
Tarzana, California 91356
This Single Family Residence presents a Strong Value Opportunity, listed at $1,625,000—positioned well below the $1,675,363 Fair Market Value by 3%. This valuation gap offers $50,363 in Instant Equity. Featuring a Condition Rating of 4, the home offers a functional layout with a pool and spa on an expansive 16,577 sq ft lot. While interior updates are required to modernize the 1970s finishes, the prime South of the Boulevard location ensures long-term stability. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a customizable estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4011 Ellenita Avenue Subject | $1,625,000* List Price | 4 | 3 | 2,538 | $660 | - |
A 4035 Ellenita Sold | $1,445,000 | 4 | 3 | 2,538 | $569 | 0.0 mi |
B 4100 Tarrybrae Terrace Sold | $1,800,000 | 4 | 3 | 2,463 | $731 | 0.1 mi |
C 4440 Ellenita Sold | $1,675,000 | 3 | 3 | 2,516 | $666 | 0.6 mi |
D 4420 Conchita Way Sold | $1,920,000 | 4 | 3 | 2,574 | $746 | 0.5 mi |
E 4126 Ellenita Avenue Sold | $1,505,000 | 4 | 3 | 2,538 | $593 | 0.1 mi |
F 19122 Weston Active | $1,750,000 List Price | 4 | 3 | 2,477 | $706 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property is well-maintained but dated. While the kitchen has been updated with granite countertops and stainless steel appliances (likely 15-25 years ago), other interior elements such as the wood paneling, popcorn ceilings, and bathroom finishes are significantly aged and require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16577, living area = 2538.
Situated in the highly desirable Tarzana Hills, this property offers a prestigious 'South of the Boulevard' address near the Mulholland Hills Country Club, ensuring long-term value and a quiet, upscale lifestyle.
The massive 16,577 sq ft private lot provides a rare sense of seclusion and features a sparkling pool, spa, and lush landscaping, creating an ideal environment for outdoor entertaining and relaxation.
The assigned elementary schools for this address currently hold lower performance ratings (3/10), which may be a drawback for families prioritizing top-tier public education.
Despite its hillside setting in Tarzana, the property is listed as having no specific views, which is a feature many buyers expect when purchasing a home in this price range and geographic area.
South of the Boulevard in Tarzana for $1,625,000 — an opportunity that feels almost too good to be true. This beautifully maintained single-story residence offers 4 bedrooms, 3 bathrooms, and approximately 2,538 sq ft of light-filled living space on an expansive 16,577 sq ft private lot with a sparkling pool and spa. Tucked away from the street for ultimate privacy, this home immediately impresses with its sense of space, warmth, and timeless California character. Soaring ceilings, oversized rooms, and a dramatic wall of windows invite natural light to pour in throughout the day, creating a bright, airy, and uplifting atmosphere. Multiple sliding glass doors extend the living experience outdoors, blending interior comfort with true Southern California indoor-outdoor living. The flowing floor plan is ideal for both elegant entertaining and everyday ease, featuring generous formal living and dining spaces, a welcoming family room, and an updated kitchen that opens to a comfortable eat-in area. The primary suite is a peaceful retreat with tranquil pool views, direct backyard access, and a spacious en-suite bath designed for relaxation. A thoughtfully separated bedroom and bathroom off the kitchen offers exceptional flexibility for guests, a private office, or multigenerational living. Outdoors, the property transforms into a private resort-style escape. Lush landscaping surrounds the pool and spa, while expansive grounds provide multiple areas for lounging, entertaining, and enjoying the quiet hillside setting. Perfectly positioned just moments from Mulholland Hills Country Club(formally known as Braemar), shopping, dining, and everyday conveniences, this exceptional Tarzana Hills home delivers the lifestyle buyers are searching for — space, privacy, light, and location — all in one rare South of the Boulevard offering. This is the one you wait for.
No exterior & parking available.
Grades K-5 • 2.4 mi
Grades K-5 • 2.8 mi
Grades K-5 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 49% |
| Square foot | 2,538 | 2,841 | 38% |
| Lot Size | 16,577 | 17,441 | 47% |
| Price | $1.62M | $1.86M | 27% |
| Price per sq ft | $640 | $660 | 42% |
| Built year | 1970 | 1964 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 150 | 3% |
May 28, 2026
$1,625,000
Initial Listing