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$1,057,000
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Property 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!
Full Property Details
Full Property Details for 5473 Penfield
General
- Sold For: $1,057,000
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: SR26115928
- Added to Site: 50 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, Living Room, Galley Kitchen
- Fireplace: Yes
- Fireplace(s): Living Room
- Eating Areas: Area
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: In Garage
Additional Information
- Pool: Yes
- Pool Description: Private
- Spa Description: None
Exterior
- Deck/Patio: Deck
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Los Angeles
- Driving Directions: From the west, take Ventura Blvd to Penfield (R) property on the right hand side
School Information
- School District: Los Angeles Unified
Community
- Community Features: Suburban
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,715
- Sq. Ft. Source: Assessor
- Year Built: 1951
- Year Built Source: Assessor
Lot Features
- Property View: None
- Lot Size (Acres): 0.2586
- Lot Size Source: Assessor
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $616.33
Disclosures and Reports
- Special Conditions: Trust, Standard
Listed and Sold by Rodeo Realty, Matthew Wildstein
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Schools
Schools serving 5473 Penfield
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Wilbur Charter For Enriched Academics 5213 Crebs Ave., Los Angeles, CA 91356 | K-5 | 1.4 mi |
Woodland Hills Charter Academy 20800 Burbank Blvd., Los Angeles, CA 91367 | 6-8 | 1 mi |
Taft Charter High 5461 Winnetka Ave., Los Angeles, CA 91364 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5473 Penfield
Date
Details
Price
Change
Source
6/15/2026
Sold
$1,057,000
-11.91%
MLS
5/28/2026
Listed
$1,199,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5473 Penfield, Woodland Hills, CA 91364 (MLS# SR26115928) is a Single Family property that was sold at $1,057,000 on June 15, 2026. Want to learn more about 5473 Penfield? Do you have questions about finding other Single Family real estate for sale in Woodland Hills? You can browse all Woodland Hills real estate or contact a Coldwell Banker agent to request more information.

