4950 Garden Grove, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 3 bath
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4950 Garden Grove
Tarzana, California 91356
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,339Sq Ft
5,501Lot Size
Property Price
LIST PRICE$999,950
EST. MARKET VALUE
$1,041,515
3% BelowMARKET VALUE
SUMMARY
This South of the Boulevard Single Family Residence represents a Strong Value Opportunity, listed at $999,950—positioned well below the $1,041,516 Fair Market Value by 3%. This valuation gap offers $41,566 in Instant Equity. With a Good Condition Rating and significant infrastructure updates like a 2016 roof and 2025 exterior paint, the home features a versatile converted garage and a private patio. It is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers prioritizing location near top-rated schools.
Estimated Market Value
$1,041,515+$41,565 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Tarzana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4950 Garden Grove Subject | $999,950* List Price | 3 | 3 | 1,339 | $778 | - |
A 5126 Avenida Oriente Sold | $1,045,000 | 3 | 1 | 1,368 | $764 | 0.3 mi |
B 5166 Nestle Avenue Sold | $888,888 | 2 | 1 | 1,044 | $851 | 0.3 mi |
C 5406 Garden Grove Avenue Active | $1,195,000 List Price | 3 | 2 | 1,370 | $872 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready with significant system updates including a new roof and trenchless sewer liner (2016), HVAC (2011), and fresh exterior paint (2025). While the kitchen and bathrooms feature dated knotty pine cabinetry and older tile work, they are functional and clean, fitting the 10-20 year maintenance window for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated 'South of the Boulevard' in a highly desirable Tarzana neighborhood, the property offers excellent walkability to Nestle Elementary and close proximity to the shopping and dining of Ventura Boulevard.
- Versatile Bonus Space
The garage has been converted into a functional usable space complete with a bathroom, providing a perfect opportunity for a home office, gym, or guest studio without sacrificing the main living area.
- Significant Infrastructure Upgrades
The home boasts essential long-term maintenance updates including a newer roof and trenchless sewer liner (2016), updated HVAC (2011), and fresh exterior paint (2025), reducing immediate move-in costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Compact Interior Square Footage
At 1,339 square feet for a 3-bedroom, 3-bathroom home, the interior layout may feel somewhat constrained for buyers prioritizing spacious open-concept living.
- Lack of Scenic Views
Despite its sought-after location, the property does not offer the hillside or canyon views often expected by buyers looking in the 'South of the Blvd' market.
About 4950 Garden Grove
Presenting an incredible “South of Blvd” opportunity at a price you can afford. This charming home has been ideally expanded to suit all your needs. Long partially covered driveway accommodates several vehicles. Spacious living room affords smooth ceilings and plantation shutters. Light and bright kitchen offering attractive wood cabinetry and a distinct wood beam opens to a magnificent family room with a dazzling brick fireplace as a striking centerpiece. An added primary suite offers a private bathroom and loads of closets and storage drawers. Two additional bedrooms and full bath complete. Outside enjoy a large covered dining/entertaining area, grassy section with a beautiful pear tree, gated driveway/play area and a garage converted to usable space with a bathroom. Utilize as a studio office, gym, playroom or more. Past upgrades include fresh exterior paint in 2025, new roof in 2018, trenchless sewer liner in 2016, New heat/air in 2011 and and newer windows. Just a short stroll to Nestle Elementary and close to the Blvd! Don’t miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 5,501 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Tarzana Unified Schools
Tarzana Elementary School
Grades K-5 • 1.4 mi
3/10
Vanalden Avenue Elementary School
Grades K-5 • 1.9 mi
3/10
Newcastle Elementary School
Grades K-5 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.1 |
| Baths | 3.0 | 3.3 |
| Square foot | 1,339 | 2,473.289 |
| Lot Size | 5,501 | 14,080.733 |
| Price | $1000.0K | $1.74M |
| Price per sq ft | $747 | $643 |
| Built year | 1950 | 1961 |
| HOA | $0 | $600 |
| Days on market | 7 | 70 |
Pricing History
Listed for Sale
Sep 2, 2026
$999,950
Initial Listing