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$1,750,000
4874 Palo Drive, Tarzana, CA 91356
4Beds
3Baths
2,200Sq Ft
2Parking
1942Built
2Days 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
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
- 2
- Cumulative Days on Market
- 1
- 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.
Tarzana Market Snapshot
118
Active Listings
$589K
Median Price
64
Avg Days on Market
Last updated: Apr 12, 2026
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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.
$1,750,000