4959 Brewster Drive, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 6 bath
4959 Brewster Drive
Tarzana, California 91356
Property Price
SUMMARY
Analysis of 4959 Brewster Drive, Tarzana, California 91356 reveals a Prime Investment Opportunity with a current list price of $2,189,000—significantly undercutting the $2,365,740 Fair Market Value by 7%. This valuation gap indicates a +$176,740 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4959 Brewster Drive Subject | $2,189,000* List Price | 5 | 6 | 4,233 | $559 | - |
A 4847 Brewster Drive Sold | $1,675,000 | 5 | 5 | 3,634 | $461 | 0.2 mi |
B 5234 Tampa Avenue Sold | $1,797,000 | 5 | 4 | 2,902 | $619 | 0.6 mi |
C 19231 Casa Sold | $1,600,000 | 4 | 3 | 3,908 | $409 | 0.5 mi |
D 5220 Melvin Avenue Active | $1,999,000 List Price | 5 | 4 | 3,974 | $503 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1956, this home shows signs of being well-maintained but has not undergone a recent major renovation. The kitchen features functional, higher-end stainless steel appliances, but the cabinetry, granite countertops, tile flooring, and especially the large fluorescent ceiling light fixture are significantly dated. Bathrooms are notably outdated with tile countertops, mirrored walls, and some fixtures in colors like pink/peach, indicative of renovations from 20-30+ years ago. While major systems appear functional, the property requires substantial cosmetic updates and potential system upgrades to meet current standards, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 21392, living area = 4233.
- Prime Location
Located in prime Tarzana, south of Ventura Blvd, offering convenient access to top schools, shopping, dining, and recreation.
- Expansive Flat Lot
Features an impressive 21,392 sq ft flat lot, providing ample outdoor space for expansion, landscaping, and various amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Requires Significant Renovation
Built in 1956 and described as 'ready for the next owner to reimagine and personalize,' indicating a need for substantial updates and modernization to meet current aesthetic and functional standards.
- Outdated Systems/Finishes Potential
As an older home (1956) that has been family-owned for over 25 years, it likely has original or older systems and finishes that may require costly upgrades or replacements.
About 4959 Brewster Drive
This cherished family home in prime Tarzana is located south of Ventura Blvd offering room to grow, remodel, and make your own. Set on an impressive 21,392 sq ft flat lot, this 5-bedroom, 6-bathroom single-story home spans approximately 4,233 sq ft and has been cared for by the same family for over 25 years. The open, flowing layout provides flexibility for everyday living, entertaining, and future redesign. Generously sized living areas are ideal for hosting large gatherings while a cozy Music & Movie Family Room has served as a treasured gathering space for years adding to the home's unique charm and natural sense of comfort. A detached structure on the property, used for many years as a Music Studio, presents great potential--whether as a creative workspace, guest space, pool house, or rental. Outdoors, enjoy the pool & spa with plenty of space for future vision & expansion. This is a well-loved home with solid fundamentals, ready for the next owner to reimagine and personalize. Located near top schools, shopping, dining & recreation the home offers a rare blend of space, potential, and location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 21,392 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 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 • 1.0 mi
Vanalden Avenue Elementary School
Grades K-5 • 1.5 mi
Newcastle Elementary School
Grades K-5 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 62% |
| Baths | 6.0 | 4.0 | 86% |
| Square foot | 4,233 | 2,902 | 81% |
| Lot Size | 21,392 | 17,150 | 81% |
| Price | $2.19M | $1.80M | 66% |
| Price per sq ft | $517 | $661 | 11% |
| Built year | 1956 | 1964 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 162 | 3% |
Pricing History
Listed for Sale
Jan 26, 2026
$2,189,000
Initial Listing