5500 Melvin, Tarzana, CA 91356

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.

Listing Status:

Active

Date Added:

July 1, 2026

Data Last Updated:

July 6, 2026 at 12:16PM

Listing Office:

Luxury 1 Agency : 888-217-4448

Listing Agent:

James Becker : 888-217-4448

MLS ID:

SB26141647

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 2164016023
• View: City LightsCanyonView

Utilities

• Water: Public

Financial

• Source: CRMLS_CRM