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Millman Team Real Estate

$1,575,000
0.69 Acre Lot

4874 Palo Drive, Tarzana, California 91356

  • Land Property Type
Property 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!

Basic Details
Land
For Sale
SR26062276
$1,575,000
Hills, Mountain(s), Pool
0.69 Acre
Active
Features
: Wood, Chain Link, Average Condition
: Public Sewer
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Water Available, Natural Gas Available, Phone Available
$0
Address Map
CA
Los Angeles
Tarzana
91356
Palo
4874
Drive
W119° 26' 38.6''
N34° 9' 28.1''
South of Ventura. Take Vanalden to Olivos, West on Olivos & left on Palo Dr
TAR - Tarzana
LARA
Additional Information
$0
$0
$0
$0
$0
: Valley
: Residential, Improved, Single Family
Standard
: Back Yard, Front Yard, Yard, Garden, Irregular Lot, Lawn, Secluded, Agricultural, Value In Land, Gentle Sloping, Trees, Sloped Down
2026-04-12
Agricultural, Horses, Residential
1650000
https://mls.kuu.la/share/collection/7Md25?fs=0&vr=1&zoom=1&sd=1&gyro=0&autorotate=0.02&autop=10&thumbs=3&margin=10&keys=0
: Public
Broker/Agent Information
Monteleone Real Estate, Inc
Mike Monteleone
Listing Information
F210006290
F4220001
Cash, Conventional, Trust Conveyance
Active
2026-07-31T02:51:58Z
CRMLS
: Trust
2026-07-30T19:42:13Z
Agent info
Ray Millman
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