18242 Burbank Boulevard 8, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 3 bath
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Tarzana, California 91356
This Spacious Tarzana Townhouse is a Prime Investment Opportunity, listed at $605,000—positioned well below the $706,776 Fair Market Value by 14%. This significant valuation gap provides $101,776 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the 1,750 sq. ft. interior features wood-look laminate flooring, stone countertops, and a private patio. Located near Gaspar De Portola Middle School and the Tarzana Medical Center, it offers a blend of lifestyle convenience and financial upside. This is an ideal acquisition for Owner-Occupants looking to build wealth or first-time buyers seeking a move-in-ready asset with built-in value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18242 Burbank Boulevard 8 Subject | $605,000* List Price | 3 | 3 | 1,750 | $404 | - |
A 18230 Oxnard Street 110 Sold | $750,000 | 3 | 3 | 1,745 | $430 | 0.5 mi |
B 18100 Burbank 11 Sold | $700,000 | 3 | 4 | 2,112 | $331 | 0.1 mi |
C 5644 Etiwanda Avenue 5 Sold | $742,500 | 3 | 3 | 1,673 | $444 | 0.1 mi |
D 18409 Collins Street D Sold | $677,500 | 2 | 3 | 1,659 | $408 | 0.3 mi |
E 5715 Etiwanda Avenue 4 Sold | $715,000 | 3 | 3 | 1,784 | $401 | 0.2 mi |
F 18741 Hatteras Street 1 Sold | $615,000 | 2 | 3 | 1,465 | $420 | 0.8 mi |
G 18319 Collins Pending | $699,988 List Price | 3 | 3 | 1,637 | $428 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows pride of ownership with several key updates. It features modern wood-look laminate flooring throughout the main living areas, recessed lighting, and updated bathroom vanities with stone countertops and contemporary fixtures. While the 1979 construction is still evident in the older-style shower enclosures and ceiling fans, the home has been well-maintained with fresh paint and functional systems, requiring no immediate renovations.
With approximately 1,750 square feet of living area, this townhouse offers a significantly larger footprint than typical units in this price range, providing ample room for families or those needing a home office.
The property is exceptionally well-located within walking distance to the Tarzana Medical Center, local markets, and a variety of dining options, offering high convenience and urban accessibility.
The inclusion of a private, direct-access two-car garage is a premium feature for townhouse living, providing both security and convenience that is highly sought after by Southern California buyers.
The monthly HOA fee of $600 is relatively high for a complex built in 1979, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1979, the property may require significant cosmetic updates or system modernizations to meet the aesthetic expectations of buyers looking for a contemporary luxury feel.
Spacious 3-bedroom Tarzana townhouse with approximately 1,750 sq. ft., a private patio, and a central location close to restaurants, markets, and everyday essentials. The main level features an inviting open living and dining area with plenty of natural light, flowing seamlessly into a functional kitchen with abundant storage and counter space. Upstairs, you’ll find generously sized bedrooms, including a primary suite with ample closet space and a private bath. Additional highlights include direct access to your own 2 car garage, a private patio, and a well-maintained community setting. The location adds to the home’s appeal — just minutes from Tarzana Medical Center, doctors’ offices, local markets, and a wide variety of restaurants and cafes. Everyday conveniences and neighborhood favorites are right around the corner, along with quick access to major freeways. Blending comfort, space, and convenience, this Tarzana townhouse is an easy place to settle into and call home.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,750 | 1,662 | 67% |
| Lot Size | 23,294 | 124,760 | 11% |
| Price | $605.0K | $624.8K | 39% |
| Price per sq ft | $346 | $435 | 22% |
| Built year | 1979 | 1978 | 50% |
| HOA | $600.0 | $562 | 67% |
| Days on market | 43 | 138 | 6% |
Mar 10, 2026
$605,000
Initial Listing