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5237 Melvin Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 3 bath

5237 Melvin Avenue, Tarzana, California 91356 home-pic-0
ACTIVE$1,775,000
5237 Melvin Avenue, Tarzana, California 91356
4Beds
3Baths
2,029Sqft
18,351Lot
Year Built
1959
Close
-
List price
$1.77M
Original List price
$1.68M
Price/Sqft
$875
HOA
-
Days on market
-
Sold On
-
MLS number
SR24229286
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Pool
Patio
ViewMountain(s), Neighborhood

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.77M(46th), sqft - 2029(25th), beds - 4(50th), baths - 3(50th).

Welcome to 5237 Melvin Ave, a luxurious 4-bedroom, 3-bathroom home nestled on a quiet cul-de-sac south of Ventura Blvd in Tarzana. Located in a highly sought-after neighborhood, this property is just moments from top-rated schools, parks, shopping, and dining options. Step inside to discover a brand-new kitchen with modern cabinets, quartz countertops, and stainless steel appliances, enhanced by warm engineered wood flooring and stylish recessed lighting throughout. The spacious primary suite offers a walk-in closet and updated ensuite with a glass-enclosed shower and dual vanities, while each additional bedroom is well-sized and bright. Outside, enjoy your private retreat with a sparkling pool (featuring new equipment), a cozy fire pit, and a large outdoor kitchen perfect for entertaining. The versatile garage can serve as a game room, office, entertainment space, or traditional parking and storage. With *paid solar panels* and upgraded landscaping, this property blends eco-friendly living with timeless elegance. Schedule your tour today and experience this exceptional Tarzana home firsthand!

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•1.0mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.3mi
6/10
Newcastle Elementary School
Public,•K-5•2.5mi
8/10
Lanai Road Elementary School
Public,•K-5•4.1mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.1mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.5mi
5/10
William Mulholland Middle School
Public,•6-8•3.6mi
3/10
William Mulholland Middle School
Public,•6-8•3.6mi
4/10
Reseda Senior High School
Public,•9-12•2.4mi
Condition Rating
Excellent
Despite being built in 1959, the property has undergone extensive and recent renovations. The listing explicitly states a 'brand-new kitchen with modern cabinets, quartz countertops, and stainless steel appliances,' 'warm engineered wood flooring and stylish recessed lighting throughout,' and an 'updated ensuite with a glass-enclosed shower and dual vanities.' Additionally, the pool features 'new equipment,' and there are 'paid solar panels' and 'upgraded landscaping.' These details indicate that the property has been extensively renovated within the last 5 years, bringing all major components up to current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
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 = 18351, living area = 2029.
Prime Location: Nestled on a quiet cul-de-sac south of Ventura Blvd in a highly sought-after Tarzana neighborhood, offering convenient access to top-rated schools, parks, shopping, and dining.
Extensive Modern Renovations: Features a brand-new kitchen with modern cabinets, quartz countertops, stainless steel appliances, warm engineered wood flooring, stylish recessed lighting, and an updated primary ensuite.
Luxurious Outdoor Living: The private backyard boasts a sparkling pool with new equipment, a cozy fire pit, and a large outdoor kitchen, ideal for entertaining and relaxation.
Eco-Friendly & Cost-Saving: Equipped with paid solar panels, providing an eco-friendly living solution and potential long-term energy cost savings.
Versatile Bonus Space: The garage offers flexible utility, easily convertible into a game room, office, entertainment area, or traditional parking and storage.

Cons

Significant Price Discrepancy: The current listing price of $1.775M is substantially higher than the automated property estimation of approximately $1.06M, which may indicate an aggressive pricing strategy or potential overvaluation.
Age of Original Structure: Built in 1959, despite recent renovations, the underlying older structure may present potential for unforeseen maintenance or system upgrades not explicitly mentioned (e.g., plumbing, electrical beyond cosmetic).
Unspecified Cooling System: The property description does not mention a central air conditioning system, which could be a notable omission and a potential discomfort during warmer months in Tarzana.

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