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6257 Lindley Avenue, Tarzana, California 91335, Tarzana, 91335 - 3 bed, 3 bath

6257 Lindley Avenue, Tarzana, California 91335 home-pic-0
ACTIVE$1,100,000
6257 Lindley Avenue, Tarzana, California 91335
3Beds
3Baths
2,220Sqft
6,465Lot
Year Built
1978
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
SB25027566
Home ConditionPoor
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.10M(79th), sqft - 2220(81th), beds - 3(50th), baths - 3(69th).

Great potential in a prime location! This nearly completely gutted property is a true diamond in the rough, offering an incredible opportunity to transform it into your dream home, with untold potential. It’s perfect for investors or buyers looking to customize every detail to their taste. Conveniently located near shopping centers, restaurants, grocery stores, and access to the 101 and 405 freeways, this property keeps you connected. It is also minutes from California State University Northridge (CSUN), Pierce College, Van Nuys Airport, Lake Balboa/Anthony C. Beilenson Park, Sepulveda Basin Recreation Area & Wildlife Reserve, and a host of other attractions. With its prime location and endless possibilities, this is an incredible opportunity to create something truly special. Don't miss out!

Condition Rating
Poor
The property is explicitly described as 'nearly completely gutted' and the provided images confirm it is down to the studs. This means it is unlivable and requires substantial repairs and rehabilitation, including all new systems, finishes, kitchen, and bathrooms, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Prime Location: The property boasts a highly convenient location with easy access to shopping centers, restaurants, grocery stores, and major freeways (101 and 405), as well as proximity to educational institutions and recreational areas.
Significant Customization Potential: Described as 'nearly completely gutted,' this property offers a blank canvas for buyers or investors to fully customize and design every detail to their specific taste and vision.
Investment Opportunity: Positioned as a 'diamond in the rough,' it presents an excellent opportunity for investors seeking a value-add project or buyers looking to build substantial equity through renovation.
Established Neighborhood: Built in 1978, the property is situated in a mature Tarzana neighborhood, suggesting stability and established community amenities.
Good Lot Size: With a lot size of 6465 sqft, it offers ample outdoor space, which is a desirable feature for a single-family residence in this area.

Cons

Extensive Renovation Required: The property is 'nearly completely gutted,' indicating a need for substantial and costly renovation work across all major systems and finishes before it can be occupied.
High Upfront Investment Beyond Purchase Price: Given its gutted state, buyers must factor in significant additional capital for construction, permits, and potential unforeseen issues, making the total investment considerably higher than the list price.
Not Move-In Ready: The property is uninhabitable in its current condition, requiring a lengthy and complex construction period before it can serve as a residence, which may not suit all buyers.

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