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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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4874 Palo Drive Tarzana, CA 91356
$1,650,000 4 beds, 3 baths
2, 200 sqft
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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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Agent Remarks

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!

Listing Details

Trust & Probate
Property type: Single Family Residence (Single Family)
Status: Active Under Contract
MLS# SR26061353
List price is $1,650,000 Reduced by $100,000 on 5/22/2026
HOA Fee is $0.00
Beds: 4
Baths: 3 (3 full)
Guest Accommodations,Living Room,Primary Bedroom fireplaces
Built in 1942
2,200 sqft
2 stories
0.69 acres
Lot size: 0.6911
County: Los Angeles
Property style: Colonial
Construction: Frame,Plaster,Stucco
Interior features: Ceiling Fan(s),All Bedrooms Up,Wine Cellar
Appliances: Gas Cooktop,Gas Oven,Refrigerator
Parking description: Asphalt,Driveway Down Slope From Street,Direct Access,Door-Single,Driveway,Garage,RV Access/Parking
Lot description: Irregular Lot,Secluded
Heating/cooling: Wall/Window Unit(s)
MLS area: TAR - Tarzana

Last Updated: 5/31/2026

 Find more Tarzana homes and real estate

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This listing belongs to the TAR - Tarzana MLS area

The style of this listing is Colonial.
Find more Colonial style homes for sale

Lat/Long: 34.157807, -118.555948.
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Listing Agent: Mike Monteleone
Lic#: 00404713
Broker: Courtesy of Monteleone Real Estate,Inc

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Nearby Schools

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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