5403 Shirley Avenue, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 2 bath
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Tarzana, California 91356
This property presents a High-Potential Investment Opportunity with a List Price of $2,000,000—positioned well below the $2,018,811 Fair Market Value by 0.93%. This valuation gap offers $18,811 in Instant Equity. With a Condition Rating of 5, the home requires significant modernization, yet the 25,843 sqft lot provides massive development potential for an ADU or equestrian facilities. Featuring tree-filled views and a 3-car garage, this is an ideal acquisition for Fix-and-Flip Investors or Developers seeking a versatile, large-scale project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5403 Shirley Avenue Subject | $1,799,000* List Price | 3 | 2 | 1,931 | $1,014 | - |
A 19404 Olivos Drive Sold | $1,650,000 | 3 | 2 | 1,830 | $902 | 0.8 mi |
B 5653 Shirley Avenue Active | $1,429,000 List Price | 3 | 2 | 2,030 | $704 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 and explicitly marketed as a fixer or development opportunity. While the kitchen has a dated mid-range renovation, the bathroom features original green tile and exposed plumbing, and the overall property requires significant rehab and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25843, living area = 1931.
The expansive 25,843 sqft lot offers significant development potential, providing ample space for an ADU, sports court, or equestrian facilities to maximize property value.
Privately gated and set behind a long driveway, the property offers a secluded retreat with extensive parking capacity for multiple vehicles, RVs, or boats.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is marketed as a fixer or development opportunity, indicating that substantial capital investment is required for renovations or a complete rebuild.
Built in 1949, the existing structure likely requires significant modernization of its core systems and finishes to meet the expectations of today's luxury buyers.
Privately gated and set behind a long, expansive driveway, this rare property on an oversized 25,843 sqft lot offers an incredible fixer or development opportunity with endless potential. Designed for those who value space, privacy, and flexibility, the oversized driveway easily accommodates RV or boat, and additional vehicle parking in addition to the 3 car garage. The expansive backyard offers a unique tiered upper pad with beautiful tree-filled views, creating an exceptional setting for a future ADU, sports court, equestrian facilities, or other custom amenities. Previously utilized for horse stables, the property presents a rare opportunity for equestrian enthusiasts or those seeking a versatile outdoor lifestyle. Whether you're an investor, developer, entertainer, hobbyist, or a growing family looking for room to expand, this property provides the privacy, scale, and possibilities to create something truly special. A rare chance to unlock the full potential of an exceptional lot in a secluded setting.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.5 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,931 | 2,853.5 |
| Lot Size | 25,843 | 8,376 |
| Price | $1.80M | $1.81M |
| Price per sq ft | $932 | $668 |
| Built year | 1949 | 1962 |
| HOA | $0 | $0 |
| Days on market | 23 | 61 |
Jul 16, 2026
$1,799,000
$2,000,000
-10% Price Drop
Initial Listing
Jun 29, 2026
$2,000,000
Initial Listing
Jan 18, 2007
$1,175,000
Public Record