectacular custom estate with a resort-style backyard, swimming pool, guest house, and ADU, or explore the potential for multiple residences under California's SB 9 housing law, subject to eligibility and city approval. The existing 1952 residence and detached two-car garage provide a starting point for a complete transformation or an entirely new vision. Architectural plans for a new custom home will be available shortly and may be provided to interested buyers. Surrounded by impressive new construction and beautifully renovated estates, Walnut Acres continues to attract homeowners and developers seeking larger parcels and luxury residential opportunities. Adding to the area's appeal is the exciting transformation of nearby Warner Center, including the Los Angeles Rams' headquarters and the proposed 52-acre Rams Village development, featuring new dining, shopping, entertainment venues, parks, and public gathering spaces. Conveniently located near Walnut Acres Elementary and Woodlake Elementary Community Charter, neighborhood parks, shopping, dining, and everything Woodland Hills has to offer. Whether you're looking to build your dream estate or explore a multi-home development, opportunities with this much flat land in Walnut Acres are increasingly rare. Buyer to independently verify zoning, SB 9 eligibility, subdivision potential, ADU allowances, permits, and all development possibilities with the appropriate authorities.
Location
Woodland Hills, Los Angeles County, CA 91367
Open on Google Maps ↗Listed by: George Ouzounian · The Agency
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$13,211
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $169,900 · Loan: $1,529,100
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $10,504
- Property tax (1.25%)
- $1,770
- Homeowners insurance
- $300
- Mortgage insurance
- $637
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Woodland Hills home with as little as 3.5% down using an FHA loan — roughly $59,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Woodland Hills, CA 91367 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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