tomo logo

$1,775,000

Beds
5
Baths
4.0
sq ft
1,906

5701 Corbin Ave, Tarzana, CA 91356

5701 Corbin Ave

Tarzana, CA 91356

  • 37 days on market
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 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!

Details

Property type

Single Family Residence

Est. home value

$1,760,825

Property condition

Updated/Remodeled

Lot size

0.3903 acres

Price per sq ft

$932

Year built

1950

HOA

No

Price History

12/02/2024
CRMLS

CRMLS #P1-20088

Listed
$1,775,000

Schools & Community

Neighborhood: 

Woodland Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,386,298
Asking price
$1,775,000
Closing costs (~8% of asking)
-$142,000
Est. remaining loan balance
-$246,702
Cash to seller
$1,386,298

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pmc Bancorp

Loan start date

June 2009

Original loan amount

$376,000

Est. remaining balance

$246,702

Interest rate

4.78%

Loan type

Not Provided, 30 year

Seller

Teres Mamann

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/08/2025 at 3:45 PM

Listing updated: 12/29/2024 at 5:20 PM

Listed by: Vera Nelson, Hythe Realty, Inc Phone #: (800) 674-7989

MLS: CRMLS #P1-20088

CRMLS logo

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