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Millman Team Real Estate

$1,575,000
4 Bed
3 Bath
2,200 Sqft
0.69 Acre Lot

4874 Palo Drive, Tarzana, California 91356

  • Residential Property Type
  • 2,200 Sqft Square Footage
  • Driveway Cars Garage
  • 1942 Year Built
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 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!

Basic Details
Residential
For Sale
SR26061353
$1,575,000
Mountain(s), Neighborhood, Pool, Trees/Woods
4
3
2,200 Sqft
1942
0.69 Acre
Active
3
Single Family Residence
: Composition
Features
: Gunite, Private, In Ground
: Wall/Window Unit(s)
: Unfinished
: Wood, Chain Link, Fair Condition
: Living Room, Primary Bedroom, Guest Accommodations
: Covered
: Driveway, Garage, Door-Single, Direct Access, RV Access/Parking, Driveway Down Slope From Street, Asphalt
: Colonial
: Wood, Bamboo
: All Bedrooms Up, Ceiling Fan(s), Wine Cellar
: Washer Hookup, Gas Dryer Hookup
1
: Unknown
: Electricity Connected, Water Connected, Natural Gas Available
: Bay Window(s)
$0
Appliances
: Gas Oven, Gas Cooktop, Refrigerator
Address Map
CA
Los Angeles
Tarzana
91356
Palo
4874
Drive
W119° 26' 38.6''
N34° 9' 28.1''
South of Ventura Blvd and West of Vanalden
TAR - Tarzana
Neighborhood
Wilbur
Taft
Los Angeles Unified
Additional Information
$0
$0
$0
$0
$0
: Valley
: Frame, Plaster, Stucco
1
: Raised
2.0
: Two
: Irregular Lot, Secluded
30, 094
2
2026-04-12
1650000
2
2
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
Active
2026-07-31T02:48:12Z
CRMLS
: Trust
2026-07-30T19:41:27Z
Agent info
Ray Millman
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