4700 Dunas Lane, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 2 bath
ACTIVE$1,575,000
4700 Dunas Lane, Tarzana, California 91356
3Beds
2Baths
2,034Sqft
17,432Lot
Price Vs. Estimate
The estimated value ($1,575,000) is $0 (0%) lower than the list price ($1,575,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 17432, living area = 2034.
Top Cons:
Age and Condition of Existing Structure: Built in 1956, the current 2,034 sqft residence is likely outdated and requires substantial renovation or demolition, as the property is primarily marketed for its land and development potential.
Compared to the nearby listings
Price:$1.57M vs avg $1.84M ($-263,000)32%
Size:2,034 sqft vs avg 2,997.5 sqft24%
Price/sqft:$774 vs avg $66080%
More Insights
Built in 1956 (69 years old).
Condition: Built in 1956, this property is over 60 years old. The MLS description explicitly markets it as an 'opportunity for investors, developers, or end-users looking to build or renovate' and highlights 'ground-up new construction' or a 'major remodel.' The property analysis further notes the existing structure is 'likely outdated and requires substantial renovation or demolition.' Images confirm an extremely dated interior, particularly the kitchen with its honey oak cabinets, old tile flooring, and fluorescent lighting. While a bathroom shower appears to have some newer tile, it's not indicative of a comprehensive renovation. The overall condition and marketing strategy strongly suggest the property's value is based solely on the land and its redevelopment potential, fitting the 'tear-down' criteria.
Year Built
1956
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
$774
HOA
-
Days on market
-
Sold On
-
MLS number
SR25214087
Home ConditionTear down
Features
Good View: None
Patio
View-
About this home
ATTENTION BUILDERS AND INVESTORS! – Prime Tarzana, South of the Blvd with Expansive Views! Located in the highly desirable hills of prime Tarzana, this rare offering presents an exceptional opportunity for investors, developers, or end-users looking to build or renovate in one of the most sought-after neighborhoods. Situated south of the boulevard on a quiet, upscale street, this property boasts a massive 17,000+ sq ft lot, offering ample space for a luxury estate, guest house/ADU, pool, and more. (buyer to verify.) Perched above the street, the lot enjoys beautiful hillside views, excellent privacy, and is surrounded by multi-million dollar custom homes making it a compelling option for those looking to capitalize on the area's high resale values. Whether you're envisioning a ground-up new construction, a major remodel, or simply holding for future appreciation, this property delivers the location, lot size, and potential to make your vision a reality. Close to top-rated schools, high-end shopping, dining, and easy freeway access, this is truly a rare development opportunity in a prestigious Tarzana enclave.
Nearby schools
3/10
Tarzana Elementary School
Public,•K-5•1.7mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•2.2mi
8/10
Lanai Road Elementary School
Public,•K-5•2.2mi
6/10
Newcastle Elementary School
Public,•K-5•2.4mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.1mi
5/10
William Mulholland Middle School
Public,•6-8•2.9mi
3/10
William Mulholland Middle School
Public,•6-8•3.0mi
5/10
Woodland Hills Charter Academy
Public,•6-8•3.4mi
4/10
Reseda Senior High School
Public,•9-12•2.5mi
Condition Rating
Tear down
Built in 1956, this property is over 60 years old. The MLS description explicitly markets it as an 'opportunity for investors, developers, or end-users looking to build or renovate' and highlights 'ground-up new construction' or a 'major remodel.' The property analysis further notes the existing structure is 'likely outdated and requires substantial renovation or demolition.' Images confirm an extremely dated interior, particularly the kitchen with its honey oak cabinets, old tile flooring, and fluorescent lighting. While a bathroom shower appears to have some newer tile, it's not indicative of a comprehensive renovation. The overall condition and marketing strategy strongly suggest the property's value is based solely on the land and its redevelopment potential, fitting the 'tear-down' criteria.
Pros & Cons
Pros
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 = 17432, living area = 2034.
Prime Location: Situated in the highly desirable hills of prime Tarzana, south of the boulevard on a quiet, upscale street, offering proximity to top-rated schools, high-end shopping, dining, and easy freeway access.
Significant Development Potential: A massive 17,000+ sq ft lot provides ample space for a luxury estate, guest house/ADU, pool, and more, making it ideal for ground-up new construction or a major remodel.
Strong Investment Opportunity: Presents an exceptional opportunity for builders, investors, or end-users to capitalize on the area's high resale values, whether for immediate development or future appreciation.
Desirable Views & Privacy: Perched above the street, the lot boasts beautiful hillside views and excellent privacy, enhancing its appeal for a luxury residence.
Upscale Neighborhood Context: The property is surrounded by multi-million dollar custom homes, ensuring a prestigious environment and supporting future property value appreciation.
Cons
Age and Condition of Existing Structure: Built in 1956, the current 2,034 sqft residence is likely outdated and requires substantial renovation or demolition, as the property is primarily marketed for its land and development potential.
Listing Price vs. Estimated Value Discrepancy: The listing price of $1.575M is notably higher than the estimated property value of $1.34M, indicating a premium placed on the land and development opportunity rather than the existing structure, which may require a specific buyer profile.
Development Verification Required: The description notes that potential additions like a guest house/ADU or pool are 'buyer to verify,' suggesting that due diligence and potential complexities in obtaining permits or approvals may be involved.