
Tarzana, California 91356
This Rare Development-Ready Estate is listed at $2,850,000, representing a strategic acquisition reflecting its $2,536,600 Fair Market Value and significant land utility. Boasting a Good Condition Rating, the 3,500 sqft residence features a Gourmet Kitchen, Vaulted Ceilings, and a Resort-Style Pool. The property’s primary strength is the expansive 17,755 sqft Gated Lot featuring Double Legal Lots, offering rare subdivision or expansion potential south of Ventura Blvd. Located near Gaspar De Portola Middle School, this is an ideal play for Luxury Developers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5329 Mecca Avenue Subject | $2,850,000* List Price | 5 | 4 | 3,500 | $725 | - |
A 18760 Wells Drive Sold | $2,250,000 | 5 | 4 | 3,148 | $715 | 0.4 mi |
B 5128 Avenida Hacienda Active | $3,150,000 List Price | 5 | 4 | 4,537 | $694 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant updates over the years. The gourmet kitchen features stainless steel appliances, granite countertops, and custom cabinetry that appear to be from a renovation within the last 10-15 years. The interior features vaulted ceilings with beams, skylights, and well-preserved hardwood flooring. While the home was originally built in 1936, the updated systems, including solar panels and a functional pool/spa area, align with the 'good' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17755, living area = 3500.
The property features two rare, legal lots of approximately 9,000 square feet each, providing a significant opportunity for developers or investors to maximize value through subdivision or new construction.
Situated south of Ventura Boulevard in a prestigious Tarzana neighborhood, the home offers a highly desirable address known for its privacy, exclusivity, and proximity to upscale amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3500, other record living area = 3041. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The local elementary schools assigned to this address have lower performance ratings, which may be a drawback for families specifically seeking top-tier public education.
With an original build date of 1936, the property may require more intensive maintenance or infrastructure updates compared to newer builds in the same price bracket.
Charming, spacious one-story home south of Ventura Blvd.! Featuring 5 BR - 3.5 BA in approximately 3,500 sqft on an almost 18,000 sqft gated lot. Updated over the years, home features a bright grand room with high, pitched ceiling, family room and dining spaces with beam design, and a wood burning fireplace. Gourmet kitchen features custom cabinetry, stainless-steel appliances, granite countertops, skylights, and sliding door to covered patio. Large primary suite features high, pitched ceilings, walk-in closet, office/bonus room, and spacious primary bath with walk-in shower and soaking tub. Expansive backyard features large lawn/grassy area, mature landscaping, citrus trees, covered patio, and pool/spa. Rare opportunity for developers as well- double legal lots, approx. 9,000 sqft each.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.6 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 | 3,500 | 2,945 | 68% |
| Lot Size | 17,755 | 17,233 | 54% |
| Price | $2.85M | $1.84M | 84% |
| Price per sq ft | $814 | $664 | 80% |
| Built year | 1936 | 1964 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 170 | 13% |
Mar 20, 2026
$2,850,000
$2,999,999
-5% Price Drop
Initial Listing
Feb 5, 2026
$2,999,999
Initial Listing
Jan 22, 1998
$339,500
Public Record
May 7, 1997
$220,000
Public Record