5433 Shirley Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 3 bath
ACTIVE UNDER CONTRACT$1,999,000
5433 Shirley Avenue, Tarzana, California 91356
4Beds
3Baths
2,823Sqft
27,024Lot
Year Built
1951
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$708
HOA
-
Days on market
-
Sold On
-
MLS number
SR25258908
Home ConditionTear down
Features
Pool
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 21% below the list price. We found 4 Cons,6 Pros. Rank: price - $2.00M(59th), sqft - 2823(44th), beds - 4(50th), baths - 3(50th).
Presenting a developers delight in this desirable “South of Blvd” Tarzana locale. Come discover this nearly three-quarter acre prime parcel to craft a brand new masterpiece or restore this single-story to its former glory. There's surrounding new/newer construction along this street to aid in supporting a solid future value. Sought-after schools too....Don't miss!
Nearby schools
3/10
Tarzana Elementary School
Public,•K-5•0.8mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•1.1mi
6/10
Newcastle Elementary School
Public,•K-5•2.3mi
8/10
Lanai Road Elementary School
Public,•K-5•4.1mi
6/10
Gaspar De Portola Middle School
Public,•6-8•1.0mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.6mi
5/10
William Mulholland Middle School
Public,•6-8•3.4mi
3/10
William Mulholland Middle School
Public,•6-8•3.4mi
4/10
Reseda Senior High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
11/12/25
Listing
$1,999,000
02/13/18
Sold
$1,250,000
10/14/15
Sold
$700,000
11/17/09
Sold
$525,000
09/15/06
Sold
$825,000
Condition Rating
Tear down
Built in 1951, this property is explicitly marketed as a 'developers delight' with the option to 'craft a brand new masterpiece' or 'restore this single-story to its former glory.' The listing's own analysis highlights 'Condition Requires Major Capital Outlay' and 'Older Infrastructure & Systems.' The images show a dated exterior and a derelict tennis court, with no interior photos, strongly suggesting the kitchen, bathrooms, and other interior components are severely outdated and require complete replacement. Given its age and the clear emphasis on the land's redevelopment potential, the existing structure is effectively a tear-down candidate for most buyers seeking modern living standards.
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 = 27024, living area = 2823.
Exceptional Lot Size & Development Potential: A nearly three-quarter acre prime parcel (27,024 sqft) offers significant space for a custom build or extensive expansion, appealing to developers and homeowners seeking large estates.
Highly Desirable 'South of Blvd' Location: Situated in a coveted Tarzana neighborhood known for its prestige, tranquility, and quality of life, enhancing long-term value.
Strong Neighborhood Growth & Value Support: The presence of new and newer construction on the street indicates a thriving area and supports strong future property value appreciation.
Access to Sought-After Schools: The property benefits from proximity to highly-rated schools, a key draw for families and a factor in sustained property demand.
Versatile Investment Opportunity: Offers flexibility for either a complete redevelopment into a modern masterpiece or a comprehensive restoration of the existing single-story home, catering to various investor profiles.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Condition Requires Major Capital Outlay: Built in 1951, the existing single-story home is presented as a 'developers delight' or needing 'restoration,' indicating it's not move-in ready and will require substantial capital investment for renovation or a complete rebuild.
Absence of Scenic Views: The property explicitly states 'View: None,' which can be a significant detractor in a luxury market where panoramic views often command a premium and are highly sought after.
Older Infrastructure & Systems: Given its 1951 build year, the property likely has original or significantly aged infrastructure (plumbing, electrical, HVAC, roof), which could lead to unforeseen repair costs or necessitate immediate upgrades.