Constructed in 1962, the two-story building features an attractive unit mix containing mostly two-bedroom units. Current rents sit well below local market rates, allowing a new owner the potential to capitalize on approximately 49% in rent upside. Properties in the Tarzana submarket rarely become available, as only seven such buildings have sold within the past three years, according to CoStar COMPS. Given the recent and continuing development boom in neighboring Warner Center and Woodland Hills, this asset would allow an investor to take advantage of those new and upcoming amenities, albeit at a lower price point. Over the past three years, the average sales price per unit in Woodland Hills has been over $430,000 per unit, whereas Tarzana sales have averaged only $259,207 per unit. CAP Rates in Tarzana have also been approximately 51 basis points higher than in Woodland Hills, allowing Tarzana owners to earn greater returns on their investments despite the immediate proximity of the two neighboring cities. Situated near the intersection of Oxnard Street and Reseda Boulevard, the property allows residents convenient access to the new Topanga Village shopping center as well as the recently opened Topanga Social premium food hall. Adjacent to the upcoming Los Angeles Rams practice facility at 21555 Oxnard Street, team owner Stan Kroenke holds land entitled for a potential 35-acre mixed-use development. Proposals for the site show 280,000 square feet of restaurant and retail offerings, hotels, offices, and residential units. The $1 billion project would provide a significant amenities boost to the already thriving neighborhood, all of which benefits investors in the immediate area.
Experience the rare opportunity to own a versatile property in the highly coveted Melody Acres neighborhood of Tarzana! This gated and private estate features two homes on a sprawling 17,001 sq ft flat lot, offering endless possibilities for multi-generational living, rental income, or potential lot splitting for investors. The main home has collected rent for $6,500/month while the ADU was rented out for $4,500/month. The primary residence, a charming ranch-style home spanning approximately 1,966 sq ft, boasts 3 bedrooms and 2.5 updated bathrooms. The beautifully remodeled kitchen is a chef's dream, equipped with stainless steel appliances, including a refrigerator, electric double oven, gas range, dishwasher, wine cooler, washer, dryer, and two sinks. The spacious living room and formal dining area, with gleaming hardwood floors and a wall of windows, open to a patio and a lush backyard filled with mature fruit trees--perfect for hosting and entertaining. The secondary home, a stunning two-story ADU of approximately 1,000 sq ft, offers complete privacy with its own entrance, backyard, and storage space. Inside, you'll find soaring ceilings, a cozy fireplace, a skylight, and hardwood floors. French doors lead to a large wood deck, seamlessly blending indoor and outdoor living. This home includes 2 generously sized bedrooms, 2 updated bathrooms, a remodeled kitchen, and a laundry area with a washer and dryer. The upstairs bedroom serves as a tranquil retreat with a walk-in closet and enhanced privacy. Both homes are designed for functionality and seclusion, with the rear home providing an ideal rental opportunity to offset mortgage costs. The expansive lot includes grassy play areas, mature fruit trees, and plenty of room for relaxation, entertaining, or future development. Situated in an unbeatable location, this property is within walking distance of renowned restaurants, shops, entertainment, and places of worship. It's also conveniently close to the Westfield Topanga Mall/The Village, colleges, parks, schools, and major freeways. Don't miss the chance to own this one-of-a-kind property in the heart of Melody Acres--offering space, privacy, and limitless potential!
Welcome to this beautifully designed 3-bedroom, 2-bathroom condo in the heart of Parc Tarzana's community! Spanning 1,103 square feet, this charming home boasts an open-concept layout perfect for entertaining. Step into the spacious living room, which opens up to your very own private balcony – a perfect spot to relax and enjoy the outdoors. The primary bedroom features an en suite bathroom, creating a tranquil retreat. Located in a secured building, this condo comes with side-by-side parking, several shared laundry rooms, and access to a sparkling community pool. Situated near local transportation, shops, and restaurants, this condo offers the perfect blend of comfort, convenience, and community living. Currently tenant-occupied, this property presents an excellent opportunity for investors to collect income immediately, or for owner-occupiers looking to settle in after the lease term expires. Act fast, as you won’t want to miss out!
This lovely 2 bed, 2 bath, 910 sq. ft. condo offers the perfect blend of comfort and convenience. Step inside to discover a spacious living room that opens up to your own private balcony, ideal for morning coffee or evening relaxation. The galley kitchen is both functional and efficient, while the primary bedroom features an en suite bathroom for added privacy and comfort. Parc Tarzana’s community amenities include a sparkling pool, multiple shared laundry rooms, storage boxes, and two tandem parking spaces in a secured garage. With its ideal location, you'll enjoy easy access to local transportation, shops, and restaurants. Currently tenant-occupied, this property presents an excellent opportunity for investors to collect income immediately, or for owner-occupiers looking to settle in after the lease term expires. Act fast, as you won’t want to miss out!
Welcome to this new opportunity in the heart of Tara Village! This spacious 870 sq. ft. top-floor condo features 2 bedrooms, 2 bathrooms, and an open floor plan perfect for modern living. The expansive living area flows seamlessly into an adjoining dining space, with sliding-glass doors that open to your private patio—ideal for enjoying the fresh air and serene views. Tara Village embodies the epitome of luxurious living, nestled within beautifully maintained, park-like grounds that create a peaceful and relaxing atmosphere. Residents enjoy a wealth of exclusive amenities, including a large laundry room, a heated pool and spa, and BBQ areas, perfect for hosting gatherings. The community also offers a children's playground, basketball hoop, a clubhouse for entertaining, and a fully equipped gym to meet all your fitness needs. Security and convenience are top priorities at Tara Village, with on-site management and security, ensuring a well-maintained and secure environment. Located close to transportation, shops, and restaurants, this condo offers the perfect blend of comfort, convenience, and community living. Currently tenant-occupied, this property presents an excellent opportunity for investors to collect income immediately, or for owner-occupiers looking to settle in after the lease term expires. Act fast, as you won’t want to miss out!
Tarzana is located in California.
