4874 Palo Drive, Tarzana, CA 91356
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
Listed by: mike monteleone
Office: monteleone real estate,inc818-917-1780
MLS#:SR26061353
Source:CRMLS
Price summary
- Price:$1,575,000
- Price per sq. ft.:$715.91
About this home
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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Home facts
- Year built:1942
- Listing ID #:SR26061353
- Added:116 day(s) ago
- Updated:August 07, 2026 at 07:53 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Bamboo, Wood
- Kitchen Description:Gas Cooktop, Gas Oven, Refrigerator
- Basement:Yes
- Basement Description:Unfinished
- Living area:2,200 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Roof:Composition
- Year built:1942
- Building area:2,200 sq. ft.
- Lot area:0.69 Acres
- Lot Features:Irregular Lot, Secluded
- Architectural Style:Colonial
- Construction Materials:Frame, Plaster, Stucco
- Exterior Features:Covered
- Foundation Description:Raised
- Levels:2 Story
Schools
- High school:Taft
- Elementary school:Wilbur
Utilities
- Water:Public, Water Connected
Finances and disclosures
- Price:$1,575,000
- Price per sq. ft.:$715.91
Features and amenities
- Amenities:All Bedrooms Up, Ceiling Fans, Wine Cellar
- Pool features:Gunite, In Ground, Private
Parking
- Total parking spaces:2
- Parking description:Asphalt, Direct Access, Door-Single, Driveway, Driveway Down Slope From Street, Garage
- Garage:Yes
- Garage spaces:2
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