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5454 Aura Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 6 bath

5454 Aura Avenue, Tarzana, California 91356 home-pic-0
ACTIVE$1,395,000
5454 Aura Avenue, Tarzana, California 91356
4Beds
6Baths
1,896Sqft
6,857Lot
Year Built
1939
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$736
HOA
-
Days on market
-
Sold On
-
MLS number
25530697
Home ConditionTear down
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(23th), sqft - 1896(22th), beds - 4(50th), baths - 6(85th).

Attention Investors/Developers! Two adjacent corner parcels south of the Boulevard in prime Tarzana sold together for a combined total of approx. lot size 13,712. Both properties priced together are $2,390,000. 5460 Aura Ave is the vacant lot priced at $995,000. 5454 Aura Ave is the lot w/home priced at $1,395,000. Home is a 4-bedroom and 3-bath ideal for teardown or major renovation. Exceptional location near upscale shopping, fine dining, and all that Tarzana has to offer. Perfect for development, investment, or end users looking to build in one of the area's most sought-after neighborhoods.

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•0.6mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•0.9mi
6/10
Newcastle Elementary School
Public,•K-5•2.1mi
8/10
Lanai Road Elementary School
Public,•K-5•3.9mi
6/10
Gaspar De Portola Middle School
Public,•6-8•0.8mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.8mi
5/10
William Mulholland Middle School
Public,•6-8•3.2mi
3/10
William Mulholland Middle School
Public,•6-8•3.2mi
4/10
Reseda Senior High School
Public,•9-12•1.9mi
Condition Rating
Tear down
The property was built in 1939, making it over 50 years old. The listing description explicitly states it is 'ideal for teardown or major renovation' and the property analysis notes 'Extensive Renovation/Teardown Required' and 'No Immediate Livability.' The provided images show an unmaintained exterior with cracked concrete and an older structure, reinforcing the need for complete redevelopment. There are no interior images, but the strong language in the description indicates the structure is beyond repair for typical occupancy, and its value is based on the land.
Pros & Cons

Pros

Prime South-of-the-Boulevard Location: Situated in a highly desirable 'south of the Boulevard' area in Tarzana, offering exceptional access to upscale shopping, fine dining, and local amenities.
Significant Development Potential: Explicitly marketed towards investors and developers, the property is ideal for a teardown or major renovation to maximize value in a sought-after neighborhood.
Expansive Combined Lot: Offered with an adjacent parcel, providing a substantial combined lot size of approximately 13,712 sqft, suitable for a large custom build or potential multi-unit development (subject to zoning).
Desirable Corner Parcels: The property consists of two adjacent corner parcels, offering enhanced design flexibility, improved access, and potentially greater curb appeal for future development.
Strong Investment Opportunity: Positioned in a 'prime Tarzana' and 'most sought-after neighborhoods,' indicating robust market demand and potential for significant return on investment.

Cons

Extensive Renovation/Teardown Required: The existing 1939 home is explicitly stated as 'ideal for teardown or major renovation,' implying substantial additional costs and effort for the buyer.
High Entry Price for Land Value: The listing price of $1,395,000 for the home parcel, given its 'teardown' condition, primarily reflects land value, which may limit the pool of traditional home buyers.
No Immediate Livability: The current condition of the home necessitates significant work, making it unsuitable for immediate occupancy without major investment, which could be a barrier for end-users.

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