4908 Calvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 4 bath
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Tarzana, California 91356
This High-Potential Investment Opportunity is listed at $1,999,999, positioned well below the $2,073,213 Fair Market Value by 3%. This valuation gap provides $73,214 in Instant Equity. Featuring a Condition Rating of 3, the home offers a 15,352 sqft lot with significant ADU potential and a Single-Story Layout. While local school ratings vary, the prime South of the Boulevard location ensures long-term demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to modernize a high-upside asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4908 Calvin Avenue Subject | $1,999,999* List Price | 5 | 4 | 3,334 | $622 | - |
A 4909 Calvin Sold | $2,385,000 | 4 | 4 | 3,312 | $720 | 0.0 mi |
B 4835 Corbin Avenue Sold | $1,700,000 | 5 | 3 | 3,078 | $552 | 0.2 mi |
C 5150 Donna Avenue Sold | $2,120,000 | 5 | 4 | 4,029 | $526 | 0.8 mi |
D 19695 Valdez Drive Sold | $2,050,000 | 5 | 3 | 3,214 | $638 | 0.7 mi |
E 4830 Hasekian Drive Sold | $2,200,000 | 4 | 5 | 3,005 | $732 | 0.7 mi |
F 4918 Calvin Avenue Active | $1,980,000 List Price | 5 | 4 | 4,352 | $455 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1963 but features significant updates likely performed within the last 10-20 years, including recessed lighting, granite countertops, and updated flooring. The property is well-maintained and move-in ready, though some finishes like the dark wood vanities and cabinetry are beginning to show age and minor wear.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15352, living area = 3334.
Situated in one of Tarzana’s most coveted neighborhoods south of Ventura Boulevard, this property offers a prestigious address with easy access to high-end dining, shopping, and hiking trails.
The generous 15,352 sqft lot provides exceptional versatility for value-add opportunities, including the construction of a guest house, ADU, or a custom resort-style backyard retreat.
The assigned local public schools, particularly the elementary and high school levels, carry lower ratings which may be a concern for education-focused buyers at this price point.
Built in 1963 and marketed as a 'canvas for remodeling,' the home likely requires significant capital investment to update its original features to meet contemporary luxury standards.
Located south of the Boulevard in one of Tarzana’s most sought-after neighborhoods, 4908 Calvin Ave presents a rare opportunity to own a single-story home on an expansive lot with incredible upside, flexibility, and long-term value. Nestled on a quiet residential street above Ventura Blvd, this property combines privacy, location, and potential in one of the San Fernando Valley’s most desirable pockets. The home features a bright and functional floor plan with abundant natural light, spacious living areas, and seamless indoor-outdoor flow designed for comfortable everyday living and entertaining. The existing residence is well-maintained and move-in ready, offering the perfect canvas for buyers looking to remodel, expand, modernize, or create a custom dream home over time. Set on a generously sized lot, the possibilities are endless. Design the ultimate backyard retreat for beautiful CA weather with a resort-style pool, outdoor kitchen, entertaining space ,basketball court or future additions like guest house or ADU. Whether you’re an owner-user, investor, builder, or someone searching for a forever home in prime Tarzana south of the blvd location, this property delivers exceptional versatility and potential. Ideally located just moments from Ventura Boulevard’s premier dining, shopping, cafes, and entertainment, with convenient access to parks, hiking trails, top-rated schools, and major freeways. Opportunities like this in south of the Boulevard Tarzana are increasingly rare. A true value-add property with a large lot, single-level layout, prime location, and endless potential in one of Tarzana’s most coveted neighborhoods.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 68% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,334 | 2,841 | 67% |
| Lot Size | 15,352 | 17,456 | 40% |
| Price | $2.00M | $1.89M | 56% |
| Price per sq ft | $600 | $661 | 24% |
| Built year | 1963 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 156 | 3% |
May 15, 2026
$1,999,999
Initial Listing