5823 Lubao Avenue
Woodland Hills, CA, 91367
$2,200,000
MLS: SR26075220
Beds
3
Baths
3
Sq Ft
2,274
Lot
0.51 ac
Year Built
1950
MLS #
SR26075220
Days on Market
12
Listed
Apr 9, 2026
Description
Welcome to a truly rare offering in Los Angeles—where expansive space, privacy, and limitless potential converge on an exceptional flat half-acre lot. Located in the coveted College Acres neighborhood in Woodland Hills. This impressive 100' x 220' property features double electric gates, a circular driveway, and convenient rear yard access, creating both presence and privacy. The beautifully maintained main residence exudes classic ranch-style curb appeal and offers approximately 1,924 square feet of thoughtfully designed living space with three bedrooms and three bathrooms. Complementing the home is an additional pool house/office, approximately 350 of living square feet, easily convertible into an ADU for added flexibility or income potential. A custom oversized front door welcomes you into a spacious living room highlighted by a fireplace, soaring cathedral wood ceilings, and rich wood flooring. The updated kitchen boasts granite countertops and a breakfast bar that opens seamlessly to a stunning dining room featuring a dramatic floor-to-ceiling brick fireplace, built-in grill, and charming window seat—perfect for memorable gatherings. The primary suite is a serene retreat with dual closets featuring built-ins, a skylight that fills the room with natural light, and a beautifully renovated bathroom complete with double sinks, quartz countertops, and an oversized shower. Wide-plank oak floors, newer doors and windows, and sliding glass doors throughout the home further enhance the bright, airy atmosphere. Step outside to a covered porch and enjoy quintessential California living. The backyard oasis features a PebbleTec pool with a Baja bench and built-in spa, ideal for both relaxing weekends and entertaining under the sun. A large grassy yard, whimsical treehouse, and metal three-car garage add even more appeal. What truly sets this property apart is its remarkable development potential. This is a rare opportunity to expand the existing home, build a custom estate, create a multi-generational compound, or develop multiple residences. Whether you envision a forever family home, a private estate with room to grow, or an exceptional investment opportunity, this property offers unmatched versatility in one of Los Angeles’ most desirable areas. Cherished by only two owners over the last 76 years, opportunities like this are exceedingly rare. Live in it, expand it, or build something extraordinary—this is a once-in-a-generation offering.
Location
Woodland Hills, Los Angeles County, CA 91367
Open on Google Maps ↗Listed by: Katherine Stark · Coldwell Banker Realty
Payment estimate
$15,582
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $220,000 · Loan: $1,980,000
- Principal & Interest
- $12,165
- Property tax (1.25%)
- $2,292
- Homeowners insurance
- $300
- Mortgage insurance
- $825
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $77,000 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.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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