5473 Penfield
Woodland Hills, CA, 91364
$1,199,950
MLS: SR26115928
Beds
3
Baths
3
Sq Ft
1,715
Lot
0.26 ac
Year Built
1951
MLS #
SR26115928
Days on Market
5
Listed
May 28, 2026
Description
WOW!! Exceptional opportunity for investors, developers, and builders seeking a value-add project with significant upside potential! This single-story pool home is situated on an expansive 11,263 sq. ft. lot, offering outstanding redevelopment and investment possibilities. The property presents a rare opportunity for expansion, new construction, or income-producing development, including potential for an ADU, JADU, and possible SB 9 opportunities (buyer to verify with the City). Conveniently located near shopping, dining, schools, and easy freeway access, this property combines a desirable location with substantial lot size and strong development potential. The home does require several repairs and is likely best suited for cash buyers looking to maximize the property's value. Whether you are planning a renovation, lot split, multi-unit development, or long-term investment project, this property offers exceptional flexibility and opportunity. Large lots with this level of development potential are increasingly hard to find—don’t miss this unique investment opportunity!
Location
Woodland Hills, Los Angeles County, CA 91364
Open on Google Maps ↗Listed by: Matthew Wildstein · Rodeo Realty
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.
Similar Homes Nearby
Active and pending listings in ZIP 91364 (Woodland Hills)within ±10% of this home's price and size.
$1,190,000
4535 San Blas
Woodland Hills, 91364
$1,195,000
22438 Venido Road
Woodland Hills, 91364
$1,195,000
4404 Canoga Drive
Woodland Hills, 91364
$1,200,000
4938 Medina Road
Woodland Hills, 91364
$1,235,000
22261 Ybarra Road
Woodland Hills, 91364
$1,245,000
5076 Escobedo Drive
Woodland Hills, 91364
Local Market Stats
See Woodland Hills, CA 91364 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
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.