4950 Vanalden Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 4 bath
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Tarzana, California 91356
Analysis of 4950 Vanalden Avenue, Tarzana, California 91356 is currently available with a list price of $999,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Tarzana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
This property is listed as an RTI (Ready-to-Issue) development opportunity for a new luxury estate. There is currently no habitable structure on-site, and the value is derived entirely from the land and the approved plans for future construction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40836, living area = 7159.
The property features Ready-to-Issue (RTI) plans for a 6,300 sq ft main residence and a 650 sq ft guest house, significantly accelerating the construction timeline by bypassing the lengthy permitting process.
Situated in a highly desirable pocket of Tarzana, this private gated setting offers exclusivity and prestige, with neighboring high-end construction further enhancing the area's market value.
As a development site rather than a finished home, the project requires significant additional capital, management, and time to realize the final vision of the 7,159 sq ft total living space.
The hillside nature of the lot, while providing views, often entails more complex engineering and higher foundation costs compared to standard flat-lot developments.
Huge price reduction for this unique RTI Development Opportunity – South of the Boulevard with Breathtaking Views A rare chance to build a luxurious single-family estate with a guest house, located south of the boulevard in a private gated setting shared with only two other properties. One neighboring structure is currently under construction, adding value to the area. RTI plans are approved for a stunning 6,300 sq ft, three-story residence featuring a pool, along with a 650 sq ft guest house – perfect for extended family, a home office, or rental income. Enjoy unobstructed, spectacular views from this peaceful hillside location. A paved road leads directly to the property’s driveway for easy access. Don’t miss this prime opportunity to bring your vision to life in one of the most desirable pockets of the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 7,159 | 2,902 | 99% |
| Lot Size | 40,836 | 17,150 | 95% |
| Price | $999.0K | $1.83M | 9% |
| Price per sq ft | $140 | $662 | 1% |
| Built year | 2025 | 1964 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 254 | 172 | 89% |
Dec 26, 2025
$999,000
$1,295,000
-23% Price Drop
Initial Listing
Nov 8, 2025
$1,295,000
$1,495,000
-13% Price Drop
Initial Listing
Aug 11, 2025
$1,495,000
Initial Listing