4918 Calvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 4 bath
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Tarzana, California 91356
This Spacious Hillside Estate is a Prime Investment Opportunity, listed at $1,980,000—positioned well below the $2,054,482 Fair Market Value by 3%. This valuation gap offers $74,482 in Instant Equity. Featuring a modernized main level, mountain views, and a Good Condition Rating, the property provides a "foundation" for finishing the upstairs to maximize appreciation. Located in the Wilbur Charter district on a 16,126 sqft lot, it is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4918 Calvin Avenue Subject | $1,980,000* List Price | 5 | 4 | 4,352 | $472 | - |
A 5150 Donna Avenue Sold | $2,120,000 | 5 | 4 | 4,029 | $526 | 0.9 mi |
B 19714 Komar Drive Sold | $2,328,000 | 5 | 5 | 4,424 | $526 | 0.5 mi |
C 4835 Corbin Avenue Sold | $1,700,000 | 5 | 3 | 3,078 | $552 | 0.2 mi |
D 5220 Melvin Avenue Active | $1,899,999 List Price | 5 | 4 | 3,974 | $478 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a high-end, comprehensive renovation on the main level, including a modern kitchen with flat-panel cabinetry, waterfall islands, and premium stainless steel appliances. While the updated areas and exterior deck are in excellent condition, the listing description notes that the upstairs is an 'opportunity for personal customization' and the project needs to be 'completed,' which precludes an 'excellent' rating for the entire structure.
At approximately $455 per square foot, this property offers significant square footage and value for a 4,352 square foot estate in the prestigious South of Ventura Boulevard hillside community.
The main floor features a comprehensive renovation with contemporary finishes, smart home integration, and high ceilings, providing a sophisticated and move-in-ready primary living space.
The rare 16,126 square foot lot provides a massive footprint for outdoor development, resort-style landscaping, or the addition of an Accessory Dwelling Unit (ADU) to maximize equity.
While the main level is fully updated, the upstairs is described as an opportunity for customization, implying that the upper living quarters may require additional investment to match the modern main floor.
The property is marketed as a 'foundation' to be completed by the buyer, suggesting that significant capital and time may be necessary to finish the estate to a high-end standard.
South of Ventura Boulevard in Tarzana's established hillside community, this 5-bedroom, 3.5-bathroom estate offers approximately 4,352 square feet on a rare 16,126 square foot lot. Delivering exceptional square footage per dollar in one of the Valley's most sought-after neighborhoods. The main level features a comprehensive renovation with contemporary finishes, smart home integration, and an open flow between kitchen and living areas. High ceilings and abundant natural light define the space. Upstairs, the generous bedroom configuration—including a substantial primary suite—presents an opportunity for personal customization. The expansive lot allows for outdoor development, ADU potential, or resort-style landscaping. Zoned for Wilbur Charter for Enriched Academics and Gaspar de Portola Charter Middle School, both highly regarded LAUSD programs. Minutes from Ventura Boulevard's retail and dining corridor with direct 101 Freeway access to Downtown, Santa Monica, and the Westside. At approximately $455 per square foot, this is a rare opportunity to secure significant space and location at compelling value—whether you're scaling up, investing for appreciation, or building equity with a vision. The foundation is set; complete it your way.
No exterior & parking available.
Grades K-5 • 1.4 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 | 63% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 4,352 | 2,945 | 79% |
| Lot Size | 16,126 | 17,010 | 46% |
| Price | $1.98M | $1.84M | 61% |
| Price per sq ft | $455 | $661 | 5% |
| Built year | 1995 | 1965 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 170 | 3% |
Apr 8, 2026
$1,980,000
Initial Listing
Mar 3, 2008
$1,380,000
Public Record
Apr 5, 2002
$740,000
Public Record