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4874 Palo DriveTarzana, CA 91356

Single Family · 4 Beds · 3 Full Baths · 2,200 Sq. ft. | 0.69 Acres
$1,575,000 Active

4874 Palo Drive Overview

Time on Site:
78 days
Visits:
2

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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4874 Palo Drive Facts & Features

  • Type Single Family
  • Sq. ft. 2,200
  • Price/Sq.ft. $716
  • Lot 0.69 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: Los Angeles Unified
  • Elementary School: Wilbur
  • High School: Taft

Building Information

  • New Construction: No
  • Year Built: 1942

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: TAR - Tarzana
  • Postal City: TARZANA

Community/Development

  • Community Features: Valley

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Disclosures: Accessory Dwelling Unit,Covenants/Restrictions Disclosure,Death On Property < 3 yrs,Easement(s)
  • Listing Terms: Cash,Conventional
  • Parcel Number: 2175007010
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Trust

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Total: 3
  • Bedrooms Total: 4

General Information

  • Appliances: Gas Cooktop,Gas Oven,Refrigerator
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: front door
  • Fireplace Features: Guest Accommodations,Living Room,Primary Bedroom
  • Fireplace: Yes
  • Flooring: Bamboo,Wood
  • Foundation Details: Raised
  • Interior Features: Ceiling Fan(s),All Bedrooms Up,Wine Cellar
  • Laundry Features: Washer Hookup,Gas Dryer Hookup
  • Levels: Two
  • Living Area: 2200.0
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Stories: 2
  • Stories Total: 2
  • Window Features: Bay Window(s)

Exterior

Parking Information

  • Parking Features: Asphalt,Driveway Down Slope From Street,Direct Access,Door-Single,Driveway,Garage,RV Access/Parking
  • Parking Total: 2.0

Lot Information

  • Additional Parcels: No
  • Lot Dimensions Source: Assessor
  • Lot Features: Irregular Lot,Secluded
  • Lot Size Acres: 0.6911
  • Lot Size Area: 30104.0
  • Lot Size Dimensions: 30,094
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 30104.0
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Colonial
    • Attached Garage: No
    • Construction Materials: Frame,Plaster,Stucco
    • Patio And Porch Features: Covered
    • Property Attached: No
    • Roof: Composition
    • Structure Type: House

    General Information

    • Fencing: Chain Link,Fair Condition,Wood
    • Number Of Units Total: 2
    • Other Structures: Guest House Detached,Guest House
    • Pool Features: Gunite,In Ground,Private
    • Pool Private: Yes
    • Road Frontage Type: City Street
    • Sewer: Unknown
    • Utilities: Electricity Connected,Natural Gas Available,Water Connected

    4874 Palo Drive Neighborhood

    Community

    91356 (TARZANA) Demographics

    44
    Median Age
    4,186
    Population Density (per sq. mile)
    59%
    College Educated
    $80,872
    Estimated Median Income
    6,987
    Estimated Total Home Owners
    4,995
    Estimated Total Renters
    58% / 42%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    4874 Palo Drive Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    4874 Palo Drive Market Data

    Based on the last 30 days in this zip code

    $2,357,190
    Average List Price
    $729
    Average Price per Square Foot
    13
    Properties Sold
    63
    Average Days on Market
    375
    Properties for Sale
    Calculations provided by Reliance Network

    4874 Palo Drive History

    Date Event Value Agent
    6/16/2026Source: CRMLS Price Reduction
    $1,575,000 -4.5%
    6/16/2026Source: CRMLS Price Reduction
    $1,575,000 -4.5%
    6/9/2026Source: CRMLS Status Change
    Active
    6/9/2026Source: CRMLS Status Change
    Active
    5/30/2026Source: CRMLS Status Change
    Active Under Contract
    5/30/2026Source: CRMLS Status Change
    Active Under Contract
    5/22/2026Source: CRMLS Price Reduction
    $1,650,000 -5.7%
    5/22/2026Source: CRMLS Price Reduction
    $1,650,000 -5.7%
    4/20/2026Source: CRMLS Status Change
    Active
    4/20/2026Source: CRMLS Status Change
    Active
    4/16/2026Source: CRMLS Status Change
    Active Under Contract
    4/16/2026Source: CRMLS Status Change
    Active Under Contract
    4/12/2026Source: CRMLS Added to Database
    April 12, 2026
    4/12/2026Source: CRMLS Added to Database
    April 12, 2026
    Listing provided courtesy of Monteleone Real Estate,IncMike Monteleone- MLS# SR26061353MLS ProviderContact Information: [email protected] - 818-917-1780