Active Under Contract

4874 Palo Drive

Tarzana, CA 91356
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Bed 4

Bed

Bath 3

Bath

SqFt2,200

Sqft

SqFt30,104

Sqft(Lot)

BACK ON THE MARKET! Presenting a rare and exceptional opportunity for developers, contractors or end-users. Offered for the first time in decades, this unique property was originally part of the early 1940's subdivision of Tarzana Ranch, developed by Edgar Rice Burroughs. Nestled in a highly sought-after estate neighborhood South of Ventura Boulevard, this expansive property spans over 30,000 square feet of quiet, private grounds surrounded by Legacy homes. For decades, families have raised their children here, drawn to the neighborhood's rare sense of peace, safety, and enduring community. Located within a wonderful area known for its outstanding schools, the setting offers both tranquility and long-term value. The property features a charming two-story Southern-style residence plus Guest Unit designed by the granddaughter of William Jenning Bryan. The main home offers 2-bedrooms, formal dine and 2- baths with bamboo and hardwood floors, crown moldings, two fireplaces, high ceilings and large closets. An Olympic-style pool enhances the outdoor living experience. In addition, a detached Guest Unit (ADU) above the two-car garage includes 2 bedrooms, 1 bath and fireplace, currently occupied by a family member. The main home is approximately 1,652 sf and Guest Unit is approximately 600 sf. With a newer roof and upgraded plumbing already in place, this property presents an ideal canvas for remodeling, expansion, or development. Offered AS-IS and priced for Land Value, this is a rare chance to create something truly special in one of Tarzana's most desirable neighborhoods. Opportunities like this are few and far between---don't miss it. Bring your Contractors, Developers & End Users to this amazing, "Value- Add", "Fixer" and/or "Development Opportunity". Hurry....Wont Last!

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Detail Ic Property Details

Property Type : Residential

Price : $1,575,000

AD Id : 77000482

MLS Id : SR26061353

Beds : 4

Lot Size : 30,104 Sqft

Living Area Size : 2,200

Year Built : 1942

Garage : 2

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Has Basement: 1 Basement: Unfinished

    Roofing Information

    Composition

    Flooring Information

    Bamboo, Wood
  • Interior Features

    Ceiling Fan(s), All Bedrooms Up, Wine Cellar
    Roof: Composition
    Appliances: Gas Cooktop, Gas Oven, Refrigerator
    Laundry Features: Washer Hookup, Gas Dryer Hookup
    Window Features: Bay Window(s)
  • Heating & Cooling

    Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1942
    Construction Materials: Frame, Plaster, Stucco
    Stories: 2
    Patio And Porch Features: Covered
    Pool Features: Gunite, In Ground, Private
    Private Pool: Yes
    View: Mountain(s), Neighborhood, Pool, Trees/Woods

  • Lot Information

    Lot Dimensions: 30,094 Main Square Feet: 30104 Lot Size Acres: 0.6911 Lot Size Source: Assessor Lot Size Square Feet: 30,104 Lot Description: Irregular Lot,Secluded

  • Listing Price Information

    Listing Price: $1575000
    Original Price: $1750000
    Cash, Conventional

  • Tax Information

    Parcel Number: 2175007010 Tax Lot: 19

  • Parking Information

    Parking Total: 2 Asphalt, Driveway Down Slope From Street, Direct Access, Door-Single, Driveway, Garage, RV Access/Parking

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Wilbur Junior High School: Senior High School: Taft
  • Utility Information

    Electricity Connected, Natural Gas Available, Water Connected
  • Location Information

    Direction: South of Ventura Blvd and West of Vanalden WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5941 Etiwanda Avenue, Tarzana, CA, 91356 $1,249,000 3 3 1,600 1,600 SqFt
5161 Nestle Avenue, Tarzana, CA, 91356 $1,375,000 3 2 1,884 1,884 SqFt
4938 Chimineas, Tarzana, CA, 91356 $1,149,000 2 1 813 813 SqFt
5061 Nestle, Tarzana, CA, 91356 $2,095,000 4 3 2,524 2,524 SqFt
18100 Karen Drive, Tarzana, CA, 91356 $4,299,000 5 7 5,080 5,080 SqFt
18234 Sugarman Street, Tarzana, CA, 91356 $1,499,000 4 -- 1,422 1,422 SqFt
4723 Dunas Lane, Tarzana, CA, 91356 $1,800,000 3 3 2,112 2,112 SqFt
5128 Avenida Hacienda, Tarzana, CA, 91356 $2,950,000 5 4 4,537 4,537 SqFt
18423 Linnet, Tarzana, CA, 91356 $2,900,000 7 8 5,358 5,358 SqFt
5062 Avenida Hacienda, Tarzana, CA, 91356 $1,695,999 3 3 2,555 2,555 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/25/2026 @ 22:29

MLS: SR26061353 LISTED BY: Mike Monteleone, Monteleone Real Estate,Inc 818-917-1780 SOURCE: CRMLS

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