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

5220 Melvin Avenue, Tarzana, California 91356 home-pic-0
ACTIVE$2,495,000
5220 Melvin Avenue, Tarzana, California 91356
5Beds
4Baths
3,974Sqft
19,807Lot
Year Built
1956
Close
-
List price
$2.5M
Original List price
$2.6M
Price/Sqft
$628
HOA
-
Days on market
-
Sold On
-
MLS number
25513399
Home ConditionExcellent
Features
Good View:
Deck
Pool
Spa
Patio
View

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.50M(77th), sqft - 3974(79th), beds - 5(64th), baths - 4(51th).

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 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.

Nearby schools

3/10
Tarzana Elementary School
Public,K-51.0mi
3/10
Vanalden Avenue Elementary School
Public,K-51.3mi
6/10
Newcastle Elementary School
Public,K-52.5mi
8/10
Lanai Road Elementary School
Public,K-54.0mi
6/10
Gaspar De Portola Middle School
Public,6-81.0mi
5/10
Woodland Hills Charter Academy
Public,6-81.5mi
5/10
William Mulholland Middle School
Public,6-83.6mi
3/10
William Mulholland Middle School
Public,6-83.6mi
4/10
Reseda Senior High School
Public,9-122.3mi
Condition Rating
Excellent

Despite being built in 1956, the property has undergone extensive and recent renovations, as evidenced by the description and images. The interior features custom White Oak flooring, recessed lighting, and a contemporary traditional design throughout. The kitchen boasts modern white shaker cabinets, stainless steel appliances, and ample counter space. The primary bathroom is a highlight, featuring a modern double vanity, large format gray tile, a glass-enclosed rainfall shower, and a Jacuzzi tub, all indicative of high-quality, recent updates. The laundry room also has modern appliances. The exterior and outdoor amenities, including an oversized pool, waterfall Jacuzzi, and outdoor kitchen, are well-maintained and modern. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 19807, living area = 3974.
Expansive & Private Lot with ADU Potential: The property boasts a nearly 20,000 sqft lot with mature landscaping, creating a private oasis, and offers significant value-add with space for a potential 2,300 sqft ADU.
Luxurious Outdoor Oasis: The backyard is a true oasis featuring an oversized pool, waterfall Jacuzzi, charming cabana, and a fully equipped outdoor kitchen, perfect for entertaining and al fresco dining.
Modern Updates & Timeless Charm: The home seamlessly blends modern updates like custom White Oak flooring and recessed lighting with its original charm, presenting a well-maintained and aesthetically pleasing interior.
Gourmet Chef's Kitchen: The chef's kitchen is well-appointed with generous cabinetry, ample countertop space, a breakfast area, breakfast bar, and high-end stainless steel appliances, catering to culinary enthusiasts.
Prime Location & Accessibility: 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.

Cons

Original Build Year: Built in 1956, despite modern updates, the underlying structure and some systems may be older, potentially requiring more maintenance or future upgrades compared to newer constructions.
Price Reduction & Time on Market: The property has seen a price reduction from its original list price and has been on the market for nearly two months, which could suggest initial overpricing or slower buyer interest.
Undisclosed Specific Views: While the property is noted as having a 'view,' the description does not specify desirable panoramic views (e.g., city lights, mountains, valley) that some comparable properties explicitly highlight, potentially limiting its perceived value in this regard.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state