Score
0Tarzana, CA
5349 Aura Ave
5.0M
6 beds
8 baths
6,725 sqft
6 bd • 8 ba • 6,725 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$4,995,000
Price/Sq.Ft
$743
Year Built
2006
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This luxurious Tarzana estate at 5349 Aura Ave offers exceptional value and features. At 6,725 sq ft, it's significantly larger than the average home in the area, providing ample space for large families or entertainers. The price per square foot of $742.75 is competitive for luxury properties in this sought-after neighborhood.
The property boasts high-end features including a chef's kitchen with top-of-the-line appliances, a grand living room with 22-foot ceilings, and a primary suite with two walk-in closets and a steam shower. The outdoor amenities are equally impressive, with a pool, spa, newly built ADU/pool house, outdoor kitchen, and custom basketball court on over half an acre of land.
Located in the desirable "flats" of Tarzana, south of the Boulevard and behind gates, the property offers both privacy and prestige. The cul-de-sac location adds to the tranquility and exclusivity.
The home's relatively recent construction (2006) means it likely incorporates modern building standards and energy efficiency, potentially resulting in lower maintenance costs compared to older luxury homes in the area.
Educational options are strong, with highly-rated schools nearby: Wilbur Charter For Enriched Academics (9/10) is just 0.6 miles away, Gaspar De Portola Middle School (8/10) is 0.7 miles away, and Taft Charter High (7/10) is 0.9 miles away.
The Bad
Despite its many positive attributes, there are some potential drawbacks to consider. The property's high price point of $4,995,000 limits the pool of potential buyers, which could extend the time on market. In fact, the property has already seen multiple price reductions since its initial listing at $6,495,000 in December 2023, indicating possible overpricing or changing market conditions.
The property taxes are likely to be substantial given the home's value and size, which will significantly increase the total cost of ownership. Additionally, the large size of the home (6,725 sq ft) and extensive outdoor amenities will result in high utility and maintenance costs.
While the location in Tarzana is desirable, it's important to note that commute times to other parts of Los Angeles can be lengthy due to traffic congestion. Public transportation options are also somewhat limited compared to more central areas of the city.
The median income in Tarzana is $90,886, which is significantly lower than what would typically be required to comfortably afford a home of this value. This could limit the local buyer pool and potentially impact future resale.
The Ugly
The property's location in Tarzana presents some significant risks that potential buyers should carefully consider. Tarzana sits near the Santa Monica Mountains, placing it in a high fire hazard severity zone. This necessitates careful consideration of fire insurance costs, which could be substantial for a property of this value. The risk of wildfires also raises concerns about potential evacuations and property damage.
The area is also susceptible to earthquakes, like much of California. Given the home's size and value, earthquake insurance premiums could be extremely high. Additionally, any seismic retrofitting or repairs needed after an earthquake could be very costly for a property of this size.
California's ongoing drought issues could impact water availability and usage, particularly for a property with extensive landscaping and a pool. This could lead to high water bills and potential restrictions on outdoor water use.
The property has seen a significant price increase since its last sale in 2019 at $2,595,000. The current asking price of $4,995,000 represents a 92.5% increase in just five years. This rapid appreciation may not be sustainable and could pose a risk for future resale value, especially if market conditions change.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for high-net-worth individuals or families who prioritize space, luxury, and privacy. It would be ideal for:
1. Affluent families: With 6 bedrooms and 8 bathrooms, the home can easily accommodate large or multi-generational families. The proximity to highly-rated schools makes it attractive for families with school-age children.
2. Entertainers: The spacious layout, grand living areas, chef's kitchen, and extensive outdoor amenities make this property perfect for those who frequently host large gatherings or events.
3. Privacy seekers: The gated community, cul-de-sac location, and large lot with privacy hedges cater to those who value seclusion and security.
4. Luxury real estate investors: Given the property's high-end features and desirable location, it could be attractive to investors looking to diversify their portfolio with premium real estate.
5. Work-from-home executives: The multiple flexible spaces and overall square footage would easily accommodate home offices or even a small business operation.
6. Fitness enthusiasts: With features like a custom basketball court, pool, and spa, this property is ideal for those who prioritize an active lifestyle and want high-end fitness amenities at home.
Not For
This property is not suitable for:
1. First-time homebuyers: The high price point and substantial ongoing costs make this property unsuitable for most first-time buyers.
2. Budget-conscious buyers: With a price tag of nearly $5 million and high ongoing costs for maintenance, utilities, and property taxes, this home is out of reach for those with budget constraints.
3. Those seeking a low-maintenance lifestyle: The large home and extensive grounds will require significant upkeep and likely professional maintenance services.
4. Buyers prioritizing walkability: While Tarzana offers some amenities, it's not known for high walkability scores. Those seeking an urban, walkable environment would be better suited elsewhere.
5. Individuals or families uncomfortable with natural disaster risks: Given the elevated wildfire and earthquake risks in the area, this property isn't suitable for those highly risk-averse to natural disasters.
6. Short-term investors: The high price point and recent market volatility make this a challenging property for short-term flipping or quick returns.
7. Those with limited mobility: The multi-story layout and expansive grounds may pose challenges for individuals with mobility issues.
Demographics
Area Median Income
$90,886
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jul 14, 2023Salar SaadatSara Simpson
Intrafamily Transfer
Non-Arm's Length Transactions
$2,595,000Financed
Mar 27, 2019Utopia Construction LlcSalar Saadat
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 14, 2019Sara SimpsonSalar Saadat
Affidavit Of Trust Or Trust Aggrement
Non-Arm's Length Transactions
$0Cash Purchase
Aug 8, 2007Shimon ZlichaUtopia Construction Llc
Grant Deed
Non-Arm's Length Transactions
$1,115,000Financed
Oct 28, 2005Dennis F Godfrey, Donna C GodfreyShimon Zlicha
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 20, 2005Olwind MicklesShimon Zlicha
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$38,313
2024 Tax Assessment
2.0%from previous year
Assessed Value$3,122,996
Tax Rate1.23%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.7/10
AverageMiddle
5.3/10
AverageHigh
5.4/10
AverageFinancials
Monthly Costs
Market Rent (6 bed)
Get a detailed estimate on Zillow$1,650
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$4,995,000
Price/sqft
$743
Layout
6 bd•8 ba
Days on market
9 daysat time of analysis
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$5,019,683
0.5%
Your price is 0.5% below average
Median Price
$5,149,000
3.0%
Based on 2 recent sales
Price per Sq.Ft
$725
2.4%
Your price is 2.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 5325 Quakertown Avenue, Woodland Hills, CA 91364 | $4,890,365 | 6,059 | 6 | 7 | $8078.7% | 9/21/2024 |
| 4607 Vanalden, Tarzana, CA 91356 | $5,149,000 | 8,000 | 6 | 7 | $64413.3% | 9/26/2024 |
5325 Quakertown Avenue, Woodland Hills, CA 91364
Price: $4,890,365
Sq.Ft: 6,059
Beds/Baths: 6/7
$/Sq.Ft:
$8078.7%
Sale Date: 9/21/2024
4607 Vanalden, Tarzana, CA 91356
Price: $5,149,000
Sq.Ft: 8,000
Beds/Baths: 6/7
$/Sq.Ft:
$64413.3%
Sale Date: 9/26/2024
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