4874 Palo Drive, Tarzana, CA 91356 - Photo 1 of 50, Tarzana, CA
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$1,650,000

4874 Palo Drive, Tarzana, CA 91356

Monteleone Real Estate,Inc
4Beds
3Baths
2,200Sq Ft
2Parking
1942Built
48Days Listed
1Lot Sq Ft

About This Property

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 a

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Property Location

Map

Property Details

Property Type
Detached
Bedrooms
4
Bathrooms
3
Building Area
2,200 Sqft
Living Area
2,200 sqft
Year Built
1942
Stories
2.0
Status
Active
Days on Market
48
Cumulative Days on Market
41
Original Price
$1,750,000

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Price History

$1,650,000

May 28, 2026

$100,000

-5.7%

Original List Price

$1,750,000

Tarzana Market Snapshot

86

Active Listings

$1.5M

Median Price

37

Avg Days on Market

Last updated: May 22, 2026

Listed by

Mike Monteleone, Monteleone Real Estate,Inc · 818-917-1789

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$1,650,000