5826 Corbin AVE Tarzana, CA 91356

We 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.