4874 Palo Drive, Tarzana, CA 91356
- $1,575,000
- 4
- BD
- 3
- BA
- 2,200
- SqFt
- List Price
- $1,575,000
- Price Change
- ▼ $75,000 1781637306
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- SR26061353
- Year Built
- 1942
- Bedrooms
- 4
- Bathrooms
- 3
- Living Sq. Ft
- 2,200
- Lot Size
- 30,104
- Acres
- 0.69
- Lot Location
- Irregular Lot, Secluded
- Days on Market
- 108
- Property Type
- Single Family Residential
- Style
- Colonial
- Property Sub Type
- Single Family Residence
- Stories
- Two Levels
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!
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Additional Information
- Other Buildings
- Guest House Detached, Guest House
- Appliances
- Gas Cooktop, Gas Oven, Refrigerator
- Pool
- Yes
- Pool Description
- Gunite, In Ground, Private
- Fireplace Description
- Guest Accommodations, Living Room, Primary Bedroom
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Mountain(s), Neighborhood, Pool, Trees/Woods
- Exterior Construction
- Frame, Plaster, Stucco
- Patio
- Covered
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Unknown
- Water
- Public
- School District
- Los Angeles Unified
- Elementary School
- Wilbur
- High School
- Taft
- Interior Features
- Ceiling Fan(s), All Bedrooms Up, Wine Cellar
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Garage Spaces
- 2
- Levels
- Two
- Parking Spaces
- 2
- School District
- Los Angeles Unified
Listing courtesy of Listing Agent: Mike Monteleone (mike@rebrokerinc.com) from Listing Office: Monteleone Real Estate,Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.