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Listed by James Becker, DRE #01422745 • Luxury 1 Agency
$ 1,800,000
Est. payment /mo
Price Dropped by $100K
5500 Melvin Tarzana, CA 91356
0.46 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26141647
Lot Size 0.460 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property 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. Bu
Location
State CA
County Los Angeles
Area Tar - Tarzana
Zoning D0,LY
Exterior
View Canyon, City Lights
Building
Water District - Public
Others
Tax ID 2164016023
Special Listing Condition Not Applicable
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