4874 Palo Drive, Tarzana, CA 91356

Description

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 a 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 neighborhoods 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 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 including 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 and is currently occupied by a family member. The main home is approx. 1,652 sf and Guest Unit is approx. 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!

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold August 2026 · listed $1,575,000, orig. $1,750,000, on market April 2026, 113 days on market · MLS #SR26062276 · Source: CRMLS

Listing Agent: Mike Monteleone · Listing Office: Monteleone Real Estate,Inc · Contact: 818-917-1789 · Bought with: Sohrab Haroonian · Sohrab haroonian

$1,400,000

Sold August 2026 · listed $1,575,000, orig. $1,750,000, on market April 2026, 113 days on market · MLS #SR26061353 · Source: CRMLS

Listing Agent: Mike Monteleone · Listing Office: Monteleone Real Estate,Inc · Contact: 818-917-1789 · Bought with: Sohrab Haroonian · Sohrab haroonian

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