5456 Vanalden, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 3 bath
Loading property details...
Tarzana, California 91356
This Redevelopment Asset presents a Strong Value Opportunity with a List Price of $2,200,000—positioned well below the $2,341,408 Fair Market Value by 6%. This valuation gap offers $141,408 in Instant Equity for buyers targeting a high-yield project. Featuring a Massive 30,394 Sq Ft Lot and a Condition Rating of 6, the property is primed for a luxury rebuild in a pocket where new construction exceeds $5.5 million. With an existing Guest House and Pool, this is a premier acquisition for Developers or Custom Estate Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5456 Vanalden Subject | $2,200,000* List Price | 3 | 3 | 2,545 | $920 | - |
A 5205 Beckford Avenue Sold | $1,850,000 | 4 | 3 | 1,839 | $1,006 | 0.3 mi |
B 5433 Shirley Avenue Pending | $1,999,000 List Price | 4 | 3 | 2,823 | $708 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed for land value and redevelopment, with the listing description noting it is an opportunity for builders to create a custom estate. Built in 1953 with no evidence of significant updates, the exterior shows severe neglect, including a crumbling asphalt driveway and a completely dilapidated, non-functional swimming pool. The lack of interior photos and the emphasis on nearby properties being replaced with new construction further support a tear-down classification.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30394, living area = 2545.
The expansive 30,394 sq ft lot provides a rare and significant footprint for builders or end-users to develop a custom luxury estate in a high-demand, limited-inventory market.
Situated in a redevelopment hotspot where neighboring new constructions exceed $5.5 million, this property offers substantial profit potential for investors and developers.
The residence is in need of extensive repairs and is being sold primarily for land value, requiring a buyer with significant additional capital for renovation or demolition.
Built in 1953, the existing structures likely feature aged mechanical, electrical, and plumbing systems that may not meet modern luxury standards without a complete overhaul.
Located in a highly desirable pocket of Tarzana, this rare property offers an exceptional opportunity for investors, builders, or end-users looking to create a custom estate on a 30,394 sq ft lot. The existing improvements include a 2,545 sq ft main residence featuring 3 bedrooms and 3 bathrooms, along with a detached 1-bedroom, 1-bathroom guest house and a large private pool. The property is in need of repairs and is being sold primarily for land value. Surrounded by a neighborhood experiencing strong redevelopment, many nearby properties are being torn down and replaced with new luxury construction, with nearby homes selling for north of $5.5 million, supporting significant upside potential. The expansive, usable lot provides ample space for new development, expansion, or a complete reimagination of the property. Opportunities like this are becoming increasingly difficult to find—large, usable lots in Tarzana with redevelopment momentum are extremely limited. Conveniently located near Ventura Blvd, shopping, dining, and with easy access to major freeways, this property presents a unique chance to invest, build, or create a dream home in one of the Valley’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 25% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,545 | 2,873 | 39% |
| Lot Size | 30,394 | 17,233 | 93% |
| Price | $2.20M | $1.84M | 64% |
| Price per sq ft | $864 | $664 | 87% |
| Built year | 1953 | 1964 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 170 | 3% |
Apr 2, 2026
$2,200,000
Initial Listing
Dec 11, 1998
$495,000
Public Record