4237 Ellenita, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 4 bath
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4237 Ellenita
Tarzana, California 91356
ACTIVE
CONDITION: GOOD
4Beds
4Baths
3,471Sq Ft
16,813Lot Size
Property Price
LIST PRICE$2,195,000
EST. MARKET VALUE
$1,718,539
27% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a High-Potential Investment Opportunity, listed at $2,195,000—positioned well above the $1,718,540 Fair Market Value by -27%. While priced above current estimates, the property features a 3,471 SqFt layout with a 2-story guest house, pool/spa, and solar power. With a Condition Rating of 3, the home offers a move-in ready experience. This unique asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants prioritizing a multi-generational living setup in Tarzana.
Estimated Market Value
$1,718,539
Based on Realkey algorithm analyzing recent comparable sales in Tarzana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4237 Ellenita Subject | $2,195,000* List Price | 4 | 4 | 3,471 | $495 | - |
A 3861 Braewood Court Sold | $2,075,000 | 5 | 4 | 3,247 | $639 | 0.5 mi |
B 19970 Greenbriar Drive Sold | $1,800,000 | 5 | 3 | 3,260 | $552 | 0.5 mi |
C 4011 Ellenita Avenue Sold | $1,625,000 | 4 | 3 | 2,538 | $640 | 0.2 mi |
D 4012 Ellenita Sold | $1,850,000 | 3 | 3 | 2,516 | $735 | 0.3 mi |
E 4450 Romero Drive Sold | $1,860,000 | 4 | 3 | 2,623 | $709 | 0.4 mi |
F 19724 Trull Brook Drive Sold | $1,850,000 | 5 | 4 | 3,223 | $574 | 0.7 mi |
G 4219 Tarzana Estates Drive Sold | $2,319,000 | 4 | 4 | 3,618 | $641 | 0.2 mi |
H 4108 Tarrybrae Terrace Sold | $1,625,000 | 3 | 3 | 2,771 | $586 | 0.1 mi |
I 4300 Vanalden Avenue Pending | $1,750,000 List Price | 5 | 4 | 3,499 | $500 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1969, the property has undergone significant renovations including a modern kitchen with granite counters and stainless steel appliances, updated flooring, and a luxurious master bath. The addition of solar power indicates updated systems, and the overall condition is move-in ready, consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16813, living area = 3471.
- Detached Guest House
The property features a substantial 840 sqft, two-story guest house, providing exceptional versatility for multi-generational living, a private home office, or potential rental income.
- Resort-Style Amenities
Situated on an expansive lot, the backyard offers a premium lifestyle with a large pool, spa, and a lighted basketball court, ideal for high-end entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3471, other record living area = 2631. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Non-Functional Fireplace
The fireplace is strictly decorative and currently non-operational, which may be a drawback for buyers seeking a functional traditional heating element.
- Local School Ratings
Despite the desirable South of Ventura Blvd location, the immediate assigned public schools have lower performance ratings, which could be a concern for education-focused families.
About 4237 Ellenita
S. of Ventura Blvd home in the Breamar section of Tarzana. High in the hills sits this 4 bedroom, 4 bath home on a quiet tree lined street. The main house is a split level 3 bed, 3 bath with a 2 story, 1 bed, 1 bath guest house. Inside, the large dining room window directs your eyes to the stunning setting that awaits you in the backyard. Spacious living room features vaulted ceilings & beautiful flooring. Gorgeous light & bright kitchen offers loads of stunning cabinetry, granite counters and top line stainless steel appliances. A home theater with surround sound makes the Family Room a desired hang out. Massive windows in your master retreat frame mesmerizing visions of the majestic northern mountain range. Two walk-ins & a luxurious master bathroom is ideal. Step outside and smile as you look across your dream like backyard. Sprawling grassy grounds surrounded by giant trees are an ideal host to the huge, refreshing pool & spa, lighted basketball court & an incredible 2-story guesthouse with charming porch to sit & take in all the beauty that surrounds. Powered by Solar. Great schools too! Close to shops and restaurants on Ventura Blvd. Don't miss out! Main house is 2631 SqFt and Guest House is 840 SqFt. Fireplace is decorative and has not been used.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 16,813 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Tarzana Unified Schools
Tarzana Elementary School
Grades K-5 • 2.2 mi
3/10
Vanalden Avenue Elementary School
Grades K-5 • 2.6 mi
3/10
Newcastle Elementary School
Grades K-5 • 3.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.1 |
| Baths | 4.0 | 3.3 |
| Square foot | 3,471 | 2,473.289 |
| Lot Size | 16,813 | 14,080.733 |
| Price | $2.19M | $1.74M |
| Price per sq ft | $632 | $643 |
| Built year | 1969 | 1961 |
| HOA | $0 | $600 |
| Days on market | 30 | 70 |
Pricing History
Listed for Sale
Aug 10, 2026
$2,195,000
Initial Listing
Sold
Jul 3, 2019
$1,410,000
Public Record
Sold
Feb 12, 2015
$1,225,000
Public Record