5700 Etiwanda Avenue 149, Tarzana, California 91356, Tarzana, 91356 - 3 bed, 2 bath
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Tarzana, California 91356
This High-Performing Investment Asset is listed at $469,000, representing a stable entry point near its $451,024 Fair Market Value. Featuring an established long-term tenant for immediate cash flow, the property carries a Condition Rating of 4, indicating significant value-add potential through cosmetic updates to the kitchen and bathrooms. The 3-bedroom layout includes a private balcony and access to resort-style amenities like a pool and spa. Located in the Los Angeles Unified district near Newcastle Elementary and Gaspar De Portola Middle, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5700 Etiwanda Avenue 149 Subject | $469,000* List Price | 3 | 2 | 1,096 | $398 | - |
A 18350 Hatteras 123 Sold | $361,000 | 3 | 2 | 1,060 | $341 | 0.2 mi |
B 18350 Hatteras Street 277 Sold | $410,000 | 3 | 2 | 1,050 | $390 | 0.2 mi |
C 18307 Burbank Boulevard 14 Sold | $446,000 | 2 | 2 | 1,040 | $429 | 0.2 mi |
D 18550 Hatteras 44 Sold | $570,000 | 2 | 3 | 1,203 | $474 | 0.5 mi |
E 5620 Yolanda Avenue 111 Sold | $340,000 | 2 | 2 | 965 | $352 | 0.6 mi |
F 18601 Collins Street D17 Sold | $367,000 | 2 | 2 | 979 | $375 | 0.5 mi |
G 5700 Etiwanda 264 Active | $449,000 List Price | 3 | 2 | 1,075 | $418 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this condo is aged but appears to be maintained. The kitchen features dated cabinets, older appliances (white range, older stainless fridge), and countertops that are not modern. The bathroom is significantly outdated with a dated vanity, hexagonal floor tiles, and a sliding glass shower door. Popcorn ceilings are visible, and the carpets appear worn. While functional, the property requires substantial cosmetic updates to the kitchen, bathrooms, and flooring to meet current aesthetic standards. It is not in a state of disrepair that would classify it as 'poor', but its major components and finishes are clearly outdated.
Explicitly highlighted as a 'high-performing asset' with an 'established long-term tenant providing immediate income' and 'priced under local comps,' making it a 'value-packed investment opportunity.'
Residents benefit from a sparkling pool, spa, landscaped gardens, pine-covered walkways, and on-site laundry facilities, enhancing lifestyle and appeal.
Features an open-concept living/dining area, a private balcony overlooking lush pathways, and a practical 3-bedroom, 2-bath configuration including an en-suite primary bedroom.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =281688, other record lot size in square feet = 281779.
The association fee of $568.80 is substantial and can significantly impact the overall cost of ownership and investment returns.
Constructed in 1973, the property is over 50 years old, which may imply older infrastructure, potential for deferred maintenance, or the need for future updates to systems and finishes.
Calling all investors! Here’s your chance to secure a high-performing asset in Tarzana’s California Village. This bright and inviting 3-bedroom, 2-bath condo features an open-concept living and dining area that opens to a relaxing private balcony overlooking lush, tree-lined pathways. Enjoy a layout with an en-suite primary bedroom and two additional bedrooms sharing a full bath. Residents love the resort-style setting-sparkling pool, spa, landscaped gardens, pine-covered walkways, and laundry facilities. Two assigned tandem carport spaces complete the offering. With an established long-term tenant providing immediate income, this unit is priced under local comps and stands out as a rare, value-packed investment opportunity. Priced below comparable units, it’s a smart, high-demand addition to any investment portfolio.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 68% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,096 | 1,035 | 57% |
| Lot Size | 281,688 | 218,461 | 93% |
| Price | $469.0K | $418.2K | 63% |
| Price per sq ft | $428 | $407 | 55% |
| Built year | 1973 | 1973 | 50% |
| HOA | $568.8 | $568 | 50% |
| Days on market | 178 | 145 | 65% |
Dec 10, 2025
$469,000
Initial Listing
May 15, 2015
$280,000
Public Record
Sep 30, 2010
$200,000
Public Record
Mar 2, 2007
$350,000
Public Record