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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 0 beds, 0 baths
0 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 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!

Listing Details

Trust & Probate
Property type: (Lots/Land)
Status: Active Under Contract
MLS# SR26062276
List price is $1,650,000 Reduced by $100,000 on 5/22/2026
HOA Fee is $0.00
Beds: 0
Baths: 0
0.69 acres
Lot size: 0.6911
County: Los Angeles
Zoning: LARA
Lot description: Agricultural,Back Yard,Sloped Down,Front Yard,Garden,Gentle Sloping,Irregular Lot,Lawn,Secluded,Trees,Value In Land,Yard
MLS area: TAR - Tarzana

Last Updated: 5/31/2026

 Find more Tarzana homes and real estate

 Find more homes in 91356 zip code

This listing belongs to the TAR - Tarzana MLS area

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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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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