Hankerson paid $475,000 for the property in Feb. 2001. The 4,590-square-foot home was built in 1997.
Dana Olmes of Sotheby's International Realty is the listing agent for the home.
Hankerson has worked as an actor, executive producer, musical director, manager and record producer. He founded and managed Blackground Records, and was also once married to Motown legend Gladys Knight.
According to BlockShopper.com, there were 2 home sales in Unincorporated Woodland Hills in 2008, with a median sales price of $780,000.
Address: 23460 Hatteras Street
Buyer(s): Black (Family Trust) and Barry L Hankerson (Trustee)
Seller(s): Barry L Hankerson
Sale date: Jul. 17, 2008