18324 Erwin Street, Tarzana, California 91335, Tarzana, 91335 - 3 bed, 1 bath
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Tarzana, California 91335
This Spacious Single Family Residence is a Prime Investment Opportunity, listed at $870,000—positioned well below the $890,476 Fair Market Value by 2%. This valuation gap offers $20,476 in Instant Equity. Featuring a Condition Rating of 2, the home is move-in ready with a remodeled kitchen and modern flooring. The detached garage offers significant ADU Conversion Potential, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a property with built-in income-generating capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18324 Erwin Street Subject | $870,000* List Price | 3 | 1 | 1,509 | $590 | - |
A 18319 Erwin Street Sold | $925,000 | 3 | 2 | 1,276 | $725 | 0.0 mi |
B 19130 Sylvan Street Sold | $1,080,000 | 3 | 2 | 1,699 | $636 | 1.0 mi |
C 17955 Archwood Sold | $865,000 | 3 | 2 | 1,660 | $521 | 0.8 mi |
D 6704 Rhea Sold | $815,000 | 3 | 2 | 1,140 | $715 | 0.8 mi |
E 6648 Newcastle Avenue Sold | $850,000 | 3 | 1 | 1,200 | $708 | 0.7 mi |
F 18201 Erwin Street Pending | $998,500 List Price | 4 | 3 | 1,977 | $505 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1950, the property has undergone a comprehensive recent renovation (likely <5 years) including a fully remodeled kitchen with modern cabinetry and stone counters, an updated bathroom, and new wood-look flooring throughout. The installation of mini-split HVAC systems and recessed lighting indicates updated mechanicals, making the home move-in ready with no immediate maintenance required.
The home is move-in ready, featuring a remodeled kitchen with newer cabinetry, an updated bathroom, fresh interior paint, and stylish wood-look flooring throughout.
The detached garage presents a significant value-add opportunity for an Accessory Dwelling Unit (ADU), ideal for generating rental income or accommodating multigenerational living.
An expansive family great room with vaulted wood-beamed ceilings and a focal-point fireplace provides a unique, high-end aesthetic rarely found at this price point.
With three bedrooms but only one bathroom, the property may face functional challenges for larger families and could see restricted demand during resale.
The backyard is currently a 'blank canvas,' requiring additional buyer capital and effort to transform it into a functional or landscaped outdoor living area.
Beautifully Updated Tarzana Home with Endless Possibilities! Welcome to this move-in ready gem in the heart of Tarzana! Priced at an incredible $870,000, this beautifully updated 3-bedroom, 1-bath home offers approximately 1,509 square feet of comfortable living space on a 6,001-square-foot lot.Step inside to discover a light-filled floor plan featuring gorgeous wood-look flooring throughout, fresh interior paint, and an updated kitchen with newer cabinetry, stylish finishes, and an adjacent separate laundry area. The remodeled bathroom adds to the home's modern appeal.The true centerpiece is the expansive family/great room with wood-beamed ceilings and a stunning fireplace, creating the perfect gathering space for entertaining or relaxing. Sliding doors open to the spacious backyard, offering endless opportunities to create your dream outdoor retreat--add a pool, outdoor kitchen, play area, or lush garden.The detached garage presents outstanding ADU potential (buyer to verify), making this home an excellent opportunity for multigenerational living, rental income, or a private home office. Additional features include a raised foundation, partial gated driveway, and no HOA.Ideally located near shopping, dining, parks, schools, and commuter routes, this charming Tarzana home offers the perfect blend of character, modern updates, and future potential.Don't miss this exceptional opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.5 |
| Baths | 1.0 | 4.0 |
| Square foot | 1,509 | 2,853.5 |
| Lot Size | 6,001 | 8,376 |
| Price | $870.0K | $1.81M |
| Price per sq ft | $577 | $668 |
| Built year | 1950 | 1962 |
| HOA | $0 | $0 |
| Days on market | 17 | 61 |
Jul 5, 2026
$870,000
Initial Listing