
Tarzana, California 91356
This property presents a High-Potential Investment Opportunity with a List Price of $1,699,000—positioned well above the $1,588,994 Fair Market Value by -6%. Featuring a Condition Rating of 5, this Single Family Residence serves as a prime canvas for a full-scale renovation. The expansive 13,205 sqft lot, complete with a private pool and spa, offers significant upside for forced appreciation. While local schools currently hold lower ratings, the hillside location provides long-term prestige. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4500 Callada Place Subject | $1,699,000* List Price | 4 | 3 | 2,617 | $607 | - |
A 4817 Hermano Drive Sold | $1,525,000 | 3 | 3 | 2,368 | $644 | 0.4 mi |
B 4700 Dunas Lane Sold | $1,500,000 | 3 | 2 | 2,034 | $737 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, this property is marketed as a 'dream renovation' and 'canvas' for transformation. The kitchen features dated cabinetry and tile flooring likely over 30 years old, and the overall interior (carpeting, doors, and systems) appears original or significantly aged, requiring a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13205, living area = 2617.
Situated south of Ventura Boulevard on a quiet cul-de-sac in the coveted Tarzana hills, the property offers exceptional privacy and prestige in a highly sought-after neighborhood.
The generous 13,205-square-foot lot features a private backyard oasis complete with a sparkling pool, spa, and mature landscaping, perfect for Southern California outdoor living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13205, other record lot size in square feet = 13129. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2617, other record living area = 2517.
Marketed as a 'well-loved' home with 'endless possibilities,' the property likely requires a substantial capital investment to update its 1959 original features to modern luxury standards.
The assigned elementary schools carry lower ratings (3/10), which may be a concern for families prioritizing high-performing public education compared to neighboring districts.
Tucked away on a quiet cul-de-sac in the coveted hills of Tarzana, this exceptional 4-bedroom, 3-bathroom residence offers nearly 2,600 square feet of endless possibilities in one of the area's most desirable neighborhoods. Surrounded by mature landscaping and nestled south of Ventura Boulevard, this is a rare opportunity to transform a well-loved home into the hillside retreat you've always imagined. Inside, an expansive floor plan features generously proportioned living spaces, abundant natural light, and a layout designed for effortless everyday living and entertaining. Whether you envision a sleek contemporary renovation or a timeless traditional estate, this home provides the ideal canvas to bring your vision to life. Step outside into your own private backyard oasis, where a sparkling pool and relaxing spa invite you to soak up Southern California's year-round sunshine. Spacious patios and lush surroundings create the perfect backdrop for unforgettable gatherings, peaceful mornings, and evenings spent under the stars. Located in one of Tarzana's premier hillside enclaves, this home offers the best of both worlds—peaceful residential living with convenient access to Ventura Boulevard's renowned restaurants, boutique shopping, cafes, and entertainment, along with nearby parks, hiking trails, and easy freeway access. Properties with this combination of location, space, privacy, and potential are increasingly hard to find. Whether you're searching for your forever home or your next dream renovation, this is an opportunity to create something truly extraordinary in one of Tarzana's most coveted settings.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,617 | 2,853.5 |
| Lot Size | 13,205 | 8,376 |
| Price | $1.70M | $1.81M |
| Price per sq ft | $649 | $668 |
| Built year | 1959 | 1962 |
| HOA | $0 | $0 |
| Days on market | 29 | 61 |
Jun 24, 2026
$1,699,000
Initial Listing