4943 Palomar Drive, Tarzana, California 91356, Tarzana, 91356 - 4 bed, 4 bath

4943 Palomar Drive, Tarzana, California 91356 home-pic-0
ACTIVE$2,798,000
4943 Palomar Drive, Tarzana, California 91356
4Beds
4Baths
3,047Sqft
19,257Lot
Year Built
1954
Close
-
List price
$2.8M
Original List price
$3.1M
Price/Sqft
$918
HOA
-
Days on market
-
Sold On
-
MLS number
SR25011151
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 43% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.80M(84th), sqft - 3047(54th), beds - 4(50th), baths - 4(51th).

Seller financing is possible - call for details!! One of a kind hard to find sprawling park-like grounds (with room for ADU) south of the boulevard, this reimagined and expanded single-story home blends classic ranch charm with modern luxury and stands out distinctively in the highly sought-after neighborhood. A private, long driveway and meticulously landscaped grounds lead to a welcoming double-door entry. Inside, a formal foyer opens to a grand open floor plan, showcasing a picturesque living room with views of the stunning backyard. The spacious adjoining family room is perfect for both intimate gatherings and large-scale entertaining. The brand-new kitchen is equipped with top-of-the-line appliances, a large center island, and modern amenities, all flowing seamlessly into the dining area. A versatile multi-purpose room with a walk-in closet and a newly designed bathroom serves beautifully as a guest suite, office, or workout room, with convenient access to the backyard. The primary suite offers a spa-like retreat with a gorgeous walk-in tub, glass-enclosed shower, and a dual-sink vanity. Two additional bedrooms share a large, remodeled bathroom. Step outside to an awe-inspiring, expansive backyard—a rare gem. Featuring a large re-plastered swimming pool, new pool equipment and filter, firepit, mature landscaping, and a flat pad above that’s perfect for an ADU or possibly a pickleball court! Don’t miss this incredible opportunity!

Nearby schools

3/10
Tarzana Elementary School
Public,K-51.2mi
3/10
Vanalden Avenue Elementary School
Public,K-51.6mi
6/10
Newcastle Elementary School
Public,K-52.6mi
8/10
Lanai Road Elementary School
Public,K-53.6mi
6/10
Gaspar De Portola Middle School
Public,6-80.9mi
5/10
Woodland Hills Charter Academy
Public,6-82.0mi
5/10
William Mulholland Middle School
Public,6-83.5mi
3/10
William Mulholland Middle School
Public,6-83.6mi
4/10
Reseda Senior High School
Public,9-122.5mi
Condition Rating
Excellent

Despite being built in 1954, this property has undergone an extensive and recent renovation, described as 'reimagined and expanded.' The kitchen is explicitly stated as 'brand-new' with 'top-of-the-line appliances' and 'modern amenities,' which is visually confirmed by the sleek white cabinetry, large island, and stainless steel appliances. All bathrooms are either 'newly designed' or 'remodeled,' featuring modern fixtures, tiling, and vanities, including a 'spa-like retreat' primary bath. The flooring appears to be new wood or LVP throughout, and light fixtures are contemporary. The overall condition, particularly the key areas of kitchen and bathrooms, reflects a property that is virtually new and meets current quality standards with no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19257, living area = 3047.
Expansive & Versatile Grounds: The property boasts sprawling, park-like grounds with a large, re-plastered swimming pool, firepit, mature landscaping, and a flat pad suitable for an ADU or pickleball court, offering significant outdoor living and expansion potential.
Modern Interior Updates: The home features a brand-new kitchen with top-of-the-line appliances and a large center island, along with newly designed and remodeled bathrooms, blending classic ranch charm with modern luxury.
Flexible Living Spaces: An open floor plan, spacious family room, and a versatile multi-purpose room (guest suite, office, or workout room) provide ample space for various needs and entertaining.
Desirable Location: Situated south of the boulevard in a highly sought-after Tarzana neighborhood, offering a prestigious address and community appeal.
Seller Financing Option: The availability of seller financing can be a significant advantage, offering flexible purchasing terms and potentially broader buyer appeal.

Cons

Lack of Views: The property explicitly states 'None' for views, which may be a drawback in a desirable area like Tarzana where panoramic or scenic views are often sought after and present in comparable properties.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $3.098M to $2.798M, which could indicate initial overpricing or a longer time on the market.
Older Construction: Built in 1954, despite recent renovations, the underlying structure and systems may be older, potentially leading to unforeseen maintenance or upgrade costs beyond the cosmetic updates highlighted.

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