5701 Corbin Avenue
Tarzana, CA, 91356
$1,395,000
MLS: P1-25076
Beds
5
Baths
5
Sq Ft
1,906
Lot
0.39 ac
Year Built
1950
MLS #
P1-25076
Days on Market
132
Listed
Dec 1, 2025
Description
SIGNIFICANT PRICE ADJUSTMENT. 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.
Location
Tarzana, Los Angeles County, CA 91356
Open on Google Maps ↗Listed by: Vera Nelson · Hythe Realty, Inc
Payment estimate
$9,990
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $139,500 · Loan: $1,255,500
- Principal & Interest
- $7,714
- Property tax (1.25%)
- $1,453
- Homeowners insurance
- $300
- Mortgage insurance
- $523
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Tarzana home with as little as 3.5% down using an FHA loan — roughly $48,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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