
Tarzana, California 91356
This Spacious Townhouse represents a Strong Value Opportunity, listed at $724,998—positioned well below the $682,015 Fair Market Value by -6%. While the property is in Condition Rating 4, it offers significant upside through cosmetic updates to its classic interiors. Residents enjoy a Resort-Style Community with a Pool, Spa, and Tennis Court, alongside a versatile Finished Lower-Level Bonus Space. This property balances lifestyle amenities with long-term potential, making it an ideal acquisition for Owner-Occupants seeking a primary residence or Buy-and-Hold Investors targeting the desirable Tarzana market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18730 Hatteras 47 Subject | $724,998* List Price | 2 | 3 | 1,810 | $317 | - |
A 18242 Burbank Boulevard 8 Sold | $545,000 | 3 | 3 | 1,750 | $311 | 0.7 mi |
B 18739 Hatteras Street 55 Active | $575,000 List Price | 2 | 3 | 1,465 | $392 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old) with updates like granite countertops and hardwood floors that appear to be 15-20 years old. While the home is well-maintained and move-in ready, the oak cabinetry, gold-trimmed mirrors, and older bathroom fixtures are dated, fitting the criteria for a property over 20 years old needing cosmetic updates.
At 1,810 square feet, this townhome offers an exceptionally large floor plan for a two-bedroom unit, further enhanced by a finished lower-level bonus space ideal for a home office, gym, or media room.
The expansive primary suite functions as a private sanctuary, featuring vaulted ceilings, its own fireplace, a private balcony, and a spa-inspired bathroom with dual vanities and a soaking tub.
Located in the desirable Tarzana Falls community, residents have access to premium amenities including a pool, spa, tennis courts, and tranquil waterfall features, all while being minutes from Ventura Boulevard.
The monthly association fee of $726 is relatively high, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
Despite the significant square footage, the property only offers two bedrooms, which may limit its appeal to growing families or buyers specifically seeking a traditional three-bedroom layout.
Welcome to Tarzana Falls — a beautifully appointed townhome community in the heart of Tarzana where comfort, style, and convenience converge. This spacious home offers an exceptional floor plan with soaring ceilings, expansive living spaces, and an abundance of natural light throughout. Featuring 2 bedrooms, 3 bathrooms, and approximately 1,810 square feet of living space, this elegant home is thoughtfully designed for both everyday living and effortless entertaining. The inviting living room is anchored by a cozy fireplace and opens to a private terrace, creating the perfect indoor-outdoor flow. The well-appointed kitchen features granite countertops, double ovens, generous cabinetry, and an adjoining family room ideal for gathering with friends and family. Upstairs, the expansive primary suite feels like a private retreat with vaulted ceilings, its own fireplace, balcony, walk-in closet, and spa-inspired bath complete with dual vanities, soaking tub, and separate shower. A finished lower-level bonus space offers incredible flexibility for a home office, gym, media room, or creative studio. Additional highlights include direct-access two-car garage parking, plantation shutters, hardwood and tile flooring, central air and heat, and access to resort-style community amenities including pool, spa, tennis court, lush landscaping, and tranquil waterfall features. Ideally located near Ventura Boulevard’s popular dining, shopping, and commuter access, this home offers the perfect blend of sophistication and everyday convenience in one of Tarzana’s most desirable townhome communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 3.0 | 3.1 |
| Square foot | 1,810 | 1,630.5 |
| Lot Size | 68,340 | 114,869.138 |
| Price | $725.0K | $633.1K |
| Price per sq ft | $401 | $412 |
| Built year | 1985 | 1980 |
| HOA | $726.0 | $604 |
| Days on market | 77 | 88 |
Jun 24, 2026
$724,998
Initial Listing
Jan 19, 2021
$648,000
Public Record
Jun 26, 2017
$527,500
Public Record
Jan 25, 2013
$378,000
Public Record
Dec 3, 1993
$185,000
Public Record