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$1,900,000 Just Listed
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Property Description
Rare opportunity to acquire an approximately 20,035 SF private flag lot in one of Tarzana's most desirable hillside neighborhoods, offering exceptional privacy and panoramic Valley views. The property is being created through a pending SB 9 subdivision, with the Final Parcel Map currently in the process of recordation.
The Seller has invested significant time and expense evaluating the development potential of the property and has prepared a comprehensive Offering Memorandum containing a preliminary development study, conceptual photorealistic renderings, topographic survey, financial opportunity analysis, parcel map information, and other property data.
The conceptual renderings illustrate the potential for an approximately 4,000 SF contemporary luxury residence with an ADU, infinity-edge pool, expansive indoor-outdoor living spaces, and breathtaking Valley views (subject to Buyer verification and governmental approvals). The development concept has been thoughtfully prepared to take advantage of the site's topography, privacy, and exceptional view corridor.
Ideal for a luxury home builder, developer, investor, or owner-user seeking to create a signature hillside estate in a premier Tarzana location. The comprehensive Offering Memorandum is available upon request.
Buyer to independently verify all information regarding lot size, subdivision status, zoning, development potential, utilities, easements, grading requirements, permits, and governmental approvals.
Full Property Details
Full Property Details for 5500 Melvin
General
- Price: $1,900,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: SB26141647
- Updated: Today (7/1/2026)
- Added to Site: Today
Location
- Area: TAR - Tarzana
- County: Los Angeles
- Development Name: TAR - Tarzana
- Driving Directions: use google maps
- Dist. to Beach: Public (Miles)
Utilities
- Water: Public
- Dist. to Water: Public
Lot Features
- Property View: City Lights, Canyon
- Lot Size (Acres): 0.4597
- Lot Size (Sq. Ft.): 20,025
- Lot Size Source: Assessor
- Lot Description: Foothills, Street Lights
Financial Considerations
- Price Per Sq. Ft.: $94.88
Listed by Luxury 1 Agency, James Becker
Get Pre-Approved Today
Schools
Schools serving 5500 Melvin
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Wilbur Charter For Enriched Academics 5213 Crebs Ave., Los Angeles, CA 91356 | K-5 | 0.9 mi |
Woodland Hills Charter Academy 20800 Burbank Blvd., Los Angeles, CA 91367 | 6-8 | 1.5 mi |
Taft Charter High 5461 Winnetka Ave., Los Angeles, CA 91364 | 9-12 | 0.7 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 5500 Melvin
Date
Details
Price
Change
Source
7/01/2026
Listed
$1,900,000
24.59%
MLS
5/17/2005
Sold
$1,525,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5500 Melvin
Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,342
4%
$2,084,031
5%
2023
$24,422
30%
$1,987,000
28%
2022
$18,750
8%
$1,550,000
8%
2021
$17,420
2%
$1,435,000
-1%
2020
$17,051
-3%
$1,452,000
—
2019
$17,602
11%
$1,452,000
12%
2018
$15,891
4%
$1,300,000
4%
2017
$15,312
14%
$1,255,000
14%
2016
$13,443
2%
$1,104,000
6%
2015
$13,222
16%
$1,041,000
14%
2014
$11,425
-1%
$912,000
-1%
2013
$11,586
—
$921,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5500 Melvin
5500 Melvin, Tarzana, CA 91356 (MLS# SB26141647) is a Lots/Land property with a lot size of 0.4597 acres. 5500 Melvin is currently listed for $1,900,000 and was received on July 01, 2026. Want to learn more about 5500 Melvin? 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.

