18307 Burbank, Tarzana, California 91356, Tarzana, 91356 - 1 bed, 1 bath

18307 Burbank, Tarzana, California 91356 home-pic-0
ACTIVE$385,000
18307 Burbank, Tarzana, California 91356
1Bed
1Bath
724Sqft
235,933Lot
Year Built
1970
Close
-
List price
$385K
Original List price
$385K
Price/Sqft
$532
HOA
$450
Days on market
-
Sold On
-
MLS number
SR25256075
Home ConditionGood
Features
Pool
Spa
ViewNeighborhood

About this home

We found 4 Cons,5 Pros. Rank: price - $385.0K(14th), sqft - 724(14th), beds - 1(14th), baths - 1(20th).

This beautiful condominium is located in one of Tarzana’s most sought-after gated communities, Villa Lorena, and as soon as you step inside you’ll immediately recognize the owner’s true “Pride-Of-Ownership.” Here are just a few of its many other outstanding features: You’ll step into a flowing 724 square foot open concept floor plan that is in “Pristine Condition” with recessed lighting and complementary laminate flooring. The spacious living room is bathed in natural light from the sliding glass door to the private balcony, and it also has a beautiful electric Heater/fireplace. The family’s chef will appreciate the gourmet kitchen’s abundant cabinets with counter lighting, ample counters, deep basin sink with custom faucet, electric range with ventilation hood, built-in stainless steel appliances, and the convenience of the large adjoining dining area with its efficient lighted ceiling fan. Large suite with a roomy wall-to-wall mirrored closet and private balcony retreat. 1 beautifully appointed bathroom. Dual pane energy-efficient windows ensure peace and quiet while keeping utility bills low. Central air & heat for year-round comfort. 2 assigned covered parking spaces. You’re going to experience “Resort-Style-Living” enjoying the community’s lush greenbelts, sparkling pool, soothing spas, and reservable clubhouse. Great location close to Ventura Blvd, grocery stores, world-class shopping, restaurants, close to the 101 & 405 freeways, and minutes away from Balboa Park with its boating lake, golf course, off-leash dog park, and comprehensive sport amenities and activities.

Nearby schools

6/10
Gaspar De Portola Middle School
Public,6-80.7mi
4/10
Reseda Senior High School
Public,9-121.2mi

Price History

Date
Event
Price
11/07/25
Listing
$385,000
05/03/01
Sold
$88,000
Condition Rating
Good

The property, built in 1970, has undergone extensive and recent renovations, bringing its interior condition to a 'Pristine' state as described. The kitchen features modern black cabinets, stainless steel appliances, under-cabinet lighting, and a contemporary sink/faucet. The living areas boast recessed lighting and updated laminate flooring throughout. Dual-pane windows and central air/heat indicate significant system upgrades. While the building itself is older, the unit's interior has been thoroughly updated, making it move-in ready with no immediate renovations required, aligning with the 'Good' score criteria for properties extensively renovated within the last 5 to 15 years.
Pros & Cons

Pros

Pristine Condition & Modern Updates: The condominium is in 'Pristine Condition' featuring extensive modern updates including recessed lighting, laminate flooring, a gourmet kitchen with stainless steel appliances, dual-pane windows, and central air/heat, offering a move-in ready experience.
Resort-Style Community Amenities: Residents enjoy 'Resort-Style-Living' with access to well-maintained greenbelts, a sparkling pool, soothing spas, and a reservable clubhouse, significantly enhancing the lifestyle appeal.
Prime Location & Accessibility: Strategically located near Ventura Blvd, major freeways (101 & 405), world-class shopping, dining, and Balboa Park, providing exceptional convenience and access to urban amenities and recreation.
Gated Community Security: Situated within the 'Villa Lorena' gated community, offering enhanced security, privacy, and a desirable sense of exclusivity.
Efficient Open Concept Layout: The 724 square foot open concept floor plan maximizes natural light and space, creating a comfortable and contemporary living environment, further complemented by a private balcony.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =235933, other record lot size in square feet = 235548. Living area discrepancy between mls listing and other public or private record. mls listing living area = 724, other record living area = 679.
Compact Living Space: With only 724 square feet, one bedroom, and one bathroom, the property offers limited living space, which may restrict its appeal to a broader range of buyers requiring more room or additional bedrooms.
Substantial Monthly Association Fees: The $450 monthly association fee is relatively high for a one-bedroom unit, potentially impacting the overall affordability and long-term financial commitment for prospective buyers.
Aging Building Infrastructure: Built in 1970, the building is over five decades old. While the unit is updated, the age of the overall structure could present future maintenance challenges or necessitate special assessments for community-wide repairs.

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