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Karen Jones

phil+rf1@lofty.com +1(405) 554-7373

$ 1,750,000

Est. payment -/mo

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Active

4874 Palo Drive Tarzana (los Angeles), CA 91356

4 Beds

3 Baths

2,200 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $795

MLS Listing ID CRSR26061353

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1942

Lot Size 0.691 Acres

Acres 0.6911

Property Sub-Type Single Family Residence

Property Description

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!

Location

State CA

County Los Angeles

Interior

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Wood, Bamboo

Fireplaces Type Living Room, Other

Fireplace Yes

Window Features Bay Window(s)

Appliance Gas Range, Refrigerator

Laundry Gas Dryer Hookup, Other

Exterior

Garage Spaces 2.0

Pool Gunite, In Ground

Utilities Available Natural Gas Available

View Y/N true

View Mountain(s), Trees/Woods, Other

Total Parking Spaces 2

Private Pool true

Building

Lot Description Irregular Lot, Secluded

Story 2

Foundation Raised

Architectural Style Colonial

Level or Stories Two Story

New Construction No

Schools

School District Los Angeles Unified

Others

Tax ID 2175007010

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

© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Mike Monteleone • Monteleone Real Estate,Inc