5500 Melvin, Tarzana, CA 91356
5500 Melvin, Tarzana, CA 91356
5500 Melvin, Tarzana, CA 91356
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,900,000
Est. payment /mo
0.46 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26141647

HOA Y/N No

Lot Size 0.460 Acres

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.

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

Area Tar - Tarzana

Interior

Fireplace No

Exterior

Community Features Foothills, Street Lights

View Y/N Yes

View City Lights, Canyon

Building

Lot Description 0-1 Unit/Acre

Water Public

New Construction No

Others

Senior Community No

Tax ID 2164016023

Acceptable Financing Cash, Cash to New Loan, Subject To Other

Listing Terms Cash, Cash to New Loan, Subject To Other

Special Listing Condition Standard

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Listed by James Becker Luxury 1 Agency 310-999-6060, DRE #01422745

NEARBY SCHOOL & BUSINESS

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