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5454 Aura Avenue, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 3 bath

5454 Aura Avenue, Tarzana, California 91356 home-pic-0
ACTIVE UNDER CONTRACT$1,249,000
5454 Aura Avenue, Tarzana, California 91356
4Beds
3Baths
1,896Sqft
6,857Lot
Year Built
1939
Close
-
List price
$1.25M
Original List price
$1.2M
Price/Sqft
$659
HOA
-
Days on market
-
Sold On
-
MLS number
25558407
Home ConditionTear down
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.25M(20th), sqft - 1896(22th), beds - 4(50th), baths - 3(50th).

Attention Investors/Developers! Rare opportunity to purchase two adjacent corner lots south of the Boulevard in prime Tarzana. Two Separate APN#'s. Combined lot size approx. 13,712 sq. ft. for the home at 5454 Aura Ave features a 4 bed/3 bath, ideal for tear down or major renovation. 5460 Aura Ave is land, vacant lot. Exceptional location near upscale shopping, fine dining, and all that Tarzana has to offer. Perfect for development, investment, or end users looking to build new construction in one of the most desirable neighborhoods in the Valley. Both properties: 5454 & 5460 Aura Ave can be sold separately but will have to close simultaneously and will be contingent upon them both closing at the same time per owner's request.

Nearby schools

3/10
Tarzana Elementary School
Public,•K-5•0.6mi
3/10
Vanalden Avenue Elementary School
Public,•K-5•0.9mi
6/10
Newcastle Elementary School
Public,•K-5•2.1mi
8/10
Lanai Road Elementary School
Public,•K-5•3.9mi
6/10
Gaspar De Portola Middle School
Public,•6-8•0.8mi
5/10
Woodland Hills Charter Academy
Public,•6-8•1.8mi
5/10
William Mulholland Middle School
Public,•6-8•3.2mi
3/10
William Mulholland Middle School
Public,•6-8•3.2mi
4/10
Reseda Senior High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
11/04/25
Price Change
$1,249,000-3.9%
08/13/25
Price Change
$1,300,000
06/27/25
Listing
$1,199,999
Condition Rating
Tear down
The property was built in 1939, making it 85 years old. The listing description explicitly states it is 'ideal for tear down or major renovation,' and the property analysis reiterates this. The exterior images show significant age and neglect, with cracked concrete and dated structures. The absence of interior photos further suggests the property is not in a livable or presentable condition, aligning with the criteria for a tear-down where the value is primarily in the land.
Pros & Cons

Pros

Prime Location: Situated 'south of the Boulevard' in prime Tarzana, offering exceptional proximity to upscale shopping, fine dining, and desirable neighborhood amenities.
Significant Development Potential: A rare opportunity to acquire two adjacent corner lots, making it ideal for new construction or a substantial development project.
Generous Combined Lot Size: With approximately 13,712 sq. ft. across both parcels, there is ample space for a large custom home or multiple units, subject to zoning.
Versatile Investment Opportunity: Appeals to a broad range of buyers including developers, investors, and end-users seeking to build a custom residence in a sought-after area.
Separate APNs: The two separate Assessor's Parcel Numbers (APNs) provide flexibility for future subdivision, separate sale, or phased development.

Cons

Condition of Existing Structure: The 1939-built home at 5454 Aura Ave is explicitly noted as 'ideal for tear down or major renovation,' indicating significant upfront costs for demolition or extensive remodeling.
Contingent Simultaneous Sale: Both properties must close simultaneously and are contingent upon each other, which can complicate financing and narrow the pool of potential buyers.
Lack of Views: The property description indicates 'view: None,' which could be a missed opportunity for added value in a prime location where views are often sought after.

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