18237 Clark Street, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 3 bath
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Tarzana, California 91356
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $1,229,000—positioned below the $1,249,000 Fair Market Value by 1%. This valuation gap offers $20,000 in Instant Equity for buyers. Featuring a Condition Rating of 5, the property requires comprehensive rehabilitation but offers significant ROI via its 9,502 sqft lot and ADU potential. Located near Gaspar De Portola Middle School, this post-foreclosure home is ideal for Fix-and-Flip Investors or Contractors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18237 Clark Street Subject | $1,229,000* List Price | 3 | 3 | 1,812 | $689 | - |
A 18234 Sugarman Street Sold | $1,065,000 | 3 | 2 | 1,422 | $749 | 0.8 mi |
B 18240 Weddington Street Sold | $970,000 | 3 | 2 | 1,386 | $700 | 0.1 mi |
C 5921 Chimineas Avenue Sold | $1,190,000 | 4 | 3 | 2,293 | $519 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property is a post-foreclosure home that requires substantial rehabilitation. The kitchen is extremely dated, featuring 1970s/80s-era laminate cabinetry with wood trim, tiled countertops, and aged appliances. The listing description and property analysis explicitly state that the home needs comprehensive updating and significant renovation, placing it in the poor category due to the level of modernization required to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9502, living area = 1812.
The generous 9,500+ square foot lot provides ample space for property expansion or the addition of an Accessory Dwelling Unit (ADU), offering significant flexibility for future value growth.
Situated in a quiet, desirable Tarzana cul-de-sac with convenient access to local shopping, dining, and major freeways, balancing privacy with urban accessibility.
The home is in need of comprehensive updating and modernization, which will require a substantial upfront investment of time and capital from the buyer.
The immediate elementary schools assigned to the property carry lower ratings, which may be a concern for families prioritizing high-performing educational districts.
Rare opportunity in desirable Tarzana cul-de-sac location. This 3bdr home has generous +9,500sq ft lot. The property needs updating but offers excellent potential to renovate, expand, or possible add an ADU. Ideal for buyers looking to create their dream home as well as investors seeking value-add potential. Close to shopping, dining with convenient freeway access. Property sold after foreclosure, opportunities like this are rare, act quickly.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 25% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,812 | 2,873 | 16% |
| Lot Size | 9,502 | 17,010 | 28% |
| Price | $1.23M | $1.83M | 16% |
| Price per sq ft | $678 | $664 | 54% |
| Built year | 1954 | 1964 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 170 | 7% |
Apr 7, 2026
$1,229,000
$1,249,000
-2% Price Drop
Initial Listing
Mar 17, 2026
$1,249,000
Initial Listing
Jun 13, 2003
$425,000
Public Record
Jul 1, 1998
$263,000
Public Record