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$1,950,000

Beds
5
Baths
3.0
sq ft
2,712

22345 Mulholland Dr, Woodland Hills, CA 91364

22345 Mulholland Dr

Woodland Hills, CA 91364

  • 234 days on market
    • Price drop $300,000↓
Attention developers and builders!!! Here is your opportunity to bring a breathtaking property in the Mulholland scenic corridor, south of the Blvd in the prestigious neighborhood of Mulwood/Woodland Hills to the finish line. The impressive gem offers an 20,000+ sqft lot with RTI approved plans and permits to build a proposed 8,500sqft+ residence. In addition, the open space can also allow a 700-1000 sqft Casita or ADU to increase total square footage to just under 10,000sqft! The current 2700 sqft properties interior was torn down to the studs, exterior remaining in tact for plans approved through the vigorous and time consuming Mulholland review board and all permit fees paid. The architect's minimalistic vision is one of class & modern elegance featuring floor-to-ceiling walls of glass that disappear for seamless indoor/outdoor living with multiple expansive decks, 3-4 car subterranean garage, and zero edge pool. Most of the heavy lifting has been done. Soil reports, topography and slope analysis have all been completed and the green light has been given. Be the first to take advantage of this amazing opportunity to build your dream home for personal enjoyment or investment flip. Plans also include additional amenities such as gym, sauna and steam room, sports court and theater. Previous Developer will assist with finalization of transfer of permits to new buyer. Make this amazing opportunity your reality!

Details

Property type

Single Family Residence

Est. home value

$1,434,519

Lot size

0.4792 acres

Price per sq ft

$720

Year built

1962

Price History

01/22/2024
CRMLS

CRMLS #SR23207870

Price change
$1,950,000
-13.33%
11/10/2023
CRMLS

CRMLS #SR23207870

Listed
$2,250,000

Schools & Community

Neighborhood: 

Woodland Hills

Elementary school: 

Unknown

Middle school: 

A.E. Wright

High school: 

Calabasas

Community features: 

Park, Sidewalks

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,036,593
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$757,407
Cash to seller
$1,036,593

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American Pacific Mortgage Corp

Loan start date

November 2020

Original loan amount

$822,375

Est. remaining balance

$757,407

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Warren Braithwaite

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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21221 Mulholland Dr, Woodland Hills, CA 91364

Status: Active

Tomo last checked: 07/01/2024 at 11:45 AM

Listing updated: 01/22/2024 at 11:32 AM

Listed by: Jahmall Ellis, Sotheby's International Realty Phone #: (310) 205-0305

MLS: CRMLS #SR23207870

CRMLS logo

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