
Los Angeles, California 91356
This property presents a High-Potential Investment Opportunity with a List Price of $1,695,000—positioned well below the $1,763,160 Fair Market Value by 3%. This valuation gap offers $68,160 in Instant Equity for buyers. With a Condition Rating of 5, this cosmetic fixer features a 12,305 sqft lot and ADU conversion potential via the permitted office. This South of the Boulevard asset is an ideal acquisition for Developers or Contractors seeking a value-add project in a historic Tarzana location.
Property is extensive renovation needed.
Built in 1955 and explicitly marketed as a 'cosmetic fixer' and 'development opportunity,' this property is being sold 'as-is.' While the kitchen has granite counters, the cabinetry, appliances, and bathrooms reflect updates that are likely 20-30+ years old. The listing's heavy emphasis on attracting developers and contractors suggests the need for a full rehab rather than minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12305, living area = 2898.
Situated South of the Boulevard on a nearly 1/3-acre corner lot, this property offers a prestigious Tarzana address with significant land value and expansion potential.
The property includes a permitted office with a half-bathroom adjacent to the garage, providing an ideal footprint for a seamless ADU conversion to increase value or rental income.
Marketed as a cosmetic fixer and sold in as-is condition, the home requires substantial immediate capital investment for renovations and modern upgrades.
The assigned elementary schools carry lower performance ratings (3/10), which may be a drawback for families prioritizing high-ranking public education.
Welcome to a rare opportunity in one of Tarzana’s most desirable South of the boulevard neighborhood, where generous indoor spaces, an expansive lot, a private pool and incredible potential come together in a home that has been loved for decades. Set on nearly one-third of an acre in a prime corner location, this spacious single story four bedroom, four bathroom home offers approximately 2,898 square feet of living space and a layout designed for both comfort and memorable gatherings. Step inside to a large open living and dining room area, a generous family room and three fireplaces that bring warmth and character throughout this home. The oversized primary suit feels like a true retreat, complete with its own fireplace, a double walk-in closet and an additional large closet with extensive shelving and sliding doors. Three additional bedrooms provide plenty of room for family, guests, a home office or whatever fits your lifestyle. The kitchen features granite counter tops and is complemented by a subzero refrigerator, large pantry and abundant storage. A separate laundry room with its own utility sink adds even more everyday convenience. One of the homes standout spaces is the enclosed patio overlooking the beautiful, large private swimming pool. With 2 ceiling fans and its own air conditioning, it creates an inviting indoor-outdoor space for relaxing, entertaining, dining or simply enjoying the Southern California lifestyle year-round. Outside, the expansive lot offers room to gather, play, entertain, garden and create your own backyard oasis. Adjacent to the attached two car garage is a permitted space ideal for an office with the forth (half) bathroom. This space offers the exciting flexibility for working from home or having a private gym / yoga retreat. The potential for future possibilities of this space include converting into a possible ADU, subject to applicable approvals. Offered for the first time in decades and located within the historic Tarzana Ranch area originally developed by Edgar Rice Burroughs, this is a home with space, character, history and enormous opportunity. Move-in and enjoy what is already here, then update and personalize over time to make it completely your own. Homes with this combination set on nearly one-third of an acre, with almost 2,900 square feet of single-story living in a prime south of Ventura Boulevard location are increasingly hard to find. Come experience the possibilities for yourself.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,898 | 1,664.159 |
| Lot Size | 12,305 | 6,066.556 |
| Price | $1.70M | $1.35M |
| Price per sq ft | $585 | $806 |
| Built year | 1955 | 1939 |
| HOA | $0 | $278 |
| Days on market | 43 | 55 |
Jul 28, 2026
$1,695,000
Initial Listing
Jul 29, 1994
$337,500
Public Record