5220 Melvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 4 bath

5220 Melvin Avenue, Tarzana, California 91356 home-pic-0

5220 Melvin Avenue

Tarzana, California 91356

ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
3,974Sq Ft
19,807Lot Size

Property Price

LIST PRICE$1,999,000
EST. MARKET VALUE
$2,103,604
4% BelowMARKET VALUE

SUMMARY

Estimated Market Value

$2,103,604 +$104,604 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Tarzana.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
5220 Melvin Avenue
Subject
$1,999,000*
List Price
543,974$529-
A
19714 Komar Drive
Sold
$2,328,000554,424$5260.9 mi
B
5252 Vanalden Avenue
Sold
$1,636,600442,768$5910.6 mi
C
4918 Calvin Avenue
Active
$2,149,999
List Price
544,352$4940.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive recent renovation that meets modern luxury standards. Key features include high-end stainless steel chef's appliances, custom White Oak flooring, recessed lighting, and a primary suite with a spa-like bathroom featuring a rainfall shower and Jacuzzi tub. All major interior components appear new or virtually new with no signs of deferred maintenance.

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 = 19807, living area = 3974.

  • Expansive Outdoor Oasis

    Situated on a nearly 20,000 sqft lot, the property features a resort-style backyard with an oversized pool, waterfall Jacuzzi, cabana, and a full outdoor kitchen, offering a private paradise for high-end entertaining.

  • Significant ADU Potential

    The massive lot size provides a rare opportunity to build a potential 2,300 sqft Accessory Dwelling Unit (ADU), offering substantial value-add potential for rental income or multi-generational living.

CONSRISKS & DEFICIENCIES

  • Virtually Staged Expectations

    Several key features, including the tennis court and various interior/exterior elements, are virtually staged, which may create a discrepancy between the marketing materials and the property's current physical state.

  • Lower-Rated Local Schools

    The assigned elementary schools carry lower performance ratings (3/10), which could be a concern for families specifically seeking top-tier public education within the immediate vicinity.

About 5220 Melvin Avenue

This enchanting storybook home, nestled on a peaceful, tree-lined street, seamlessly blends modern updates with timeless charm. Set on nearly 20,000 sqft, the property offers exceptional curb appeal with five spacious bedrooms, four bathrooms, a half-circle driveway, and mature landscaping, creating a private paradise. Inside, the contemporary traditional design radiates natural warmth, featuring custom White Oak flooring, recessed lighting, a cozy fireplace, and a stylish bar area bathed in abundant natural light. The expansive dining room, with an additional nook and grand fireplace, is perfect for entertaining. The chef's kitchen offers generous cabinetry, countertop space, a breakfast area, breakfast bar, and high-end stainless steel appliances. The primary retreat is a true sanctuary with vaulted ceilings, a private balcony, a spacious walk-in closet with custom cabinetry, and an en suite bathroom with a rainfall shower, Jacuzzi tub, skylight, and double vanity. The backyard is an oasis, with an oversized pool, waterfall Jacuzzi, charming cabana, and an outdoor kitchen with a grill and sink ideal for al fresco dining and entertaining. The expansive lawn provides endless possibilities for recreation including Tennis Court and space for a potential 2,300 sqft ADU (buyer to verify). Additional features corner lot including a side driveway leading to the bottom level, an attached two-car garage, an expansive side yard, a dedicated laundry room, and central AC/heat. Conveniently located near trendy restaurants, shopping, and amenities such as The Village, Cedars-Sinai, Whole Foods, and Equinox, with easy access to the 101 Freeway, this home offers the perfect balance of privacy, luxury, and convenience. Prepare to be amazed. *Some photos are Virtually Staged both Interior and Exterior including Tennis Court*

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1956
Lot Size
19,807 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
4 (4 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

3/10

Vanalden Avenue Elementary School

Grades K-5 • 1.3 mi

3/10

Newcastle Elementary School

Grades K-5 • 2.5 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
62%
Baths4.04.0
50%
Square foot3,9742,902
79%
Lot Size19,80717,150
75%
Price$2.00M$1.80M
63%
Price per sq ft$503$661
11%
Built year19561964
37%
HOA$0$0
50%
Days on market17162
1%

Pricing History

Listed for Sale

Feb 17, 2026

$1,999,000

Initial Listing

Sold

Jun 3, 2022

$2,200,000

Public Record

Sold

Mar 27, 2007

$1,500,000

Public Record

Sold

Sep 9, 2005

$1,350,000

Public Record

Sold

Apr 25, 2003

$1,025,000

Public Record

Sold

Aug 11, 1998

$505,000

Public Record

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