5923 N Corbin Avenue, Tarzana, California 91356, Tarzana, 91356 - 5 bed, 5 bath
Loading property details...
5923 N Corbin Avenue
Tarzana, California 91356
ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
2,753Sq Ft
18,018Lot Size
Property Price
LIST PRICE$2,700,000
EST. MARKET VALUE
$2,492,038
8% AboveMARKET VALUE
SUMMARY
This Multi-Unit Residential Asset is a Strong Value Opportunity, listed at $2,700,000—positioned well above the $2,492,038 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, offering a turnkey experience with a modern kitchen and two fully permitted ADUs. The expansive 18,018 sqft lot includes a resort-style UV pool and spa, providing significant lifestyle appeal. With a lot-split process underway, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term development potential and flexible rental income.
Estimated Market Value
$2,492,038
Based on Realkey algorithm analyzing recent comparable sales in Tarzana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5923 N Corbin Avenue Subject | $2,700,000* List Price | 5 | 5 | 2,753 | $905 | - |
A 19629 Wells Dr Active | $2,195,000 List Price | 4 | 3 | 2,496 | $879 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1949, the property has undergone a comprehensive recent renovation (likely within the last 5 years). It features a modern kitchen with updated cabinetry and stone countertops, two newly permitted ADUs with contemporary finishes, solar panels, and updated flooring throughout, making it fully move-in ready with no maintenance required.
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 = 18018, living area = 2753.
- Multi-Unit Versatility
The property features two fully permitted ADUs in addition to the main house, offering exceptional flexibility for multi-generational living, home offices, or significant rental income potential.
- Development Potential
With a lot-split process already underway on nearly half an acre, this property provides a rare opportunity for future subdivision or land development to maximize investment value.
CONSRISKS & DEFICIENCIES
- Lack of Scenic Views
The property lacks the hillside or panoramic views often sought by buyers in this price bracket within the Tarzana and Woodland Hills area.
- High Price-to-Size Ratio
At a $2.7M list price for a 1,795 sqft main residence built in 1949, the valuation relies heavily on the ADUs and lot potential, which may challenge traditional appraisals.
About 5923 N Corbin Avenue
Welcome to this spacious and friendly Melody Acres property! Sitting on nearly half an acre of land! With a main house and two fully permitted extra guest homes (ADUs), this unique setup gives you endless possibilities whether you want a big family home, a private workspace, or extra rental income. * Main Home (1,795 sq ft): 3 Bedrooms | 3 Bathrooms. Bright, sunny living spaces and a modern kitchen with updated cabinets, great countertops, and newer appliances. Backyard & Outdoor Space: A resort-style yard with a sparkling UV pool, spa, and plenty of green lawn space perfect for outdoor gatherings and relaxing. **Guest Home 1 (590 sq ft): 1 Bedroom | 1 Bathroom. A cozy, independent space with its own kitchenette and easy access to the patio area. Great for visitors or extra rental income.***Guest Home 2 (400 sq ft): 1 Bedroom | 1 Bathroom. Features its own private entrance and layout, making it ideal for a quiet home office, creative studio, or tenant. $$$ Future Potential: A lot-split process is already underway, giving you the flexible option to divide the land in the future if you choose. All units will be delivered completely move-in ready and vacant at close of escrow. Please do not disturb occupants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 18,018 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.1 |
| Baths | 5.0 | 3.3 |
| Square foot | 2,753 | 2,473.289 |
| Lot Size | 18,018 | 14,080.733 |
| Price | $2.70M | $1.74M |
| Price per sq ft | $981 | $643 |
| Built year | 1949 | 1961 |
| HOA | $0 | $600 |
| Days on market | 15 | 70 |
Pricing History
Listed for Sale
Aug 25, 2026
$2,700,000
Initial Listing
Sold
Feb 21, 2025
$1,670,000
Public Record
Sold
Mar 11, 2024
$1,525,000
Public Record
Sold
Oct 16, 2008
$635,000
Public Record