18307 Burbank, Tarzana, California 91356, Tarzana, 91356 - 1 bed, 1 bath
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Tarzana, California 91356
This High-Potential Investment Opportunity is listed at $299,000, positioned well below the $309,439 Fair Market Value by 3%. This valuation gap offers $10,439 in Instant Equity. Featuring a Fair Condition Rating with original 1970s elements, the unit provides a clear path for value-add cosmetic renovations. With its Pool-Facing View and prime location near Ventura Boulevard, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Tarzana market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18307 Burbank Subject | $299,000* List Price | 1 | 1 | 679 | $456 | - |
A 18645 Hatteras Street 184 Sold | $322,000 | 1 | 1 | 605 | $532 | 0.6 mi |
B 18645 Hatteras Street 237 Sold | $320,000 | 1 | 1 | 605 | $529 | 0.6 mi |
C 18620 Hatteras 266 Sold | $307,777 | 2 | 2 | 911 | $338 | 0.5 mi |
D 5700 Etiwanda Avenue 248 Sold | $360,000 | 2 | 1 | 855 | $421 | 0.2 mi |
E 18645 Hatteras Street 110 Sold | $345,000 | 1 | 1 | 605 | $570 | 0.6 mi |
F 5644 Yolanda Avenue 3 Sold | $359,000 | 2 | 1 | 793 | $453 | 0.5 mi |
G 18530 Hatteras Street 115 Active | $260,000 List Price | 1 | 1 | 634 | $410 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property shows some cosmetic updates such as newer wood-look flooring and neutral paint. However, the kitchen is dated with older electric coil appliances and laminate countertops, and the presence of popcorn ceilings suggests the unit has not undergone a full modern renovation in over 20 years.
Priced under $300,000, this property represents a rare and highly affordable entry point into the Tarzana real estate market, ideal for first-time buyers or investors.
The unit offers excellent walkability and transit access, situated minutes from Ventura Boulevard’s dining and shopping, Balboa Park, and the 101 freeway.
Positioned with a pool-facing view within a gated community, the condo enjoys a resort-style atmosphere and enhanced natural light compared to interior-facing units.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =235933, other record lot size in square feet = 235548.
The monthly HOA fee of $493 is relatively high for a one-bedroom unit of this size, which may impact the overall monthly carrying costs for budget-conscious buyers.
With only 679 square feet and a traditional galley kitchen, the layout lacks modern open-concept features and does not include in-unit laundry facilities.
Welcome to Villa Lorena in Tarzana. This bright and inviting 1-bedroom, 1-bath condominium offers 679 square feet of comfortable living space in a gated community with a desirable pool-facing location. Inside, the home features an efficient floor plan with clean neutral finishes, wood-look flooring, a functional galley kitchen, and a spacious bedroom with mirrored closet doors. The pool view adds a relaxing, resort-style feel, while the layout offers an easy flow for everyday living. Villa Lorena is known for its landscaped grounds and community amenities, including a sparkling pool, spa areas, clubhouse/recreation space, laundry facilities, and assigned parking. The location is highly convenient, with easy access to Ventura Boulevard, local restaurants, shopping, grocery stores, Balboa Park, and the 101 freeway. A great opportunity to own in a well-located Tarzana community at an unbeatable price!
No exterior & parking available.
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 679 | 1,126.5 |
| Lot Size | 235,933 | 138,492.5 |
| Price | $299.0K | $430.4K |
| Price per sq ft | $440 | $406 |
| Built year | 1970 | 1975 |
| HOA | $493.0 | $640 |
| Days on market | 12 | 66 |
Jul 10, 2026
$299,000
Initial Listing
May 26, 2015
$209,000
Public Record
Mar 25, 2014
$108,000
Public Record
Dec 31, 1996
$30,000
Public Record