5515 Shirley Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 4 bath
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Tarzana, California 91356
This property presents a High-Potential Investment Opportunity with a List Price of $1,779,000—positioned well below the $1,757,665 Fair Market Value by -1.2%. While the home carries a Condition Rating of 5, the expansive 18,049 sq. ft. lot and prime "South of Blvd" location provide a blank canvas for a luxury rebuild. Featuring a pool, spa, and tranquil tree views, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to maximize value through a comprehensive renovation in a high-demand Tarzana neighborhood.
South of Blvd Tarzana home on 18,000+ sq ft lot. Prime renovation or tear-down opportunity with pool and spa. Ideal for investors seeking high-end development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5515 Shirley Avenue Subject | $1,779,000* List Price | 4 | 4 | 3,428 | $513 | - |
A 5430 Corbin Avenue Sold | $1,755,000 | 3 | 2 | 2,776 | $632 | 0.3 mi |
B 5706 Corbin Avenue Sold | $1,955,000 | 5 | 4 | 3,441 | $568 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1947, the property shows signs of a renovation that is likely 30+ years old. The interior features dated carpeting and dark wood trim, while the exterior shows significant cracking in the driveway and pool decking. The listing description explicitly suggests the property is a candidate for a total remodel or a complete tear-down, placing it in the poor category requiring major rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18049, living area = 3428.
Situated in a highly coveted Tarzana neighborhood south of Ventura Boulevard, the property offers prestige and convenient walking access to premium shopping, dining, and local amenities.
The sprawling 18,000+ square foot lot provides exceptional privacy and includes a pool, spa, and an untapped upper portion with significant potential for custom landscaping or expansion.
Built in 1947 and marketed as a rebuild opportunity, the home likely requires substantial investment in cosmetic and structural updates to meet contemporary luxury standards.
While located in a desirable district, the immediate assigned public elementary schools have lower ratings (3/10), which may be a drawback for families prioritizing top-tier public education.
Presenting an incredible “South of Blvd” opportunity to obtain this nearly 3,500 sq. ft. home situated on a sprawling gated lot of over 18,000 sq. ft. Reside in just as it is, remodel to align with your style or completely remove and craft a new dream for yourself or the many that would desire to acquire your masterpiece. Inside this warm traditional floorplan, ceilings spanning over 20 feet welcome you in. Kitchen with cozy breakfast nook adjoins a spacious formal dining room. Large family room features a corner fireplace and French doors to the rear. Open & bright living room offers ample windows and fireplace with a stunning surround. An ensuite and powder bath complete the lower level. Along the stairwell & upper landing, desirable wall space exists to exhibit your prized pieces. Spacious primary suite affords a private balcony overlooking the vast yard and surrounding tranquil lush foliage. Desirable Jack and Jill bedrooms enhance the appeal. Outside, expansive rear grounds deliver a refreshing pool, soothing spa, sizeable grassy area and an untapped upper portion ready and waiting for your magic touch. Great schools and only a short stroll to the Blvd. Come explore all the possibilities!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.5 |
| Baths | 4.0 | 4.0 |
| Square foot | 3,428 | 2,853.5 |
| Lot Size | 18,049 | 8,376 |
| Price | $1.78M | $1.81M |
| Price per sq ft | $519 | $668 |
| Built year | 1947 | 1962 |
| HOA | $0 | $0 |
| Days on market | 4 | 61 |
Jul 18, 2026
$1,779,000
Initial Listing