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5050 Casa Drive, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 3 bath

5050 Casa Drive, Tarzana, California 91356 home-pic-0
ACTIVE UNDER CONTRACT$2,495,000
5050 Casa Drive, Tarzana, California 91356
3Beds
3Baths
2,757Sqft
22,781Lot
Year Built
1952
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$905
HOA
-
Days on market
-
Sold On
-
MLS number
SR25067588
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.50M(77th), sqft - 2757(42th), beds - 3(26th), baths - 3(50th).

Prime South of the Boulevard private gated 23,000 rare, all useable lot. With a park like setting behind walls on all side and 2 gated entrances one on Vanalden Avenue and the other on Casa Drive. This lot is a developers dream location and lot. The current home is updated and livable, however sky is the limit with this very special private lot in the heart of Tarzana, surrounded by new prestigious very large homes. Some can either build new ADU structures or add onto the current home, or teardown the current home and put a 10,000 plus square foot home. Home has a gated pickle ball/sport court with lights. All brick backyard with a shiny blue mosaic tiled pool. The options are endless on this amazing property and is a must see for any end user or developer.

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•0.9mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.4mi
6/10
Newcastle Elementary School
Public,•K-5•2.4mi
8/10
Lanai Road Elementary School
Public,•K-5•3.5mi
6/10
Gaspar De Portola Middle School
Public,•6-8•0.6mi
5/10
Woodland Hills Charter Academy
Public,•6-8•2.1mi
5/10
William Mulholland Middle School
Public,•6-8•3.3mi
3/10
William Mulholland Middle School
Public,•6-8•3.4mi
4/10
Reseda Senior High School
Public,•9-12•2.2mi
Condition Rating
Good
Despite being built in 1952, the listing explicitly states the home is 'updated and livable.' Images confirm significant interior renovations, particularly in the kitchen and bathrooms, which feature modern white cabinetry, stainless steel appliances, stone countertops, updated vanities, contemporary fixtures, and clean tiling. The flooring is a mix of well-maintained wood/laminate and carpet. While the underlying infrastructure is older, the visible updates make the property move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a home extensively renovated within the last 5-15 years.
Pros & Cons

Pros

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 = 22781, living area = 2757.
Prime Location & Expansive Lot: Situated 'South of the Boulevard' on a rare, private, gated, and all-usable 23,000 sqft lot, offering significant desirability and space in Tarzana.
Exceptional Development Potential: Described as a 'developer's dream,' with versatile options for building ADUs, expanding the existing home, or constructing a new 10,000+ sqft residence.
Enhanced Privacy & Security: Features a park-like setting with walls on all sides and two gated entrances, providing superior privacy and security.
Desirable Recreational Amenities: Includes a gated pickleball/sport court with lights and an attractive mosaic-tiled pool, adding significant lifestyle value.
Mountain Views: The property benefits from desirable mountain views, contributing to its aesthetic appeal and overall value.

Cons

High Price Relative to Current Home's Condition: The listing price of $2.495M is substantial, and while the lot offers immense potential, the current 1952-built home, though 'updated and livable,' may not fully justify this price point without further significant investment or redevelopment.
Necessity for Major Investment for Modernization/Redevelopment: The property's primary value proposition lies in its development potential, implying that a buyer seeking a modern, high-end residence will likely need to undertake costly renovations, expansion, or a complete teardown and rebuild.
Older Home Infrastructure: As a 1952 build, the existing home may have older infrastructure or systems that could require ongoing maintenance or eventual replacement, even if cosmetically updated.

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