Price Reduced Listing
$1,699,000
 $9,121 est/mo Sourced by Back At You

5500 Melvin,Tarzana, CA 91356

Tarzana, CA 91356

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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.

Details

MLS #SB26141647
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site74
Listing Provided ByLuxury 1 Agency | James Becker

Features

Acreage0.46
Property ViewYes

Exterior

Lot FeaturesZero To One Unit Acre

Location

Community FeaturesFoothills, Street Lights

Area Information

StateCA
CountyLos Angeles
CityTarzana
Zip Code91356
AreaTAR Tarzana
Listing VS Median (in 91356)
Price:
$1,699,000
low | high
Med:
$3,750
100% of Average
On site:
74
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 91356

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Learn More About This Property

StateCA
CountyLos Angeles
CityTarzana
Zip Code91356
AreaTAR Tarzana
Listing VS Median (in 91356)
Price:
$1,699,000
low | high
Med:
$3,750
100% of Average
On site:
74
low | high
Med:
6
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.274M - $2.123M
sqft: 0 - 0
Listing Updated: September 12, 2026 at 8:14:43 AM PDT
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