18307 Burbank Boulevard 336, Tarzana, California 91356, Tarzana, 91356 - bed, 1 bath
ACTIVE$299,000
18307 Burbank Boulevard 336, Tarzana, California 91356
0Bed
1Bath
429Sqft
235,933Lot
Year Built
1970
Close
-
List price
$299K
Original List price
$320K
Price/Sqft
$697
HOA
$407
Days on market
-
Sold On
-
MLS number
25570287
Home ConditionFair
Features
Pool
Spa
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $299.0K(6th), sqft - 429(3th), beds - undefined(3th), baths - 1(20th).
Welcome to Villa Lorena a gated complex in the heart of Tarzana. This studio unit is move in ready. Enjoy the resort style amenities including lush landscaped paths, a sparkling pool, multiple jacuzzis, assigned gated parking and a community recreation room. HOA fees cover earthquake insurance, grounds, security. Close to local shopping and fine dining.
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
11/03/25
Price Change
$299,000-3.5%
10/20/25
Price Change
$310,000-3.1%
07/22/25
$320,000
Condition Rating
Fair
Built in 1970, this property is over 50 years old. While described as 'move-in ready' and appearing clean, the bathroom features dated elements such as the vanity, countertop, and sliding frosted shower doors, indicating it has not been recently renovated. The main living area has updated recessed lighting, but the carpet appears older. The overall condition is functional but shows clear signs of being outdated, requiring minor updates to modernize.
Pros & Cons
Pros
Resort-Style Amenities: The complex offers an array of desirable amenities including lush landscaped paths, a sparkling pool, multiple jacuzzis, and a community recreation room, enhancing the resident's lifestyle.
Prime Tarzana Location: Situated in the heart of Tarzana, the property boasts excellent proximity to local shopping and fine dining, offering convenience and a vibrant urban living experience.
Comprehensive HOA Inclusions & Security: The HOA fees cover significant benefits such as earthquake insurance, grounds maintenance, security for the gated complex, and assigned gated parking, providing peace of mind and value.
Move-in Ready Condition: The studio unit is described as 'move-in ready,' suggesting minimal immediate expenses or effort required from the buyer to settle in.
Recent Price Adjustment: The property has seen a recent price reduction from $320,000 to $299,000, indicating potential value for buyers and a motivated seller.
Cons
Compact Studio Layout: With only 429 sqft, the studio unit offers limited living space, which may not appeal to all buyers, particularly those seeking more room or separate living areas.
High Monthly HOA Dues: At $407 per month, the HOA fees are substantial for a studio unit, potentially impacting affordability and long-term ownership costs, despite the included amenities and earthquake insurance.
Building Age: Constructed in 1970, the building is over 50 years old. While amenities are highlighted, older structures can sometimes incur higher maintenance costs or require significant capital improvements in the future, which could lead to special assessments.