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Pending
    • Listed by: Monteleone Real Estate,Inc • Mike Monteleone • Contact: 818-917-1789
    Price cut: $75K (6/16)
    $1,575,000

    4874 Palo Dr, Tarzana, CA 91356

    4beds
    2,200sqft
    : 
    $9,854/mo
    Get pre-qualified
    Single Family Residence
    Built in 1942
    0.69 Acres Lot
    $1,562,700 Zestimate®
    $716/sqft
    $-- HOA

    What's special

    Olympic-style poolCharming two-story southern-style residenceQuiet private groundsNewer roofBamboo and hardwood floorsTwo fireplacesHigh ceilings
    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!
    119 days
    |
    417
    |
    25
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Monteleone DRE #00404713 818-917-1789,

    Monteleone Real Estate,Inc

    Source: CRMLS,MLS#: SR26061353MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 1
      Rooms
      • Room types: Bonus Room, Bedroom, Entry/Foyer, Guest Quarters, Kitchen, Living Room, Wine Cellar
      Bedroom
      • Features: All Bedrooms Up
      Bathroom
      • Features: Bathtub
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Gas Cooktop, Gas Oven, Refrigerator
      • Laundry: Washer Hookup, Gas Dryer Hookup
      Features
      • Ceiling Fan(s), All Bedrooms Up, Wine Cellar
      • Flooring: Bamboo, Wood
      • Windows: Bay Window(s)
      • Basement: Unfinished
      • Has fireplace: Yes
      • Fireplace features: Guest Accommodations, Living Room, Primary Bedroom
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,200 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Asphalt, Driveway Down Slope From Street, Direct Access, Door-Single, Driveway, Garage, RV Access/Parking
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: front door
      • Patio & porch: Covered
      • Has private pool: Yes
      • Pool features: Gunite, In Ground, Private
      • Fencing: Chain Link,Fair Condition,Wood
      • Has view: Yes
      • View description: Mountain(s), Neighborhood, Pool, Trees/Woods
      Lot
      • Size: 0.69 Acres
      • Dimensions: 30,094
      • Features: Irregular Lot, Secluded
      Details
      • Additional structures: Guest House Detached, Guest House
      • Parcel number: 2175007010
      • Special conditions: Trust

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Frame, Plaster, Stucco
      • Foundation: Raised
      • Roof: Composition
      Condition
      • Fixer
      • New construction: No
      • Year built: 1942

      Utilities & green energy

      • Sewer: Unknown
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Available, Water Connected

      Community & HOA

      Community
      • Features: Valley
      Location
      • Region: Tarzana

      Financial & listing details

      • Price per square foot: $716/sqft
      • Tax assessed value: $167,387
      • Annual tax amount: $2,397
      • Date on market: 4/12/2026
      • Cumulative days on market: 119 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $1,562,700

        $1.48M - $1.64M

        $7,063/mo

        Price history

        DateEventPrice
        8/6/2026Pending sale$1,575,000$716/sqft
        Source: CRMLS #SR26061353 Report a problem
        7/31/2026Listed for sale$1,575,000$716/sqft
        Source: CRMLS #SR26061353 Report a problem
        7/14/2026Contingent$1,575,000$716/sqft
        Source: CRMLS #SR26061353 Report a problem
        6/16/2026Price change$1,575,000-4.5%$716/sqft
        Source: CRMLS #SR26061353 Report a problem
        6/10/2026Listed for sale$1,650,000$750/sqft
        Source: CRMLS #SR26061353 Report a problem
        5/31/2026Contingent$1,650,000$750/sqft
        Source: CRMLS #SR26061353 Report a problem
        5/22/2026Price change$1,650,000-5.7%$750/sqft
        Source: CRMLS #SR26061353 Report a problem
        4/20/2026Listed for sale$1,750,000$795/sqft
        Source: CRMLS #SR26061353 Report a problem
        4/16/2026Contingent$1,750,000$795/sqft
        Source: CRMLS #SR26061353 Report a problem
        4/12/2026Listed for sale$1,750,000$795/sqft
        Source: CRMLS #SR26061353 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,397 +4.8%$167,387 +2%
        2024$2,287 +1.7%$164,105 +2%
        2023$2,248 +3.5%$160,888 +2%
        2022$2,172 +1.6%$157,735 +2%
        2021$2,138 -0.7%$154,644 +1%
        2020$2,152 $153,059 +2%
        2019$2,152 +6.4%$150,059 +2%
        2018$2,022 $147,118 +2%
        2017$2,022 +2.1%$144,234 +2%
        2016$1,980 +3.9%$141,407 +1.5%
        2015$1,905 0%$139,284 +2%
        2014$1,905 $136,556 +2.5%
        2012-- $133,275 +2%
        2011-- $130,663 +0.8%
        2010-- $129,688 -0.2%
        2009-- $129,997 +2%
        2008-- $127,449 +2%
        2007-- $124,951 +2%
        2006-- $122,502
        2005-- $122,502 +4%
        2004-- $117,747 +1.9%
        2003-- $115,590 +2%
        2002-- $113,324 +4%
        2000-- $108,925
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Tarzana

        Getting around

        17 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wilbur
        • High: Taft

        Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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