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$1,400,000
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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 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!
Full Property Details
Full Property Details for 4874 Palo Dr
General
- Sold For: $1,400,000
- Status: Closed
- Type: Lots/Land
- Source: MRMLS
- MLS ID: SR26062276
- Added to Site: 137 day(s) ago
Additional Information
- Improvements: Single Family Home with ADU or Guest House
Location
- Area: TAR - Tarzana
- County: Los Angeles
- Development Name: TAR - Tarzana
- Driving Directions: South of Ventura. Take Vanalden to Olivos, West on Olivos & left on Palo Dr
- Dist. to Beach: active (Miles)
Utilities
- Sewer: Public Sewer
- Water: Public
- Dist. to Water: active
- Utility Description: Water Available, Natural Gas Connected, Sewer Available, Phone Available, Natural Gas Available, Sewer Connected, Cable Available, Electricity Available, Electricity Connected, Water Connected
Lot Features
- Property View: Mountain(s), Pool, Hills
- Lot Size (Acres): 0.6911
- Lot Size (Sq. Ft.): 30,104
- Lot Size Source: Assessor
- Present Use: Improved, Residential
- Potential Use: Horses, Agricultural, Buyer to verify, Residential
- Zoning: LARA
- Lot Description: Valley
- Fencing (Description): Chain Link, Wood, Average Condition
Financial Considerations
- Price Per Sq. Ft.: $46.51
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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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.
4874 Palo Drive, Tarzana, CA 91356 (MLS# SR26062276) is a Lots/Land property that was sold at $1,400,000 on August 14, 2026. Want to learn more about 4874 Palo Drive? Do you have questions about finding other Lots/Land real estate for sale in Tarzana? You can browse all Tarzana real estate or contact a Coldwell Banker agent to request more information.

