5204 Melvin Ave, Tarzana, CA 91356

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Pending: $975,000

Zestimate®: $923,422

A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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Description
This home is a cosmetic fixer in a great neighborhood with massive potential. Located on a quiet street in one of Tarzana?s most convenient and desirable neighborhoods. The expansive private lot, includes a 3 bedroom 3 bath home with a large private office space that can be used as a den, artist studio, doctor?s office or converted into a second master suite. The oversized kitchen with granite countertops and Subzero refergerator opens to the naturally bright living area with fireplace. Living room doors lead to the entertainer's yard complete with a sparkling pool and patio that is perfect for intimate or large gatherings. The custom pool has an elevated spa with its own rock fa?ade waterfall. A 2-foot tall wall of stones runs length of the pool where waterfalls spill onto the rocks. The one of a kind pool has been featured on the cover of Sunset Magazine. Remodel the home or design the home of your dreams, the possibilities are endless.  MoreLess
    • Days on Zillow54
    • CoolingCentral
    • ParkingGarage - Attached
    • Basement TypeUnknown
    • FireplaceUnknown
    • Floor CoveringCarpet
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A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$923,422
+$8,915 Last 30 daysd
$868K
$979K
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$3,595/mo
-$35 Last 30 daysd
$2.7K
$4.6K
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Neighborhood for 5204 Melvin Avenue

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Among Tarzana homes, this home is 57.1% more expensive than the midpoint (median) home, and is priced 7.4% more per square foot. Foreclosures will be a factor impacting home values in the next several years. In the Tarzana market, the number of foreclosures waiting to be sold fell 31.7% in the last year. The number of unsold foreclosures is 25.7% lower than in Los Angeles, and 47.9% less than the national average. This lower local number could help Tarzana home values rise more quickly than other regions in Los Angeles.

Learn more about forecast calculations or Tarzana home values.
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