Seller's Agent in 2021
Joshua Barut
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
1 in this area
34 Total Sales
5826 Corbin Ave Tarzana, CA 91356
Estimated Value: $1,094,000 - $2,676,000
1
Bed
1
Bath
624
Sq Ft
$2,755/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- No HOA
- Views
- Wood Flooring
- Hiking Trails
- Park
About This Home
As of October 2021We are pleased to present 5826 Corbin Ave, Tarzana. This offering represents an incredibly rare development opportunity on an oversized, 22,250 square foot lot in the ever popular – and rapidly growing – Melody Acres neighborhood in Tarzana. This Flat Lot parcel is Zoned A1 and is perfect for a Buyer looking to build their Dream Estate from the ground up. That said, it’s also priced in accordance to appeal to the Developer aiming to turn and burn with a Short Term hold. To that end, there’s no question that Residential Development appeal has zeroed in on this vastly appreciating Los Angeles community, and it’s easy to understand why: Based on MLS Data of sold SFR’s within a half mile radius of the subject property, the submarket grew by a whopping 14.91% increase in Median Price/SF in 2020… and if it has double down in the first half 2021 with an 8.19% increase before the end of June (annualized at over 16%). This strategically positioned parcel in the heart of the San Fernando Valley is steps away from the bustling Ventura Boulevard, and – more generally – sits in close range of the 101 Freeway and the various Employment Hubs including, but not limited to, Burbank Studios. All said, Melody Acres is one of the last few neighborhoods in the valley to offer the luxury and juxtaposition of personal space and business. From a Demographic perspective, the Median Household Income within 1 mile of the Subject property has grown 3.26% YoY since 2010, significantly outpacing the 2.27% YoY growth of LA County as a whole. Lastly, this area is home to some of the Valley’s best schools. With over 50 public schools available to residents including the highly rated Taft High School, Gaspar De Portola Middle School, and Wilbur Charter School for Enriched Academics, this parcel represents an incredible opportunity for the family with plans to take action in planting their roots, and building their Dream Estate.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01971720 Listed on: 06/16/2021
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01971720 Listed on: 06/16/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,450
Year Built
- Built in 1925
Lot Details
- 0.51 Acre Lot
- Property fronts a private road
- Fenced
- Fence is in average condition
- Density is up to 1 Unit/Acre
- Property is zoned LARA
Home Design
- Cosmetic Repairs Needed
- Major Repairs Completed
- Fixer Upper
Interior Spaces
- 624 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Property Views
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Private Parking
- Paved Parking
- RV Access or Parking
Utilities
- No Heating
- Standard Electricity
Additional Features
- Accessible Parking
- Rain Gutters
Listing and Financial Details
- Tax Lot 207
- Tax Tract Number 7884
- Assessor Parcel Number 2153024024
Community Details
Overview
- No Home Owners Association
- Valley
Recreation
- Park
- Hiking Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 14, 2021
Sold by
Mock Timothy and Roger George Special Needs Tru
Bought by
Tg Investements & Consulting Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,791,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
May 3, 2019
Sold by
George Mereu Nanci
Bought by
Pais Montgomery Jadi and Roger George Special Needs Tru
Purchase Details
Closed on
Nov 14, 1994
Sold by
George Donna
Bought by
George Richard
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tg Investements & Consulting Inc | $890,000 | Stewart Title | |
| Pais Montgomery Jadi | -- | None Available | |
| George Mereu Nanci | -- | Lawyers Title | |
| George Richard | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tg Investements & Consulting Inc | $1,791,000 | |
| Previous Owner | Mock Tim | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/22/2021 10/22/21 | Sold | $890,000 | -1.1% | $1,426 / Sq Ft |
| 06/17/2021 06/17/21 | Pending | -- | -- | -- |
| 06/16/2021 06/16/21 | For Sale | $900,000 | -- | $1,442 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,450 | $925,955 | $740,764 | $185,191 |
| 2023 | $11,229 | $907,800 | $726,240 | $181,560 |
| 2022 | $10,709 | $890,000 | $712,000 | $178,000 |
| 2021 | $1,665 | $113,458 | $45,340 | $68,118 |
| 2020 | $1,677 | $660,960 | $561,000 | $99,960 |
| 2019 | $1,622 | $110,096 | $43,997 | $66,099 |
| 2018 | $1,494 | $107,938 | $43,135 | $64,803 |
| 2016 | $1,426 | $103,749 | $41,461 | $62,288 |
| 2015 | $1,408 | $102,192 | $40,839 | $61,353 |
| 2014 | $1,430 | $100,192 | $40,040 | $60,152 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Barut
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21131174
APN: 2153-024-024
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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