18316 Hatteras, Tarzana, California 91356, Tarzana, 91356 - 2 bed, 2 bath
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Tarzana, California 91356
This Value-Add Condominium Asset is listed at $425,000, representing a strategic entry point into the Tarzana market near its $399,627 Fair Market Value. Carrying a Fair Condition Rating, the property features original 1980s finishes and popcorn ceilings, presenting a clear opportunity for forced appreciation through cosmetic renovation. The unit includes highly functional features such as in-unit laundry, a primary en-suite, and community access to a pool and spa. Located within the Los Angeles Unified district with immediate 101 freeway access, this is an ideal acquisition for Fix-and-Flip Investors or first-time buyers looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18316 Hatteras Subject | $425,000* List Price | 2 | 2 | 929 | $430 | - |
A 18433 Hatteras Street 508 Sold | $425,000 | 2 | 2 | 1,001 | $425 | 0.2 mi |
B 18307 Burbank Boulevard 14 Sold | $446,000 | 2 | 2 | 1,040 | $429 | 0.3 mi |
C 18601 Collins Street D17 Sold | $367,000 | 2 | 2 | 979 | $375 | 0.4 mi |
D 18645 Hatteras Street 150 Sold | $410,000 | 2 | 2 | 982 | $418 | 0.5 mi |
E 18350 Hatteras Street 277 Sold | $410,000 | 3 | 2 | 1,050 | $390 | 0.1 mi |
F 5644 Yolanda Avenue 3 Sold | $359,000 | 2 | 1 | 793 | $453 | 0.5 mi |
G 18408 Hatteras 13 Active | $425,000 List Price | 2 | 2 | 928 | $458 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1980, is in mostly original condition with some cosmetic updates like laminate flooring and paint. However, the kitchen remains dated with 1980s-style tile countertops and painted original cabinetry. The presence of popcorn ceilings, older vinyl tile in secondary bedrooms, and the listing's own admission of deferred maintenance and the need for 'TLC' place it firmly in the fair category as a value-add opportunity.
Situated in a quiet, centralized area of Tarzana with immediate access to the 101 freeway, shopping, and dining, offering high convenience for commuters and residents.
The property is priced to reflect its need for cosmetic updates, providing a significant opportunity for investors or first-time buyers to build equity through renovation.
This unit includes highly sought-after features such as in-unit laundry, a primary en-suite bathroom, and access to community amenities like a pool and spa.
The home requires 'TLC' and updates, which will necessitate an immediate additional capital investment from the buyer upon purchase.
With an association fee of $660 per month, the recurring costs are relatively high, which may impact the overall affordability and debt-to-income ratio for some buyers.
Welcome to this 2-bedroom, 2-bathroom condominium located in a quiet, centralized location of Tarzana. While the home is in need of some TLC, it presents a fantastic opportunity for buyers to add their personal touch and create their ideal living space. This unit offers a peaceful setting overlooking the landscaping of common grounds. Both bedrooms are generously sized, including a primary suite with its own en-suite bathroom. The second bedroom is conveniently located near the hallway bath. Additional features include in-unit laundry and ample storage space. The community offers desirable amenities such as a pool and spa, and is conveniently located near the 101 freeway, shopping, dining, and everyday essentials. A great opportunity in a well-located property with strong potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 929 | 1,030 | 27% |
| Lot Size | 62,641 | 197,485 | 19% |
| Price | $425.0K | $435.0K | 49% |
| Price per sq ft | $457 | $415 | 70% |
| Built year | 1980 | 1973 | 73% |
| HOA | $660.0 | $546 | 76% |
| Days on market | 20 | 173 | 3% |
Apr 2, 2026
$425,000
Initial Listing
Dec 2, 2020
$400,000
Public Record
Jul 11, 2007
$362,500
Public Record