4874 Palo DR, Tarzana, CA 91356
4874 Palo DR, Tarzana, CA 91356
4874 Palo DR, Tarzana, CA 91356
4874 Palo DR, Tarzana, CA 91356
4874 Palo DR, Tarzana, CA 91356
4874 Palo DR, Tarzana, CA 91356
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$ 1,750,000
Est. payment | /mo

0.69 Acres Lot


$ 1,750,000
Est. payment | /mo

0.69 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SR26062276

HOA Y/N No

Lot Size 0.691 Acres

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 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!

Location

State CA

County Los Angeles

Area Tar - Tarzana

Zoning LARA

Interior

Fireplace No

Exterior

Fence Average Condition, Chain Link, Wood

Community Features Valley

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

View Y/N Yes

View Hills, Mountain(s), Pool

Present Use Improved,Residential,Single Family

Building

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

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2175007010

Acceptable Financing Cash, Conventional, Trust Conveyance

Listing Terms Cash, Conventional, Trust Conveyance

Special Listing Condition Trust

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

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Mike Monteleone Monteleone Real Estate,Inc 818-917-1789, DRE #00404713
NEARBY SCHOOL & BUSINESS
Donnie Bowen

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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4874 Palo DR