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18307 Burbank Boulevard 14, Tarzana, California 91356, Tarzana, 91356 - 2 bed, 2 bath

18307 Burbank Boulevard 14, Tarzana, California 91356 home-pic-0
ACTIVE UNDER CONTRACT$489,000
18307 Burbank Boulevard 14, Tarzana, California 91356
2Beds
2Baths
1,040Sqft
235,933Lot
Year Built
1970
Close
-
List price
$489K
Original List price
$525K
Price/Sqft
$470
HOA
$546
Days on market
-
Sold On
-
MLS number
SR25005517
Home ConditionFair
Features
Deck
Pool
Spa
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $489.0K(50th), sqft - 1040(43th), beds - 2(50th), baths - 2(50th).

Welcome to Villa Lorena in Tarzana. This updated and move-in ready upper-level condo has 2 bedrooms and 2 bathrooms with 1040 square feet. The condo features a kitchen with stainless steel appliances and new wood laminate flooring, a dining room, spacious family room, smooth ceilings with recessed lighting, a primary suite with an ensuite bathroom featuring an updated vanity and a wall of mirrored closet doors, a secondary bedroom with both mirrored closet doors and a walk-in closet, and a private balcony off the family room. The community of Villa Lorena has lush grounds, walking paths, a beautiful pool area, two spas, and laundry facilities. Also included are two assigned side by side parking spaces. Located close to the 101 freeway, Ventura Blvd, restaurants, and shopping.

Nearby schools

6/10
Gaspar De Portola Middle School
Public,•6-8•0.7mi
4/10
Reseda Senior High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
08/08/25
Price Change
$489,000
01/09/25
Listing
$525,000
Condition Rating
Fair
Built in 1970, this condo is aged but has received some cosmetic updates, making it move-in ready. The kitchen features newer wood laminate flooring and stainless steel appliances (though the dishwasher and range appear black/not stainless in images), but the cabinets and countertops are clearly dated. The living areas have smooth ceilings with recessed lighting, which is a positive update. However, the main bathroom's tub/shower and floor tiling are original or very old, despite an updated vanity. The property is functional and maintained, but key areas like the kitchen and bathroom show significant signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Updated & Move-in Ready: The condo boasts recent updates including stainless steel appliances, new wood laminate flooring, smooth ceilings with recessed lighting, and an updated primary bathroom vanity, making it immediately move-in ready.
Comprehensive Community Amenities: Villa Lorena offers attractive community features such as lush grounds, walking paths, a beautiful pool area, two spas, and convenient laundry facilities, enhancing the resident lifestyle.
Prime Location & Accessibility: Strategically located close to the 101 freeway, Ventura Blvd, and a variety of restaurants and shopping, providing excellent convenience and connectivity.
Dedicated Parking: The inclusion of two assigned side-by-side parking spaces is a significant advantage, offering convenience and value in a condominium setting.
Functional Layout & Private Balcony: The unit features a spacious family room, a private balcony, and practical storage solutions like mirrored closet doors and a walk-in closet in the secondary bedroom, optimizing living space.

Cons

High Association Fee: The monthly association fee of $546 is substantial and could be a deterrent for some buyers, impacting overall affordability.
Building Age: Constructed in 1970, the building is over 50 years old, which may lead to concerns about potential future maintenance, infrastructure, or special assessments for common areas.
Lack of Specific View: The property description indicates 'View: None,' meaning there is no notable scenic outlook, which might be a drawback for buyers prioritizing views from an upper-level unit.

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