
Tarzana, California 91356
This Classic Mid-Century Value-Add Estate is listed at $1,585,000, representing a stable acquisition aligned with its $1,570,525 Fair Market Value. Boasting a Condition Rating of 4, the asset requires modernization but offers significant upside via a massive 17,859 sq ft flat lot and an attached unfinished space with plumbing for an ADU conversion. Situated south of Ventura Boulevard in the Los Angeles Unified district, the property’s expansion potential provides a clear path for forced appreciation. This is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5430 Corbin Avenue Subject | $1,585,000* List Price | 3 | 2 | 2,776 | $566 | - |
A 4747 Ellenita Sold | $1,875,000 | 4 | 3 | 2,844 | $659 | 0.9 mi |
B 5234 Tampa Avenue Sold | $1,797,000 | 5 | 4 | 2,902 | $619 | 0.5 mi |
C 4745 Caritina Drive Sold | $1,709,500 | 4 | 4 | 2,702 | $633 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1955 mid-century ranch is well-maintained but largely in original condition, having been held by the same owner for over 50 years. While the hardwood floors and beamed ceilings are in good shape, the galley kitchen and bathrooms feature dated cabinetry, tile work, and older appliances that require modernization. The property is functional and livable but shows clear signs of age and lacks contemporary updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18007, living area = 2776.
Situated on a sprawling 17,859 sq ft flat lot south of Ventura Boulevard, this property offers rare privacy and space in a highly sought-after cul-de-sac location.
The substantial attached unfinished space with cathedral ceilings and existing plumbing provides an exceptional opportunity for an ADU, studio, or guest suite conversion.
Being on the market for the first time in over 50 years, the home likely requires comprehensive updates to its systems and finishes to meet modern standards.
The traditional galley kitchen and original 1950s layout may feel restrictive to buyers seeking the open-concept living spaces typical of contemporary luxury homes.
Gracefully set back from the street with an expansive front lawn in a peaceful Tarzana pocket south of Ventura Boulevard, this charming single-story Ranch home offers a rare blend of tranquility, space, and opportunity. Set on a sprawling 17,859 sq ft flat lot on a street that ends in a cul-de-sac, the property feels like a peaceful retreat while remaining just moments from shops, dining, and everyday conveniences. First time on the market in over 50 years, this classic mid-century residence features 3 generously sized bedrooms and 2 bathrooms. The light-filled interior showcases original hardwood floors, wood cabinetry, and timeless architectural details throughout. A spacious living room with a double-sided fireplace opens to the backyard, creating an ideal flow for indoor-outdoor entertaining, while the adjacent den or TV room offers flexibility for a home office or additional living space. The galley kitchen includes a charming breakfast nook framed by natural light, perfect for casual meals, along with a separate laundry room for added convenience. Outdoors, the massive yard is dotted with mature trees, including lemon and orange, and offers endless possibilities for expansion, recreation, or customization. Adding to the property’s appeal is a substantial attached unfinished space with soaring cathedral ceilings and existing plumbing for a potential bathroom. This versatile structure presents an exceptional opportunity for conversion into an ADU, guest suite, studio, or expanded living area, offering significant upside for both owner-users and investors. Whether you’re looking to renovate, expand, or create income-producing space, the flat lot and flexible layout offer endless potential, making this a rare opportunity in a highly sought-after neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 25% |
| Baths | 2.0 | 3.0 | 20% |
| Square foot | 2,776 | 2,873 | 45% |
| Lot Size | 18,007 | 17,233 | 55% |
| Price | $1.58M | $1.83M | 29% |
| Price per sq ft | $571 | $661 | 26% |
| Built year | 1955 | 1964 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 170 | 1% |
Apr 16, 2026
$1,585,000
Initial Listing