4874 Palo Drive, Tarzana, CA 91356 - Photo 1

1/1

$1,400,000

Sold
Closed
Single Family
4 Beds
3 Full Baths
2,200 Sq. Ft.
2 Car Garage

1/1

Property Description

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!

Full Property Details

Full Property Details for 4874 Palo Dr

General

Sold For: $1,400,000
Status: Closed
Type: Single Family
Source: MRMLS
MLS ID: SR26061353
Added to Site: 144 day(s) ago

Interior

Rooms/Areas: Formal Entry, Bonus Room, Guest/Maid's Quarters, All Bedrooms Up, Kitchen, Living Room, Wine Cellar
Interior Features: Copper Plumbing (Partial), Ceiling Fan(s)
Fireplace: Yes
Fireplace(s): Guesthouse, Primary Bedroom, Living Room
Appliances: Gas Cooktop, Refrigerator, Gas Oven
Flooring: Bamboo, Wood

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 4

Other Rooms

Laundry: Gas Dryer Hookup, Washer Hookup

Additional Information

Pool: Yes
Pool Description: In-Ground, Private, Gunite

Exterior

Deck/Patio: Covered

Parking

Garage: Yes
Garage Spaces: 2
Parking: Garage, Driveway Down Slope From Street, Garage (Direct Access), Garage (Single Door), RV Access/Parking, Asphalt, Driveway

Location

County: Los Angeles
Driving Directions: South of Ventura Blvd and West of Vanalden

School Information

School District: Los Angeles Unified
Elementary School: WILBUR
High School: TAFT

Community

Community Features: Valley

Heating & Cooling

Cooling Type: Wall/Window Unit(s)

Utilities

Water: Public

Structural Information

Architectural Style: Colonial
Structure Type: Single Family Residence
Construction: Plaster, Frame, Stucco
Foundation: Raised
Roof: Composition
Common Walls: No Common Walls
Windows: Bay Window(s)
Entry Location: front door
Stories/Levels: Two
Stories Description: Two
Square Feet: 2,200
Sq. Ft. Source: Other
Year Built: 1942
Year Built Source: Assessor
Property Condition: Fixer

Additional Structures

Other Structures: Guesthouse, Guest House Detached

Lot Features

Property View: Mountain(s), Trees/Woods, Neighborhood, Pool
Lot Size (Acres): 0.6911
Lot Size Source: Assessor
Lot Dimensions: 30.094
Lot Description: Irregular Lot, Lot 20000-39999 Sqft, Secluded
Fencing (Description): Chain Link, Wood, Fair Condition

Financial Considerations

Price Per Sq. Ft.: $636.36

Disclosures and Reports

Special Conditions: Trust

Listed by Monteleone Real Estate,Inc, Mike Monteleone and Monteleone Real Estate,Inc, Michael Monteleone
Sold by Sohrab haroonian, Sohrab Haroonian

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Listing agents

— 4874 Palo Dr —

Mike Monteleone

Monteleone Real Estate,Inc
Michael Monteleone

Monteleone Real Estate,Inc

818-917-1789

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Schools

Schools serving 4874 Palo Dr

School District:Los Angeles Unified School District

Name	Grades	Distance
Wilbur Charter For Enriched Academics 5213 Crebs Ave., Los Angeles, CA 91356	K-5	0.8 mi
Gaspar De Portola Middle School 18720 Linnet St., Los Angeles, CA 91356	6-8	1 mi
Taft Charter High 5461 Winnetka Ave., Los Angeles, CA 91364	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4874 Palo Dr

Date

Details

Price

Change

Source

8/14/2026

Sold

$1,400,000

-11.11%

MLS

6/16/2026

Price Reduced

$1,575,000

-4.55%

MLS

5/22/2026

Price Reduced

$1,650,000

-5.71%

MLS

4/12/2026

Listed

$1,750,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4874 Palo Dr, Tarzana, CA 91356 - Photo 1

Sold

$1,400,000