18307 Burbank 51, Tarzana, California 91356, Tarzana, 91356 - 2 bed, 2 bath
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18307 Burbank 51
Tarzana, California 91356
ACTIVE
CONDITION: FAIR
2Beds
2Baths
983Sq Ft
0Lot Size
Property Price
LIST PRICE$429,900
EST. MARKET VALUE
$381,129
12% AboveMARKET VALUE
SUMMARY
This Condominium represents a High-Potential Investment Opportunity, listed at a List Price of $429,900—positioned well above the $381,130 Fair Market Value by -12%. While the property requires a strategic approach, it offers a Fair Condition Rating with move-in ready potential in the gated Villa Lorena community. Featuring a private patio, pool, and two hot tubs, this unit provides a serene lifestyle near Ventura Blvd. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-located Tarzana residence.
Estimated Market Value
$381,129
Based on Realkey algorithm analyzing recent comparable sales in Tarzana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18307 Burbank 51 Subject | $429,900* List Price | 2 | 2 | 983 | $388 | - |
A 18350 Hatteras 123 Sold | $361,000 | 3 | 2 | 1,060 | $341 | 0.3 mi |
B 5700 Etiwanda Avenue 123 Sold | $395,000 | 3 | 2 | 1,075 | $367 | 0.2 mi |
C 18620 Hatteras 266 Sold | $307,777 | 2 | 2 | 911 | $338 | 0.5 mi |
D 18350 Hatteras Street 277 Sold | $410,000 | 3 | 2 | 1,050 | $390 | 0.3 mi |
E 18350 Hatteras Street 152 Sold | $339,000 | 3 | 2 | 1,050 | $323 | 0.3 mi |
F 5620 Yolanda Sold | $395,000 | 2 | 2 | 910 | $434 | 0.5 mi |
G 18408 Hatteras Street 14 Sold | $395,000 | 2 | 2 | 923 | $428 | 0.3 mi |
H 18408 Hatteras 13 Sold | $389,950 | 2 | 2 | 928 | $420 | 0.3 mi |
I 18350 Hatteras Street 267 Active | $429,000 List Price | 2 | 2 | 870 | $493 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1970, this 54-year-old condo is functional and move-in ready but shows signs of aging. While the flooring appears updated, the bathroom features dated fixtures including a pedestal sink and an older tub surround, suggesting renovations are likely 20+ years old and fall within the 'Fair' criteria for needing modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Tarzana Location
Situated in the heart of Tarzana near Ventura Blvd, this property offers exceptional access to premier shopping, dining, and major freeways while maintaining a peaceful, retreat-like atmosphere within a gated community.
- Comprehensive Community Amenities
The Villa Lorena complex provides high-value amenities including a pool, two hot tubs, beautifully landscaped pathways, a recreation room, and two secure gated parking spots with additional outdoor storage.
- Turnkey Living Condition
This move-in ready condo features a functional layout with a private patio, a primary en-suite with a vanity, and a well-appointed kitchen, making it ideal for buyers seeking an immediate residence without renovation needs.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $558 per month is relatively high for a sub-1,000 square foot unit, which may impact the overall monthly affordability and debt-to-income ratio for prospective buyers.
- Dated Infrastructure and Lack of Views
Constructed in 1970, the building may lack modern energy-efficient features, and the unit is specifically noted to have no scenic views, which could limit its competitive appeal compared to newer or elevated units.
About 18307 Burbank 51
Welcome to this beautiful home in the highly desirable Villa Lorena community, a gated complex located in the heart of Tarzana, CA. Nestled within one of the area's finest complexes this move-in ready 2-bedroom, 2-bathroom condo offers the best of city living with the serenity of a peaceful retreat. The large primary bedroom features an en-suite bathroom and vanity, while the second bedroom is well-sized and accompanied by a full hall bathroom. The beautiful kitchen, living room, and dining area are perfect for relaxing or entertaining. The private patio is perfect for your morning coffee or evening unwind. Take a walk through the beautifully landscaped pathways and enjoy the pool or one of the two hot tubs. A picnic area, and a recreation/meeting room is also at your disposal. Enjoy the peace of mind that comes with excellent security, two gated parking spots, and an outdoor storage cabinet. Just moments away from Ventura Blvd, major freeways, premier shopping destinations, parks, and hiking trails. Experience the best of city living with the serenity of a peaceful retreat. Schedule your viewing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $558.0 / Month
Neighborhood Insights
Tarzana Unified Schools
Gaspar De Portola Middle School
Grades 6-8 • 0.7 mi
6/10
Reseda Senior High School
Grades 9-12 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 983 | 1,001 |
| Lot Size | - | 150,000.368 |
| Price | $429.9K | $411.5K |
| Price per sq ft | $437 | $396 |
| Built year | 1970 | 1974 |
| HOA | $558.0 | $592 |
| Days on market | 25 | 73 |
Pricing History
Listed for Sale
Aug 15, 2026
$429,900
Initial Listing
Sold
Sep 18, 2003
$224,000
Public Record
Sold
Dec 9, 2002
$172,500
Public Record
Sold
Dec 6, 2002
$172,500
Public Record