4035 Ellenita Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 3 bath
ACTIVE$1,599,000
4035 Ellenita Avenue, Tarzana, California 91356
4Beds
3Baths
2,538Sqft
15,797Lot
Price Vs. Estimate
The estimated value ($1,363,090.705) is $235,909.295 (14%) lower than the list price ($1,599,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated South of the Boulevard and on the Mulholland Corridor, this property boasts a highly desirable and prestigious location in Tarzana.
Top Cons:
Property Age & Potential Updates: Built in 1970, the existing structure, while functional, may require significant modernization or updates to finishes and systems to align with contemporary buyer expectations, especially given the potential for a new build.
Compared to the nearby listings
Price:$1.60M vs avg $1.84M ($-239,000)33%
Size:2,538 sqft vs avg 2,997.5 sqft34%
Price/sqft:$630 vs avg $65340%
More Insights
Built in 1970 (55 years old).
Condition: Built in 1970, this property features a significantly outdated kitchen with tiled countertops, older appliances (double wall oven, cooktop), and dated fluorescent lighting. While some areas have updated laminate flooring and fresh paint, the kitchen and likely the bathrooms (no images provided, but typically consistent with the kitchen's age) require substantial renovation to meet current quality and style standards. The property is livable but necessitates a major investment in these core functional areas.
Year Built
1970
Close
-
List price
$1.6M
Original List price
$1.57M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
GD25202042
Home ConditionPoor
Features
Patio
View-
About this home
Single Family Home Located South Of The Blvd * On The Mulholland Corridor * 4 Bedrooms / 3 Bathrooms * 2,538sqft * 15,682sqft Lot * 1970 Built * Bright * Open Floor Plan * Formal Living Room With High Ceilings * Family Room With A Fireplace * Formal Dining Room * Large Kitchen With A Breakfast Bar & An Area For A Nook * Sperate Laundry Room * Large Master Suite With A Walk-In Closet * Hardwood & Laminate Floors Throughout * Central A/C & Heat * Covered Patio * Large Yard * 2 Car Attached Garage *** Home Is Also RTI Ready To Build A 3,007sqft Home With A 400sqft Garage, 300sqft Patio & A 20 X 30 In Ground Pool Featuring 3 Bedrooms / 3.5 Bathrooms & A Bonus Room/Theater
Nearby schools
3/10
Tarzana Elementary School
Public,•K-5•2.3mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•2.8mi
6/10
Newcastle Elementary School
Public,•K-5•3.7mi
8/10
Lanai Road Elementary School
Public,•K-5•3.9mi
6/10
Gaspar De Portola Middle School
Public,•6-8•2.0mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.5mi
5/10
William Mulholland Middle School
Public,•6-8•4.5mi
3/10
William Mulholland Middle School
Public,•6-8•4.7mi
4/10
Reseda Senior High School
Public,•9-12•3.6mi
Condition Rating
Poor
Built in 1970, this property features a significantly outdated kitchen with tiled countertops, older appliances (double wall oven, cooktop), and dated fluorescent lighting. While some areas have updated laminate flooring and fresh paint, the kitchen and likely the bathrooms (no images provided, but typically consistent with the kitchen's age) require substantial renovation to meet current quality and style standards. The property is livable but necessitates a major investment in these core functional areas.
Pros & Cons
Pros
Prime Location: Situated South of the Boulevard and on the Mulholland Corridor, this property boasts a highly desirable and prestigious location in Tarzana.
Significant Development Potential: The property is RTI (Ready To Issue) approved for building a new 3,007 sqft home with a 400 sqft garage, 300 sqft patio, and a 20x30 in-ground pool, offering substantial future value and customization opportunities.
Generous Lot Size: With a substantial 15,682 sqft lot, the property provides ample space for privacy, outdoor living, and the planned future amenities like a pool.
Desirable Interior Features: The existing home offers a bright, open floor plan with high ceilings in the formal living room, a large kitchen with a breakfast bar, a separate laundry room, a large master suite with a walk-in closet, and central A/C & Heat.
Functional Layout & Amenities: The current 4-bedroom, 3-bathroom layout spanning 2,538 sqft, along with a covered patio and a 2-car attached garage, provides practical and comfortable living spaces.
Cons
Property Age & Potential Updates: Built in 1970, the existing structure, while functional, may require significant modernization or updates to finishes and systems to align with contemporary buyer expectations, especially given the potential for a new build.
Lack of Views: Despite its desirable location South of the Blvd, the property description explicitly states 'view:None,' which could be a drawback for buyers seeking scenic vistas often associated with this area.
Pricing Strategy & Market Perception: The fluctuating price history (initial 1.575M, increased to 1.649M, then reduced to 1.599M) and an automated estimation value slightly below the current listing price (1.57M vs 1.599M) suggest potential challenges in market valuation or buyer perception.