5620 Yolanda Avenue 111, Tarzana, California 91356, Tarzana, 91356 - 2 bed, 2 bath
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Tarzana, California 91356
This Value-Add Condominium represents a Strong Value Opportunity, listed at $350,000—positioned well below the $371,111 Fair Market Value by 5%. This strategic pricing offers $21,111 in Instant Equity for buyers. While the property holds a Functional Condition Rating, its original 1988 finishes and Mountain Views provide a prime canvas for cosmetic modernization to drive forced appreciation. Located near Gaspar De Portola Middle School and major freeways, this residence is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable Tarzana asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5620 Yolanda Avenue 111 Subject | $350,000* List Price | 2 | 2 | 965 | $385 | - |
A 18601 Collins Street D17 Sold | $367,000 | 2 | 2 | 979 | $375 | 0.2 mi |
B 18555 Collins Street C18 Sold | $392,500 | 2 | 2 | 955 | $411 | 0.2 mi |
C 18307 Burbank Boulevard 14 Sold | $446,000 | 2 | 2 | 1,040 | $429 | 0.5 mi |
D 18645 Hatteras Street 150 Sold | $410,000 | 2 | 2 | 982 | $418 | 0.4 mi |
E 18547 Collins Street B3 Sold | $325,000 | 2 | 2 | 979 | $332 | 0.2 mi |
F 18350 Hatteras Street 277 Sold | $410,000 | 3 | 2 | 1,050 | $390 | 0.5 mi |
G 18316 Hatteras Active | $425,000 List Price | 2 | 2 | 929 | $457 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property appears to be in mostly original condition with few modern updates. The kitchen features dated white appliances, a fluorescent light box, and basic cabinetry, while the living areas and bedrooms contain older carpeting. While the home is functional and move-in ready, it shows significant signs of age and would require cosmetic modernization to meet current market trends.
At a list price of $350,000 for a 2-bedroom, 2-bathroom unit, this property represents a highly competitive entry point into the Tarzana market, making it an ideal opportunity for first-time buyers or investors.
Situated in the heart of Tarzana, the residence offers excellent walkability and proximity to local boutiques, diverse dining options, and major freeways, ensuring a lifestyle of convenience.
The unit boasts a bright and airy interior layout complemented by neighborhood and mountain views, providing a serene atmosphere that is often hard to find in high-density condominium living.
The monthly HOA fee of $455 is a significant recurring expense that may impact the overall affordability and borrowing power for budget-conscious buyers.
The assigned public schools, including Tarzana Elementary and Reseda Senior High, carry lower performance ratings, which may be a deterrent for families prioritizing top-tier educational districts.
Welcome to this charming residence nestled in the heart of Tarzana. This inviting home offers a perfect blend of comfort, functionality, and Southern California living. Step inside to discover a bright and airy interior filled with natural light, complemented by a thoughtful layout that maximizes both space and flow. The living areas are warm and welcoming, ideal for relaxing or entertaining guests. The kitchen provides ample cabinetry and workspace, making everyday living both convenient and enjoyable. Outside, the property shines with its beautifully landscaped surroundings and inviting outdoor spaces. Whether you're enjoying a quiet morning coffee or hosting friends in the evening, the serene setting creates a true sense of home. Located in a desirable community, this residence offers easy access to local shops, dining, parks, and major freeways—bringing both convenience and lifestyle together. Perfect for first-time buyers, downsizers, or investors, this is an opportunity you won’t want to miss!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 965 | 1,030 | 35% |
| Lot Size | 23,101 | 197,485 | 11% |
| Price | $350.0K | $435.0K | 24% |
| Price per sq ft | $363 | $411 | 22% |
| Built year | 1988 | 1973 | 92% |
| HOA | $455.0 | $546 | 16% |
| Days on market | 20 | 173 | 3% |
Apr 2, 2026
$350,000
Initial Listing
May 4, 1999
$169,000
Public Record
Oct 29, 1996
$52,000
Public Record