$1,395,000
$380K PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

5701 Corbin Ave Tarzana, CA 91356

Estimated payment $8,445/month

Total Views 27,654
3 Beds
2 Baths
1,906 Sq Ft
$732 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Walk-In Closet
  • Cathedral Ceiling
  • Fireplace
  • Cooling Available

About This Home

SIGNIFICANT PRICE REDUCTION. SELLER IS MOVING OUT OF STATE..Discover a place that truly feels like home in the heart of Tarzana's beloved Melody Acres. Tucked behind private gates on a wide, flat 17,001 sq ft lot, this property offers something incredibly rare: two separate homes, endless flexibility, and the kind of space that makes life feel calmer, easier, and more connected. The main house is a warm, inviting ranch-style home that instantly puts you at ease. With around 1,906 sq ft, it features 3 comfortable bedrooms and 2.5 beautifully updated bathrooms. The remodeled kitchen is one of those spaces where people naturally gather--complete with stainless steel appliances, double ovens, a wine fridge, and plenty of room to cook together. The living and dining areas are filled with natural light from a full wall of windows that look out to the spacious backyard. Step outside and you'll find patios perfect for long summer evenings and mature fruit trees that make the entire space feel like your own private retreat. The second home--a stunning two-story ADU--feels like a hidden sanctuary. With about 1,000 sq ft, it has its own entrance, its own yard, and its own sense of peace. Soaring ceilings, a cozy fireplace, hardwood floors, and French doors opening to a large wood deck create a true indoor-outdoor vibe. It offers 2 bedrooms and 2 updated bathrooms, plus a remodeled kitchen and laundry area. The upstairs bedroom, with its walk-in closet and added privacy, feels like a quiet getaway at the end of the day. What makes this property special is how versatile it is. The ADU is perfect for extended family, adult children, guests, or meaningful rental income. Investors will appreciate the space and potential to explore future development. And anyone looking for a sense of breathing room will love the grassy play areas, mature trees, and the option to relax or entertain in complete privacy. All of this is just a short walk from local restaurants, shops, and places people love spending time. You're also close to the Westfield Topanga Mall & The Village, schools, parks, and major freeways--everything you need, without giving up the peace and charm that makes Melody Acres so special. Homes like this don't come around often. It's more than a property--it's an opportunity to create the lifestyle you've been hoping for.

Listing Agent

Vera Nelson

Hythe Realty, Inc Brokerage Email: epicgal38@aol.com License #01333471 Listed on: 12/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 17,001 Sq Ft Lot
  • No Units Located Below
  • Fenced
  • Back and Front Yard

Home Design

  • Split Level Home
  • Property Attached

Interior Spaces

  • 1,906 Sq Ft Home
  • 2-Story Property
  • Brick Wall or Ceiling
  • Cathedral Ceiling
  • Recessed Lighting
  • Track Lighting
  • Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Range Hood

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Automatic Gate

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 2153019006

Community Details

Overview

  • 2 Buildings
  • Valley

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1950 | Remodeled

Lot Details

0.39 Acres

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Automatic Gate
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 2153019006
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Track Lighting, Recessed Lighting, Brick Walls, Cathedral Ceiling(s)
  • Stories: 2
  • Common Walls: No One Below
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: Multi/Split, Two
  • Price Per Square Foot: 731.90
  • Room Type: Walk-In Closet, Primary Suite

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Range Hood, Gas Range
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Valley, Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Back Yard
  • Lot Size Sq Ft: 17001.00
  • Lot Size Acres: 0.3903

Multi Family

  • Lot Size Area: 17001.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 21

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $11,981 $984,279 $656,186 $328,093
2024 $11,981 $964,980 $643,320 $321,660
2023 $11,751 $946,059 $630,706 $315,353
2022 $11,208 $927,510 $618,340 $309,170
2021 $11,070 $909,324 $606,216 $303,108
2019 $8,724 $710,606 $344,508 $366,098
2018 $8,602 $696,673 $337,753 $358,920
2016 $7,253 $590,252 $324,639 $265,613
2015 $7,149 $581,387 $319,763 $261,624
2014 $6,328 $500,000 $280,100 $219,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2026 03/25/26 Price Changed $1,395,000 -21.4% $732 / Sq Ft
12/04/2025 12/04/25 For Sale $1,775,000 -- $931 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Quit Claim Deed -- None Available
Grant Deed -- None Available
Grant Deed $540,000 Fidelity National Title
Trustee Deed $799,000 Accommodation
Grant Deed $950,000 Southland Title Company
Gift Deed -- United Title Company
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $376,000 Purchase Money Mortgage
Previous Owner $760,000 Purchase Money Mortgage
Previous Owner $118,000 No Value Available
Source: Public Records

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-25105

Pasadena-Foothills Association of REALTORS®

APN: 2153-019-006

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