
Los Angeles, California 91356
This Spacious Modernized Traditional is a Strong Value Opportunity, listed at $1,950,000—positioned well below the $2,116,548 Fair Market Value by 7%. This valuation gap offers $166,548 in Instant Equity. Featuring an Excellent Condition Rating with custom White Oak flooring and a resort-style backyard with a pool and waterfall spa, the home is move-in ready. While local school ratings are moderate, the property’s expansive 19,807 sq. ft. lot provides significant lifestyle value. This is an ideal acquisition for Owner-Occupants seeking luxury or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5220 Melvin Avenue Subject | $1,950,000* List Price | 5 | 4 | 3,974 | $533 | - |
A 5150 Donna Avenue Sold | $2,120,000 | 5 | 4 | 4,029 | $526 | 0.7 mi |
B 4835 Corbin Avenue Sold | $1,700,000 | 5 | 3 | 3,078 | $552 | 0.6 mi |
C 4807 Ellenita Avenue Active | $1,799,950 List Price | 5 | 4 | 3,406 | $528 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1956, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features modern White Oak flooring, a chef's kitchen with quartz countertops and high-end stainless steel appliances, and updated spa-inspired bathrooms. With central HVAC and mint-condition finishes throughout, the home requires no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19807, living area = 3974.
Situated on a nearly 20,000 sq. ft. lot, the property features a premier outdoor entertainment space with an oversized pool, waterfall spa, gazebo, and a fully equipped outdoor kitchen.
The home offers nearly 4,000 sq. ft. of living space with premium finishes, including custom White Oak flooring, a chef's kitchen with quartz countertops, and a luxurious primary suite with vaulted ceilings.
The assigned public schools, including Tarzana Elementary and Reseda High, have lower ratings (3 and 4 respectively), which may be a drawback for families prioritizing top-tier education.
The reliance on virtual staging and a rendering for a non-existent tennis court may lead to buyer disappointment and complicates the visualization of the property's actual current condition.
Enchanting storybook home nestled on a peaceful, tree-lined street, seamlessly blending modern updates with timeless charm. Set on nearly a 20,000 sq. ft. lot, this exceptional property features five bedrooms, four bathrooms, a half-circle driveway, and mature landscaping that creates a private retreat. Inside, the contemporary traditional design offers custom White Oak flooring, recessed lighting, three cozy fireplaces, a stylish bar, and abundant natural light. The chef's kitchen features white quartz countertops, generous cabinetry, high-end stainless steel appliances, a breakfast bar, and a dining area.The luxurious primary suite includes vaulted ceilings, a private balcony, a custom walk-in closet, and a spa-inspired bathroom with a rainfall shower, Jacuzzi tub, skylight, and dual vanity.The resort-style backyard is perfect for entertaining, complete with an oversized pool, waterfall spa, gazebo overlooking park-like grounds, and an outdoor kitchen with a built-in grill and sink. Additional highlights include a corner lot, side driveway with lower-level access, attached two-car garage, dedicated laundry room, and central AC/heat. Conveniently located near The Village, Cedars-Sinai, Whole Foods, Equinox, and the 101 Freeway, this home offers the perfect blend of privacy, luxury, and convenience. Some interior and exterior photos have been virtually staged. Tennis court is a rendering of what can be done in the space.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,974 | 1,664.159 |
| Lot Size | 19,807 | 6,066.556 |
| Price | $1.95M | $1.35M |
| Price per sq ft | $491 | $806 |
| Built year | 1956 | 1939 |
| HOA | $0 | $278 |
| Days on market | 28 | 55 |
Aug 12, 2026
$1,950,000
Initial Listing
Jun 3, 2022
$2,200,000
Public Record
Mar 27, 2007
$1,500,000
Public Record
Sep 9, 2005
$1,350,000
Public Record
Apr 25, 2003
$1,025,000
Public Record
Aug 11, 1998
$505,000
Public Record