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!
AGENT: Mike Monteleone LISTING BROKERAGE: Monteleone Real Estate,Inc
Courtesy of Monteleone Real Estate,Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 4874 Palo DR
Tarzana, CA
Property Details
Price:
$1,750,000
MLS #:
SR26061353
Status:
Active Under Contract
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
tartarzana
Listed Date:
Apr 12, 2026
Finished Sq Ft:
2,200
Lot Size:
30,104 sqft / 0.69 acres (approx)
Year Built:
1942
ColonialPoolTar – TarzanaTartarzanaLos Angeles UnifiedWilburTaftNeighborhood
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Schools
School District:
Los Angeles Unified
Elementary School:
Wilbur
High School:
Taft
Interior
Appliances
RF, GO, GS
Bathrooms
3 Full Bathrooms
Cooling
WW
Flooring
BMB, WOOD
Interior Features
CF, PC
Laundry Features
GAS, WH
Levels
U
Main Level Bathrooms
1
Exterior
Architectural Style
COL
Common Walls
NCW
Community Features
VLY
Construction Materials
STC, FRM, PLS
Fencing
CH, WD, FAIR
Garage Spaces
2
Other Structures
GH, GHD
Parking Spots
2
Parking Total
2
Patio And Porch Features
CO
Roof
CMP
View
MT, PL, TW, NE
Window Features
BW
Financial
Map
Community
- Address4874 Palo DR Tarzana CA
- CityTarzana
- CountyLos Angeles
- Zip Code91356
