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Listed by Monteleone Real Estate,Inc, Mike Monteleone. 818-917-1789

MLS Source logo

4874 Palo DRTarzana, CA 91356

Active
$1,650,000
4
3
2,200 SQFT

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!


FACTS & FEATURES

  • Property Type:
    Residential
  • Architectural Style:
    Colonial
  • Bedrooms:
    4
  • Bathrooms:
    3
  • Dwelling Size:
    2,200 SQFT
  • Lot Size:
    0.69 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1942
  • Interior Features:
    Ceiling Fan(s), Copper Plumbing Partial
  • Exterior Features:
  • Parking:

    Garage or Parking Spaces: 2
    Features: Direct Garage Access, Driveway, RV Access/Parking, Garage, Asphalt, Garage - Single Door
  • Area:
    TAR - Tarzana
  • Views:
    Mountain(s), Pool, Trees/Woods, Neighborhood
  • Schools:
    High School(s): TAFT, Los Angeles Unified
    Elementary School(s): WILBUR
  • HOA:
  • Senior Community:
    False
  • Heating:
  • Cooling:
    Wall/Window Unit(s)
  • Appliances:
    Refrigerator, Gas Oven, Gas Cooktop
  • Fireplace:
    Fireplace(s):
    Features: Living Room,Primary Bedroom,Guest House
  • Accessibility:
  • Security Features:
  • Foundation:
    Raised
  • Roof:
    Composition

LOCATION


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Listing Office: Monteleone Real Estate,Inc. Listing Agent: Mike Monteleone. Listing ID: SR26061353

Last Updated May 22, 2026 9:26 AM
Data last checked against CRMLS on June 5, 2026 6:37 PM

Based on information from California Regional Multiple Listing Service, Inc. as of June 5, 2026 6:37 PM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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