
Valley Glen, California 91401
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well below the $1,018,382 Fair Market Value by 2%. This valuation gap offers $23,382 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a total rehab, yet the 8,104 SF lot and development potential provide significant upside. This is a strategic acquisition for Fix-and-Flip Investors or Developers looking to capitalize on the high-growth Valley Glen market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5710 Cantaloupe Subject | $995,000* List Price | 3 | 2 | 1,079 | $944 | - |
A 14308 Califa Street Sold | $807,000 | 3 | 1 | 1,117 | $722 | 0.6 mi |
B 5934 Murietta Avenue Sold | $1,110,000 | 3 | 2 | 1,097 | $1,012 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1939 with a highly outdated kitchen and original features that have not been modernized in over 30 years. The listing explicitly markets the property as a redevelopment opportunity or 'tear down' for builders, indicating that the systems and interior are at the end of their functional life and require a total rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8104, living area = 1079.
The expansive 8,102 SF lot and detached garage provide a versatile canvas for an ADU conversion, SB9 lot split, or the construction of a brand-new luxury estate in a high-growth pocket.
Priced under $1M in an area surrounded by multi-million dollar new construction, this property offers a rare and accessible entry point for investors and developers seeking high ROI.
With only 1,079 SF of living area, the current structure is undersized for the lot, likely necessitating a significant expansion or total rebuild to achieve its highest and best use.
The age of the home suggests that original systems and finishes may require substantial modernization or replacement to compete with the modern luxury standards of the neighborhood.
Welcome to 5710 Cantaloupe Ave — a rare opportunity in the heart of highly sought-after Valley Glen offering endless potential on an expansive 8,102 SF lot. Featuring a 3-bedroom, 2-bathroom main residence with approximately 1,079 SF of living space, detached garage, and a wide open lot configuration, this property is the perfect canvas for investors, developers, builders, or end users looking to create something truly special in one of the Valley’s fastest-growing redevelopment pockets. Whether you envision remodeling and expanding the existing home, building a brand-new luxury estate, converting the detached garage into an ADU, designing an entertainer’s compound with pool and pickleball court, or exploring SB9 lot split possibilities for additional units, the flexibility and upside here are exceptional. Surrounded by multi-million-dollar new construction homes and strong resale demand, opportunities like this under the $1M range are becoming increasingly rare. The existing home offers charming original character including hardwood floors, a skylit living room, fireplace, detached garage, and generous front and rear yard space — making it equally attractive for someone looking to renovate, lease, hold, or develop over time. Centrally located near Sherman Oaks, Studio City, NoHo Arts District, major freeways, shopping, dining, parks, and many of the Valley’s newest luxury developments, this is the kind of property investors wait for. Tear it down, rebuild it bigger, modernize it, expand it, split it, hold it, or create a one-of-a-kind compound — the possibilities here are truly endless.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,079 | 1,838.5 | 3% |
| Lot Size | 8,104 | 6,779.5 | 83% |
| Price | $995.0K | $1.30M | 19% |
| Price per sq ft | $922 | $729 | 94% |
| Built year | 1939 | 1951 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 119 | 3% |
May 27, 2026
$995,000
Initial Listing