
Tarzana, California 91356
This High-Upside Gated Development Asset is listed at $2,399,000, reflecting the significant Value-Add potential of its RTI Renovation Plans and SB9 Development Potential. While the $2,210,147 Fair Market Value reflects its current state, the ability to add an 800 sqft structure and modernize the 4,127 sqft interior offers substantial ROI. With a Condition Rating of 4 on an expansive 14,957 sqft lot near Gaspar De Portola Middle School, this property is a strategic acquisition for Fix-and-Flip Investors or Healthcare Operators seeking a Joint Commission accredited facility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18841 Pasadero Drive Subject | $2,399,000* List Price | 4 | 4 | 4,127 | $536 | - |
A 4221 Jubilo Drive Sold | $2,220,000 | 4 | 5 | 3,128 | $710 | 0.0 mi |
B 3951 Vanalden Sold | $2,350,000 | 4 | 4 | 3,698 | $635 | 0.8 mi |
C 4215 Ellenita Avenue Sold | $1,825,000 | 5 | 5 | 4,159 | $439 | 0.9 mi |
D 19122 Weston Active | $1,750,000 List Price | 4 | 3 | 2,477 | $706 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is currently maintained as a functional care facility but is stylistically outdated for a luxury residential market. The kitchen features older white cabinetry and fluorescent lighting, while the living areas utilize basic tile and laminate flooring. Although the structure is well-kept and includes RTI plans for a full renovation, the current interior finishes and specialized layout require significant updates to meet modern standards.
The property includes RTI plans for a full interior renovation and SB9 plans for an additional 800 sqft structure, offering massive value-add potential for investors or buyers looking to customize a luxury estate.
As a previously licensed DHCS facility with Joint Commission accreditation, the sale includes all furniture, security cameras, and specialized equipment, providing a seamless transition for healthcare or detox operators.
Set behind private gates on a nearly 15,000 sqft lot in a desirable Tarzana neighborhood, the property offers exceptional privacy and proximity to elite country clubs, hiking trails, and top-rated schools.
The property is positioned as a renovation project; the need for a full interior overhaul means significant additional capital and time will be required before the home is move-in ready for residential use.
The current configuration as a licensed care facility, including a garage converted into office space, may require costly structural changes to restore a traditional residential flow and garage functionality.
Set behind gates in a desirable Tarzana neighborhood, 18841 Pasadero Dr presents a unique opportunity with endless potential. This expansive single story residence offers approximately 4,127 square feet of living space on a generous 14,957 square foot lot, featuring 4 bedrooms and 4.5 bathrooms. The property comes with RTI plans for a full interior renovation, allowing a buyer to transform the home into a modern, luxury residence tailored to their vision. Delivered vacant and previously operating as a licensed DHCS facility, the home is fully fenced for privacy and security and includes a converted garage utilized as office space, adding functional versatility. The property is also Joint Commission accredited, meeting all regulatory standards. This offering is ideal for both end users and investors, with the option to continue operating as a detox care facility or reimagine the home for personal use. All furniture, security cameras, equipment, appliances, and internet setup are included, creating a true turnkey opportunity. Assistance with licensing or transferring an existing license is available for an additional fee. The property also includes plans for an SB9, featuring a proposed approximately 800 square foot structure with 3 bedrooms and 2 bathrooms, along with the potential to add up to 6 additional beds. Ideally located near Braemar and El Caballero Country Clubs, Tarzana Village Walk, top dining and shopping, and with easy access to hiking trails and highly rated schools, this is a rare opportunity to acquire a flexible, high upside property in a prime Tarzana location.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades K-5 • 2.3 mi
Grades K-5 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 4,127 | 2,902 | 75% |
| Lot Size | 14,957 | 16,870 | 43% |
| Price | $2.40M | $1.85M | 76% |
| Price per sq ft | $581 | $662 | 25% |
| Built year | 1965 | 1964 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 170 | 1% |
Apr 12, 2026
$2,399,000
Initial Listing