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4950 Vanalden Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 4 bath

4950 Vanalden Avenue, Tarzana, California 91356 home-pic-0
ACTIVE$1,295,000
4950 Vanalden Avenue, Tarzana, California 91356
4Beds
4Baths
7,159Sqft
40,836Lot
Year Built
2025
Close
-
List price
$1.29M
Original List price
$1.5M
Price/Sqft
$181
HOA
-
Days on market
-
Sold On
-
MLS number
SR25181001
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon
ViewCity Lights,Canyon

About this home

We found 3 Cons,6 Pros. Rank: price - $1.29M(21th), sqft - 7159(99th), beds - 4(50th), baths - 4(51th).

$200,000 price reduction for this unique RTI Development Opportunity – South of the Boulevard with Breathtaking Views A rare chance to build a luxurious single-family estate with a guest house, located south of the boulevard in a private gated setting shared with only two other properties. One neighboring structure is currently under construction, adding value to the area. RTI plans are approved for a stunning 6,300 sq ft, three-story residence featuring a pool, along with a 650 sq ft guest house – perfect for extended family, a home office, or rental income. Enjoy unobstructed, spectacular views from this peaceful hillside location. A paved road leads directly to the property’s driveway for easy access. Don’t miss this prime opportunity to bring your vision to life in one of the most desirable pockets of the city.

Price History

Date
Event
Price
11/08/25
Price Change
$1,295,000-13.4%
08/11/25
Listing
$1,495,000
Condition Rating
Excellent
This listing is for a 'RTI Development Opportunity' with approved plans for a brand new, luxurious 6,300 sq ft residence and a 650 sq ft guest house, with a 'year_built' listed as 2025. The images include a rendering of a modern, high-quality home and a vacant lot. As the property is being sold as an opportunity to build a new, custom luxury estate, its future condition upon completion will be excellent, meeting the highest standards for new construction with all new components, kitchens, and bathrooms.
Pros & Cons

Pros

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 = 40836, living area = 7159.
RTI Approved Development Opportunity: Ready-To-Issue (RTI) plans are approved for a substantial 6,300 sq ft main residence with a pool and a 650 sq ft guest house, significantly streamlining the development process and reducing initial hurdles.
Prime & Exclusive Location: Situated 'South of the Boulevard' in Tarzana within a private gated setting shared with only two other properties, offering exclusivity and a highly desirable address.
Breathtaking Unobstructed Views: The hillside location provides spectacular, unobstructed views of city lights and canyons, a premium feature that enhances the property's future value and appeal.
Custom Luxury Estate Potential: Offers a rare chance to build a bespoke, luxurious single-family estate with a guest house, allowing for complete customization to the buyer's preferences and maximizing future value.
Recent Price Reduction: A significant $200,000 price reduction from the original list price makes this development opportunity more attractive and potentially offers better value for investment.

Cons

Substantial Construction Investment Required: The listed price is for the land and approved plans; the buyer must undertake and finance the entire construction of the 7,150 sq ft luxury estate, representing a significant additional capital outlay.
Extended Timeline to Occupancy: Unlike purchasing an existing home, the buyer will face a considerable waiting period for construction completion (typically 1-2+ years) before the property can be occupied or generate income.
Niche Buyer Market: As a development opportunity rather than a move-in ready home, this property appeals to a specific niche of buyers (developers or custom home builders), potentially limiting the pool of interested parties.

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