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$1,799,950
5 Beds ⋅ 4 Baths ⋅ SR26161726 MLS
First time on the market in 45 years! A rare opportunity to own a spacious South of the Boulevard pool home in the highly desirable Tarzana Hills and make it your own. Situated on an expansive 19,269-square-foot lot, this approximately 3,400-square-foot split-level home offers 5 bedrooms and 3.5 bathrooms, generous living spaces, and exceptional potential to update and save. A rare upper-tier flat pad with view potential of the surrounding hills further enhances the property, offering unique flexibility to add a pickleball or sports court, ADU, guest house, home office, or expanded outdoor living space. Recent improvements include a fully remodeled kitchen, a newer roof, an updated HVAC system, and newer pool equipment, including the pool heater and filtration system, providing peace of mind while offering the opportunity to personalize the remaining living spaces to your taste. The home features formal living and dining rooms, while the fully remodeled kitchen offers abundant cabinetry, generous counter space, a pantry, and a light-filled breakfast nook. The kitchen flows into the inviting family room with a cozy fireplace and dry bar, creating a comfortable space for everyday living and entertaining. The family room, kitchen, fifth bedroom, and spacious primary suite all enjoy direct access to the backyard, creating seamless indoor-outdoor living. A conveniently located bathroom also opens directly to the backyard, making it ideal as a pool bath and perfect for outdoor entertaining. The primary suite offers two walk-in closets, while the versatile fifth bedroom is ideal as a home office or guest room. The private backyard features a pool and spa with gray flagstone coping, mature landscaping, and multiple entertaining areas. Ideally located just minutes from Ventura Boulevard's shopping, dining, parks, and entertainment, this exceptional property offers the rare combination of location, privacy, space, and potential. A wonderful opportunity to create your dream home in one of Tarzana's most sought-after South of the Boulevard neighborhoods.

4807 Ellenita Avenue, Tarzana
$1,575,000
SR26062276 MLS
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!

4874 Palo Drive, Tarzana

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.