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4874 Palo Drive Tarzana, CA ^$ 1,750,000

4874 Palo Drive

^$ 1,750,000

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4874 Palo Drive

Tarzana, CA, 91356

^$ 1,750,000

Studio Baths0.0

Monthly Estimate*

^$ 10,775

Listed by Monteleone Real Estate,Inc

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Studio

Lots and Land for sale in Tarzana, CA

for $1,750,000. The lot size is 0.6911.

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!

Lots and Land Active

Price

^$ 1,750,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.6911

Town/City

Tarzana

County/Region

Los Angeles

MLS | Web ID

SR26062276

Days on Market

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Phone Available Sewer Available Sewer Connected Water Available Water Connected

Zoning LARA

HOA Fee 0

Electric Standard

View Hills Mountain(s) Pool

Current Use Improved Residential Single Family

Community Features Valley

County Los Angeles

New Construction false

Property Type Land

HOA false

Contingency No contingencies! Let's go to Escrow.

Possible Use Agricultural Horses Residential

Special Listing Conditions Trust

Status Active

Directions South of Ventura. Take Vanalden to Olivos West on Olivos & left on Palo Dr

City Tarzana

Disclosures Accessory Dwelling Unit Covenants/Restrictions Disclosure Death On Property < 3 yrs Easement(s) Seller Disclosure

Senior Community Y/N false

MLS Area TAR - Tarzana

Lot Size Units Square Feet

Lot Size Square Feet 30104

Listing Terms Cash Conventional Trust Conveyance

Land Lease Y/N false

Current Financing Other

Additional Parcels Y/N false

Virtual Tour 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

Standard Status Active

Tax Lot 19

Exterior

Fencing Average Condition Chain Link Wood

Lot Features Agricultural Back Yard Sloped Down Front Yard Garden Gentle Sloping Irregular Lot Lawn Secluded Trees Value In Land Yard

Water Source Public

Lot Size Area 30104

Lot Size Acres 0.6911

Road Surface Type Paved

Lot Size Source Assessor

Road Frontage Type City Street

* Excluded Features

List By

Monteleone Real Estate,Inc

Broker

mike@rebrokerinc.com

Affordability Calculator

$10,775

Per Month

Monthly Principal & Interest: $10,775
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Tarzana, CA

Average List Price ^$1,562,250

Percent of Sale Price 11%

About Tarzana, CA

29,207 Population

2% Since 2002

^$68,781 Median Income

42.52 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/12/2026	$1,750,000		Listed Price

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4874 Palo Drive, Tarzana, CA, 91356 is a Lots and Land for sale at $1,750,000 with a lot size of 0.6911. 4874 Palo Drive is a studio with 0.0 baths. The property's zip code is 91356 which is in Tarzana, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/14/2026. 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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4874 Palo Drive

Lots and Land for sale in Tarzana, CA

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