
Tarzana, California 91356
This Spacious Tarzana Residence is a Strong Value Opportunity, listed at $1,899,999—positioned well below the $2,047,037 Fair Market Value by 7%. This valuation gap provides $147,038 in Instant Equity. Boasting a Condition Rating of 3, the home features White Oak flooring, a chef's kitchen, and a resort-style pool. The massive 20,000 sqft lot offers significant upside with space for a 2,300 sqft ADU. Located near Gaspar De Portola Middle School, it perfectly balances luxury with investment potential. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5220 Melvin Avenue Subject | $1,899,999* List Price | 5 | 4 | 3,974 | $515 | - |
A 5150 Donna Avenue Sold | $2,120,000 | 5 | 4 | 4,029 | $526 | 0.7 mi |
B 5706 Corbin Avenue Sold | $1,955,000 | 5 | 4 | 3,441 | $568 | 0.6 mi |
C 4835 Corbin Avenue Sold | $1,700,000 | 5 | 3 | 3,078 | $552 | 0.6 mi |
D 5234 Tampa Avenue Sold | $1,797,000 | 5 | 4 | 2,902 | $619 | 0.4 mi |
E 19714 Komar Drive Sold | $2,328,000 | 5 | 5 | 4,424 | $526 | 0.9 mi |
F 4918 Calvin Avenue Active | $1,980,000 List Price | 5 | 4 | 4,352 | $455 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1956, the property has undergone extensive renovations including modern White Oak flooring, recessed lighting, and a chef's kitchen with stainless steel appliances. While the primary suite and living areas appear updated within the last 5-15 years, the 'As-Is' listing status and specific kitchen finishes (backsplash/countertops) suggest it is a well-maintained, move-in ready home rather than a mint-condition renovation from the last 5 years.
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 nearly 20,000 sqft, this massive corner lot offers rare versatility and significant value-add potential with space for a 2,300 sqft ADU.
The backyard is a premier entertainment oasis featuring an oversized pool, waterfall Jacuzzi, cabana, and a fully equipped outdoor kitchen for high-end al fresco dining.
The property is being sold in 'as-is' condition, which may necessitate additional buyer capital for immediate repairs or deferred maintenance.
Key amenities such as the tennis court and various interior finishes are virtually staged, potentially creating a gap between marketing expectations and the actual physical state of the property.
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* The Property is being Sold As-Is.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 63% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 3,974 | 2,945 | 74% |
| Lot Size | 19,807 | 17,233 | 75% |
| Price | $1.90M | $1.84M | 55% |
| Price per sq ft | $478 | $661 | 8% |
| Built year | 1956 | 1964 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 170 | 3% |
Mar 30, 2026
$1,899,999
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