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18848 Collins Street, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 5 bath

18848 Collins Street, Tarzana, California 91356 home-pic-0
ACTIVE$1,749,500
18848 Collins Street, Tarzana, California 91356
5Beds
5Baths
2,590Sqft
6,096Lot
Year Built
1950
Close
-
List price
$1.75M
Original List price
$1.9M
Price/Sqft
$675
HOA
-
Days on market
-
Sold On
-
MLS number
SR25037072
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(50th), sqft - 2590(50th), beds - 5(50th), baths - 5(50th).

Multi-Generational Masterpiece! – A meticulously remodeled and re-imagined property offering modern luxury and versatility. The front house features a spacious 2-bedroom, 2-bath layout, complemented by a stylish JADU (Junior Accessory Dwelling Unit) for added flexibility. In addition, the rear ADU boasts soaring 12-foot ceilings, with 2 bedrooms and 2 bathrooms, perfect for multi-family living or generating rental income. This stunning property has been fully upgraded, with all-new flooring, roof, plumbing, electrical, and appliances. The modern custom cabinetry throughout adds a sophisticated touch to the interior. Outside, you’ll find beautifully landscaped grounds and secure, gated parking, providing both privacy and convenience. Whether you’re an investor seeking rental opportunities or a multi-generational family looking for separate living spaces, this home offers endless potential. The casita living space has a separate entry, making it ideal for multigenerational families or residents needing more privacy or income. Don’t miss the chance to own a property that combines style, function, and endless possibilities. Located just moments from the vibrant dining and shopping scene of Ventura Blvd, this home offers unparalleled convenience with easy access to some of SFV,s best restaurants, boutiques, and entertainment. Families will appreciate the proximity to top-rated schools, making this home an ideal choice for those seeking both luxury and practicality. With everything you need just around the corner, this property truly embodies the perfect blend of comfort and location.

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•0.1mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•0.6mi
6/10
Newcastle Elementary School
Public,•K-5•1.5mi
8/10
Lanai Road Elementary School
Public,•K-5•3.5mi
6/10
Gaspar De Portola Middle School
Public,•6-8•0.5mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.4mi
5/10
William Mulholland Middle School
Public,•6-8•2.5mi
3/10
William Mulholland Middle School
Public,•6-8•2.6mi
4/10
Reseda Senior High School
Public,•9-12•1.4mi
Condition Rating
Excellent
Despite being built in 1950, this property has undergone a meticulous and extensive renovation, as explicitly stated in the description and evidenced by the high-quality images. All major systems, including plumbing, electrical, and roof, are new, along with all-new flooring and appliances. The kitchens and bathrooms are brand new, featuring modern custom cabinetry, contemporary fixtures (e.g., black matte finishes, rain shower heads), sleek countertops, and stylish tiling. The overall aesthetic is modern and luxurious, with recessed lighting, new flooring throughout, and efficient mini-split AC units visible. This comprehensive upgrade brings the property to a 'virtually new' condition, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential & Versatility: This property is a true 'Triplex' featuring a main house, a Junior Accessory Dwelling Unit (JADU), and a separate Accessory Dwelling Unit (ADU), offering significant rental income opportunities or ideal multi-generational living arrangements with separate entries and privacy.
Extensive Modern Renovation: The property has undergone a meticulous and comprehensive remodel, including all-new flooring, roof, plumbing, electrical, and appliances, effectively transforming a 1950 build into a modern luxury residence.
Premium ADU Features: The rear ADU stands out with its soaring 12-foot ceilings, a desirable architectural feature that enhances the sense of space and luxury, making it particularly attractive for tenants or family members.
Prime Tarzana Location: Strategically located moments from Ventura Blvd, residents benefit from unparalleled convenience to vibrant dining, shopping, entertainment, and top-rated schools, enhancing lifestyle and property appeal.
Enhanced Security and Curb Appeal: The property boasts beautifully landscaped grounds and secure, gated parking, providing both privacy and convenience, which adds to its overall curb appeal and perceived value.

Cons

Original Construction Age: Despite extensive renovations, the property's original build year of 1950 might still raise concerns for some buyers regarding the underlying foundation or other structural elements not explicitly detailed as replaced.
Recent Price Reduction: The property has experienced a notable price reduction from its original list price, which could suggest it was initially overpriced or has faced challenges in attracting buyers, potentially impacting market perception.
Potentially Limited Private Outdoor Space: While landscaped, a 6,096 sqft lot for a triplex configuration (main house, JADU, ADU) may result in relatively small or shared private outdoor areas for individual units, which could be a drawback for those desiring more personal yard space.

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