18620 Hatteras 137, Tarzana, California 91356, Tarzana, 91356 - 2 bed, 2 bath
18620 Hatteras 137
Tarzana, California 91356
Property Price
SUMMARY
Analysis of 18620 Hatteras 137, Tarzana, California 91356 reveals a Prime Investment Opportunity with a current list price of $350,000—significantly undercutting the $406,638 Fair Market Value by 8%. This valuation gap indicates a +$56,638 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Tarzana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1970, this condo has undergone updates, but they appear to be from 15-25 years ago rather than recent. The kitchen features dark wood cabinets, black countertops, and a mix of stainless steel and non-stainless appliances, along with a simple white tile backsplash, indicating an older renovation style. Bathrooms have similar dark vanities, white countertops, and basic tile surrounds, which are functional but dated. While the property benefits from laminate flooring in living areas and some recessed lighting, other elements like the bedroom ceiling fan show their age. The home is well-maintained and move-in ready, but the overall aesthetic and age of the updates align with the 'Fair' category, suggesting minor cosmetic updates would significantly enhance its appeal.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Conveniently situated in the heart of Tarzana, offering easy access to Ventura Blvd's shops, restaurants, and major freeways, enhancing daily convenience and lifestyle.
- Central Air Conditioning
Equipped with central A/C, providing year-round comfort which is a significant advantage in the Tarzana climate.
- Community Amenities
Residents can enjoy a sparkling community pool, offering a valuable recreational and relaxation option without the burden of private maintenance.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The association fee of $472.44 per month is relatively high for a 910 sqft condo, which can impact affordability and long-term ownership costs.
- Building Age
Built in 1970, the property's age may suggest older infrastructure or systems that could require future maintenance or updates, despite current amenities.
- Compact Interior Space
With 910 sqft for a 2-bedroom, 2-bathroom layout, the interior living space may be considered compact for some buyers, potentially limiting flexibility.
About 18620 Hatteras 137
Welcome to this beautiful first-floor condo in the heart of Tarzana! This bright and inviting home features a spacious patio perfect for morning coffee or outdoor dining. The primary bedroom offers a large walk-in closet, providing ample storage and comfort. Enjoy year-round comfort with central A/C, and take advantage of the community’s sparkling pool for relaxation and recreation. Conveniently located near Ventura Blvd’s shops, restaurants, and easy freeway access — this home combines comfort, style, and convenience in one of Tarzana’s most desirable neighborhoods!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 218,235.594 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $472.44 / Month
Neighborhood Insights
Tarzana Unified Schools
Tarzana Elementary School
Grades K-5 • 0.4 mi
Vanalden Avenue Elementary School
Grades K-5 • 0.6 mi
Newcastle Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 910 | 1,001 | 27% |
| Lot Size | 218,235.594 | 218,235.594 | 50% |
| Price | $350.0K | $413.9K | 21% |
| Price per sq ft | $385 | $415 | 33% |
| Built year | 1970 | 1973 | 42% |
| HOA | $472.44 | $508 | 30% |
| Days on market | 162 | 190 | 39% |
Pricing History
Listed for Sale
Nov 21, 2025
$350,000
$359,000
-3% Price Drop
Initial Listing
Price Change
Oct 28, 2025
$359,000
$374,900
-4% Price Drop
Initial Listing
Price Change
Sep 25, 2025
$374,900
Initial Listing