4
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$1,900,000
Est. payment /mo
0.46 Acres Lot
New
5500 Melvin Tarzana, CA 91356
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26141647
Lot Size 0.460 Acres
Property Sub-Type Lots/Land
Property Description
Rare opportunity to acquire an approximately 20,035 SF private flag lot in one of Tarzanas 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 sites 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.
Location
State CA
County Los Angeles
Direction use google maps
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2164016023
Acceptable Financing Cash
Listing Terms Cash
Listed by James Becker, DRE#01422745 Luxury 1 Agency
NEARBY SCHOOL & BUSINESS
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