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Sold for $1,400,000
    • Listed by: Monteleone Real Estate,Inc • Mike Monteleone • Contact: 818-917-1780
    Bought with: Sohrab haroonian
    $1,400,000

    4874 Palo Dr, Tarzana, CA 91356

    4beds
    2,200sqft
    Single Family Residence
    Built in 1942
    0.69 Acres Lot
    $1,562,700 Zestimate®
    $636/sqft
    $7,063 Estimated rent

    Home value

    $1,562,700

    $1.48M - $1.64M

    $7,063/mo

    Zestimate® history
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    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Monteleone DRE #00404713 818-917-1789,

    Monteleone Real Estate,Inc,

    Michael Monteleone DRE #01230209,

    Monteleone Real Estate,Inc

    Bought with:

    Sohrab Haroonian, DRE #02074781

    Sohrab haroonian

    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

    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: $636/sqft
    • Tax assessed value: $167,387
    • Annual tax amount: $2,397
    • Date on market: 4/12/2026
    • Cumulative days on market: 113 days
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/14/2026Sold$1,400,000-11.1%$636/sqft
    Source: CRMLS #SR26061353 Report a problem
    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

    Neighborhood: Tarzana

    Nearby homes

    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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    Estimated market value
    $1,562,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,562,700

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