5717 Melvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 10 bed, 6 bath
5717 Melvin Avenue
Tarzana, California 91356
Property Price
SUMMARY
Analysis of 5717 Melvin Avenue, Tarzana, California 91356 is currently available with a list price of $4,985,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been updated with high-end finishes including oak flooring, marble, and granite countertops. While built in 2002 (22 years ago), the description highlights recent renovations and newer appliances, indicating the home is well-maintained with functional major systems and minimal physical depreciation, fitting the criteria for a high-quality, move-in ready estate.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Expansive Flat Acreage and Versatility
The rare one-acre flat lot features two residences including a main house and an ADU, complemented by an unprecedented 26 parking spaces and room for a tennis or basketball court.
- Grand Architectural Scale
With over 8,400 square feet of living space and soaring 22-foot ceilings, the estate offers a sense of volume and luxury enhanced by high-end finishes like oak flooring, marble, and granite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Disproportionate Bed-to-Bath Ratio
The home features 10 bedrooms but only 6 bathrooms, which is a relatively low ratio for a luxury estate of this size and may present a challenge for large families or high-end guests.
- Underwhelming Local School Ratings
The assigned public schools, specifically the elementary and high schools, have lower ratings (3 and 4 respectively), which may be a drawback for buyers prioritizing top-tier public education.
About 5717 Melvin Avenue
DREAM ESTATE !!!GORGEOUS prestigious!! has been beautifully renovated w/exquisite taste & quality. Truly one of the most beautiful 10 Bedroom AND 6 BATHS POOL SPA VIEW and ADU over one Acres flat lot & 6200 sq ft high ceilings over 22 feet with 4 car garage & 26 PARKING SPACE , plus gated ESTATE Grand entry leads to spacious & gracious entertaining areas w/ oak flooring & marble A magnificent kitchen with granite counters, & newer appliances, ONE ACRES FLAT LOT GATED TWO HOUSES ON THE PROPE\RTY AND MORE!!! family room & French doors to patio, outdoor kitchen/ w/infinity pool, spa area & pool house lots of fruit trees.. All BD's are en suite & custom closets throughout. This home is just minutes to golf, hiking trails, with nearby supermarkets, hospitals, freeways and commuter routes, and all this truly amazing area offers. This amazing home is a move-in ready showplace awaiting its next luck occupant. Cul-de-sac like location, minutes from fine restaurants, schools, & freeway access. The property is fully gated and fenced for privacy and security. Park-like settings room for full tennis or basketball court & your favorite animals and toys.or private school!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 43,750 Sq. Ft.
Interior
- Total Bedrooms
- 10
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Tarzana Unified Schools
Tarzana Elementary School
Grades K-5 • 0.8 mi
Vanalden Avenue Elementary School
Grades K-5 • 0.9 mi
Newcastle Elementary School
Grades K-5 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 10.0 | 4.0 | 99% |
| Baths | 6.0 | 4.0 | 86% |
| Square foot | 8,400 | 2,902 | 99% |
| Lot Size | 43,750 | 17,150 | 96% |
| Price | $4.99M | $1.80M | 92% |
| Price per sq ft | $593 | $661 | 29% |
| Built year | 2002 | 1964 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 162 | 1% |
Pricing History
Listed for Sale
Feb 24, 2026
$4,985,000
$4,800,000
+4% Price Increase
Initial Listing
Price Change
Feb 20, 2026
$4,800,000
$4,985,000
-4% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$4,985,000
Initial Listing
Sold
May 20, 2002
$475,000
Public Record