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$1,575,000
108 Days On Site

4874 Palo Drive
Tarzana, CA 91356

For Sale|Single Family Residence|Active Under Contract
4
Beds
3
Total Baths
3
Full Baths
2,200
SqFt
$716
/SqFt
1942
Built
County:
Los Angeles
Listed by Mike Monteleone of Monteleone Real Estate,Inc (818) 917-1789
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
4874 Palo Drive4874 Palo Drive4874 Palo Drive4874 Palo Drive
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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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Listing Snapshot
Price 
$1,575,000
Days On Site 
108 Days
Bedrooms 
4
Inside Area (SqFt) 
2,200 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.6911 Acres
Year Built 
1942
MLS® Number 
SR26061353
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active Under Contract
a month agoPrice changed to $1,575,000
4 months agoListing first seen on site
General Features
Disclosures 
Death on Property < 3 yrs
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
2
Parking 
Garage
Parking Spaces 
2
Property Condition 
Fixer
Property Sub Type 
Single Family Residence
Sewer 
Unknown
SqFt Total 
2200
Style 
Colonial
Utilities 
Electricity AvailableNatural Gas AvailableElectricity ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
RefrigeratorGas OvenGas Cooktop
Cooling 
Wall/Window Unit(s)
Fireplace Features 
Living Room
Flooring 
BambooWood
Laundry Features 
Washer Hookup
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Exterior Features
Construction Details 
StuccoFrame
Fencing 
Chain LinkWood
Other Structures 
Guest House
Patio And Porch 
Covered
Pool Features 
GunitePrivateIn Ground
Private Pool 
Yes
Roof 
Composition
View 
NeighborhoodPoolTrees/WoodsMountain(s)
Waterview 
NeighborhoodPoolTrees/WoodsMountain(s)
Community Features
Financing Terms Available 
CashConventional
Listed by Mike Monteleone of Monteleone Real Estate,Inc (818) 917-1789



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2026 San Diego MLS®.

Last checked 2026

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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