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Tarzana, CA

$1,800,000

5500 Melvin, Tarzana, CA
25
Days listed

About this home

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.

Facts & features

Exterior & lot
Lot size
0.46 acres (20,025 sq ft)
View
City Lights, Canyon
Community
Area
TAR - Tarzana
County
Los Angeles
Community features
Foothills, Street Lights
Listing details
Status
Active
Property type
Land
Days on market
25
Listed
2026-06-29
Original price
$1,900,000
Terms
Cash, Cash To New Loan, Subject To Other
Parcel #
2164016023
MLS #
SB26141647
Listed by
James Becker · Luxury 1 Agency

Location

Price history

Listed
$1,900,000 · 2026-06-29
Price reduced
$1,800,000 (−$100,000)
Days on market
25
Current price
$1,800,000
Financing

Could this home be yours?

Estimated monthly payment
$11,292
$9,102 principal & interest · $2,190 taxes & insurance
$360,000
Estimate only
Loan $1,440,000

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Listing data provided by CRMLS

Listing courtesy of Luxury 1 Agency. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Last updated July 27, 2026 Equal Housing Opportunity.

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