
Tarzana, California 91356
This property presents a High-Potential Investment Opportunity with a List Price of $1,459,000—positioned well below the $1,339,196 Fair Market Value by -8%. While the property requires a full interior renovation given its Condition Rating of 5, the expansive 18,319 sq. ft. lot provides a rare canvas for significant value-add projects. Located south of Ventura Boulevard, this Single Family Residence offers immense potential for forced appreciation. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a prime Tarzana location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4312 Vanalden Subject | $1,459,000* List Price | 4 | 3 | 2,401 | $558 | - |
A 4440 Ellenita Sold | $1,675,000 | 3 | 3 | 2,516 | $666 | 0.5 mi |
B 4035 Ellenita Sold | $1,445,000 | 4 | 3 | 2,538 | $569 | 0.4 mi |
C 4126 Ellenita Avenue Sold | $1,505,000 | 4 | 3 | 2,538 | $593 | 0.3 mi |
D 18919 La Montana Place Sold | $1,800,000 | 3 | 3 | 2,838 | $634 | 0.9 mi |
E 19122 Weston Active | $1,750,000 List Price | 4 | 3 | 2,477 | $706 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 and largely in original condition, this property requires a full interior rehab to meet modern standards. The home features dated popcorn ceilings, stained carpeting, and 1960s-era tile work in the bathrooms. The listing description explicitly markets the property as a 'canvas for your designer vision,' confirming it is a fixer-upper.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18319, living area = 2401.
Situated south of Ventura Boulevard, this property is located in a highly desirable neighborhood known for its prestige and proximity to high-end shopping, dining, and local golf courses.
The massive 18,313 sq. ft. lot is mostly flat, providing a rare and versatile canvas for significant outdoor upgrades, including a pool, ADU, or professional landscaping.
The property is marketed as a 'canvas for your vision,' indicating that the 1963 interior is likely dated and will require a substantial additional investment for a full remodel.
The assigned public schools, including Tarzana Elementary and Reseda Senior High, have relatively low ratings, which may be a deterrent for education-focused families.
Fantastic opportunity to create your dream home in an incredible Tarzana location, south of Ventura Boulevard. This 4-bedroom, 2¾-bath home offers approximately 2,401 square feet of living space on a large 18,313 sq. ft. private lot that is mostly flat with a gentle hillside toward the rear. Lovingly cared for over several decades, this gracious home provides the perfect canvas for your designer vision. The single-story layout feels open and spacious, featuring generously sized bedrooms, a comfortable living room, and a dining/family room with a cozy fireplace. The kitchen offers abundant counter space and a charming window overlooking the front yard that fills the space with warmth and natural light. A generously sized pantry provides excellent storage and could potentially be incorporated to expand the kitchen. Additional features include a two-car attached garage with access to the backyard, a separate laundry room with side entrance, and mature trees and landscaping supported by a sprinkler system in both the front and back yards. Large sliding glass doors open to a spacious covered patio and expansive backyard with plenty of room for a pool or outdoor entertaining. Ideally located just a few blocks from a popular golf course and close to the many shops and restaurants along Ventura Boulevard, this property offers a rare chance to create something truly special in a highly desirable neighborhood.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 2.4 mi
Grades K-5 • 3.3 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 | 48% |
| Square foot | 2,401 | 2,838 | 32% |
| Lot Size | 18,319 | 17,462 | 59% |
| Price | $1.46M | $1.85M | 19% |
| Price per sq ft | $608 | $661 | 27% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 149 | 3% |
Jun 2, 2026
$1,459,000
Initial Listing
Jun 1, 2026
$1,559,000
Initial Listing