Private Flag Lot Land
For Sale
$1,900,000
5500 Melvin, Tarzana, CA 91356
Private flag lot listed for sale with a pending SB 9 subdivision and a prepared conceptual development study.
Property SizeContact for details
Days on Market42
Property Features for 5500 Melvin
General Information
Standard status
Active
Property subtype
LAND
Listing Agency:
Luxury 1 Agency
Listed By:
James Becker · License #01422745
Source:
Milsteinestates
Added: Jun 29
Changed: Aug 8
Last Checked: Jul 6 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luxury 1 Agency
Investment Insights
Based on property information with market context.
For sale: an approximately 20,035 SF private flag lot in Tarzana, positioned for hillside-style privacy as described in the offering materials. 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 assembled a comprehensive Offering Memorandum available upon request, including a preliminary development study, conceptual photorealistic renderings, and a topographic survey. The conceptual renderings depict an approximately 4,000 SF contemporary luxury residence with an ADU, along with features such as an infinity-edge pool and expansive indoor-outdoor living spaces, with Valley view orientation as presented in the concept (subject to Buyer verification and governmental approvals).
Buyer is responsible for independently verifying all information related to lot size, subdivision status, zoning, development potential, utilities, easements, grading requirements, permits, and all governmental approvals.
The Seller has assembled a comprehensive Offering Memorandum available upon request, including a preliminary development study, conceptual photorealistic renderings, and a topographic survey. The conceptual renderings depict an approximately 4,000 SF contemporary luxury residence with an ADU, along with features such as an infinity-edge pool and expansive indoor-outdoor living spaces, with Valley view orientation as presented in the concept (subject to Buyer verification and governmental approvals).
Buyer is responsible for independently verifying all information related to lot size, subdivision status, zoning, development potential, utilities, easements, grading requirements, permits, and all governmental approvals.
Key Highlights
- Approximately 20,035 SF private flag lot in Tarzana hillside neighborhood with panoramic Valley view potential.
- Property is being created through a pending SB 9 subdivision; Final Parcel Map is currently in process of recordation.
- Offering Memorandum available upon request, including a preliminary development study and topographic survey.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 91356, CA
30,664
Population
12,715
Households
2.4
Avg Household Size
43
Median Age
56%
College-Educated
94%
High-School Grad
7.3 sq mi
ZIP Area
4,201
Density / Sq Mi
$110,094
Median Household Income
$60,504
Median Earnings
$2,027
Median Rent
$1,177,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Private flag lot listed for sale with a pending SB 9 subdivision and a prepared conceptual development study.
Where is this residential land & home lot located?
The property is located at 5500 Melvin Tarzana, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Approximately 20,035 SF private flag lot in Tarzana hillside neighborhood with panoramic Valley view potential.; Property is being created through a pending SB 9 subdivision; Final Parcel Map is currently in process of recordation.; Offering Memorandum available upon request, including a preliminary development study and topographic survey.
