5717 Melvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 10 bed, 6 bath
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Tarzana, California 91356
Analysis of 5717 Melvin Avenue, Tarzana, California 91356 is currently available with a list price of $2,999,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Tarzana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 2002 (22 years old), the property falls into the 'Good' category due to being well-maintained and featuring renovations. The listing highlights newer appliances, oak and marble flooring, and a move-in ready status. While the architectural style and granite finishes reflect its age, the overall condition is functional and high-quality without immediate needs for major repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43750, living area = 8400.
The rare one-acre flat lot provides exceptional privacy and significant development potential for an additional ADU, tennis court, or private school facilities.
With 10 bedrooms, a guest house, and parking for 26 vehicles, this estate is uniquely equipped for large-scale entertaining or multi-generational living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43750, other record lot size in square feet = 43558. Living area discrepancy between mls listing and other public or private record. mls listing living area = 8400, other record living area = 4768. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 10, other record bedroom count = 6.
A substantial price reduction from the original $4.985M listing suggests previous overvaluation or challenges in the property's market positioning.
The assigned elementary schools carry lower ratings (3/10), which may impact the property's appeal to families prioritizing top-tier public education.
DREAM ESTATE !!!GORGEOUS prestigious!! has been beautifully renovated w/exquisite taste & quality. 2 Address !!! 5717-57171/5 !!!!Truly one of the most beautiful main house 7 bedroom and office & 5 BATHS and Grandfather Guest house 2 bed and one bath and laundry room & land over one Acres flat lot & 6200 sq ft high ceilings over 22 feet with 2 car garage & 26 parking spaces , around the property has all retaining wall over 8 feet plus the Grand entry With waterfall leads spacious & gracious entertaining areas. New paintings New flooring & marble & hardwood floors , 4 fireplaces! A magnificent kitchen with granite counters, & maple custom Cabinets walk-in pantry and butler & newer appliances,!!!! Over ONE ACRES FLAT LOT GATED TWO HOUSES ON THE property AND MORE!!! Oversize family room & French doors open to large backyard all paved ! Outdoor Sport rooms / w/infinity pool, spa area & pool house 18 kinds of fruit trees.. organic.!! Upstairs have a four oversize room and sitting area and largest balconies!!This home is just minutes to all this truly amazing area offers. This amazing home is a move-in ready showplace awaiting its next lucky occupant. Great location, minutes from fine restaurants, schools, & freeway access. The property is fully secured for privacy and security. Park-like settings room for another house and ADU or full tennis or basketball court & your favorite animals and toys & More more.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 10.0 | 4.0 | 99% |
| Baths | 6.0 | 4.0 | 84% |
| Square foot | 8,400 | 2,844 | 99% |
| Lot Size | 43,750 | 17,536 | 93% |
| Price | $3.00M | $1.90M | 84% |
| Price per sq ft | $357 | $661 | 1% |
| Built year | 2002 | 1964 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 158 | 29% |
Jun 12, 2026
$2,999,000
$3,149,000
-5% Price Drop
Initial Listing
Jun 2, 2026
$3,149,000
$3,226,000
-2% Price Drop
Initial Listing
May 23, 2026
$3,226,000
$3,449,000
-6% Price Drop
Initial Listing
May 2, 2026
$3,449,000
$3,750,000
-8% Price Drop
Initial Listing
Apr 1, 2026
$3,750,000
$4,985,000
-25% Price Drop
Initial Listing
Feb 24, 2026
$4,985,000
$4,800,000
+4% Price Increase
Initial Listing
Feb 20, 2026
$4,800,000
$4,985,000
-4% Price Drop
Initial Listing
Feb 5, 2026
$4,985,000
Initial Listing
May 20, 2002
$475,000
Public Record