
Tarzana, California 91356
This Spacious Luxury Estate is a Prime Investment Opportunity, listed at $3,339,000—positioned well below the $3,444,201 Fair Market Value by 3%. This valuation gap offers $105,201 in Instant Equity. The property maintains a Mint Condition Rating, featuring a Thermador Chef’s Kitchen, smart home systems, and a resort-style Pool with Waterfall. Located near Lanai Road Elementary with direct access to Corbin Canyon Trails, it balances lifestyle luxury with financial logic. This is an ideal match for Owner-Occupants or Luxury Lifestyle Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4651 Ellenita Ave. Subject | $3,279,000* List Price | 5 | 4 | 7,159 | $466 | - |
A 5340 Calvin Avenue Active | $3,495,000 List Price | 5 | 6 | 6,453 | $542 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1965, the property has undergone a comprehensive, high-end renovation within the last 5 years. It features a mint-condition chef's kitchen with Thermador appliances, modern spa-like bathrooms, updated smart home systems, and high-quality finishes throughout, requiring no maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41028, living area = 7159.
Situated on nearly an acre of land, the property features a private resort with a pool, waterfall, outdoor kitchen, and rare direct access to Corbin Canyon trails.
With over 7,000 square feet of living space, the home offers an impressive scale featuring soaring ceilings, five spacious bedrooms, and high-end Thermador appliances.
The assigned public schools, including Tarzana Elementary and Reseda High, have relatively low ratings, which may be a concern for families prioritizing public education.
The property was sold for $2.675M in early 2024; the current list price of $3.339M represents a significant jump that may lead to appraisal challenges or buyer hesitation.
Amazing opportunity that you don’t want to miss. A prior buyer didn’t qualify, so this prestigious property is now priced for an immediate sale. This is your chance to take advantage of something truly special before someone else snaps it up. Introducing a truly exceptional property that perfectly blends privacy, sophistication, and high-quality craftsmanship. Nestled in a premier location, this home’s beauty and exclusivity are simply breathtaking. From the moment you step inside, you’ll be greeted by soaring ceilings, high-end finishes, and light-filled open spaces designed for both intimate living and grand entertaining. The seamless indoor/outdoor flow makes it ideal for gatherings, while 5 spacious bedrooms and 3.5 bathrooms provide ample room for comfort and relaxation on nearly one acre of land. The beautifully updated kitchen is a chef’s dream, flooded with natural light and equipped with top-of-the-line Thermador appliances, opening to a cozy family room with a fireplace. The primary suite offers a luxurious retreat with a romantic balcony, two expansive walk-in closets, and a spa-like bathroom. Additional highlights include a smart home surveillance system for enhanced security and abundant windows showcasing stunning views of the lush landscape. Step outside to your private resort featuring a sparkling pool with a waterfall and slide, a fully equipped outdoor kitchen and BBQ area, and a park-like backyard perfect for children or quiet moments. Uniquely, the property offers direct access to Corbin Canyon trails right from the backyard—a rare convenience for nature lovers and outdoor enthusiasts. This estate combines unparalleled scale and quality with every imaginable amenity. The location, design, and flawless condition will captivate you from the very first visit.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades K-5 • 2.1 mi
Grades K-5 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 67% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 7,159 | 2,844 | 96% |
| Lot Size | 41,028 | 17,462 | 93% |
| Price | $3.28M | $1.86M | 85% |
| Price per sq ft | $458 | $661 | 4% |
| Built year | 1965 | 1963 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 149 | 4% |
Jun 5, 2026
$3,279,000
$3,339,000
-2% Price Drop
Initial Listing
Apr 21, 2026
$3,339,000
Initial Listing
Feb 27, 2024
$2,675,000
Public Record
Oct 11, 1996
$380,000
Public Record