**Exceptional South of the Boulevard Opportunity in Prime Tarzana** Located south of Ventura Boulevard in one of Tarzana's most desirable neighborhoods, this property presents a rare opportunity for investors, developers, or end users seeking to create something truly special. Set on a desirable lot with excellent underlying fundamentals, this approximately 3,499-square-foot residence offers 5 bedrooms and 4 bathrooms, providing the ideal canvas to renovate, reimagine, or build your dream home. The main residence features desirable single-story living with 4 bedrooms and 3 bathrooms, expansive living areas, and a functional floor plan ready for a modern transformation. Above the garage, a separate 5th bedroom and full bathroom offer excellent flexibility for guests, a home office, studio, or potential income-producing space. The private backyard is highlighted by a swimming pool and generous outdoor space, creating the perfect setting to design an exceptional indoor-outdoor lifestyle and entertainer's retreat. Whether you're looking for your next value-add investment, development opportunity, or the opportunity to customize a home in one of Tarzana's premier South of the Boulevard locations, this property offers outstanding potential. Conveniently located just moments from Ventura Boulevard's acclaimed restaurants, boutique shopping, and everyday amenities. **Property is being sold in its present "as-is" condition, offering an exceptional opportunity to renovate, remodel, or redevelop in a highly desirable South of the Boulevard location.** *Some listing photos have been digitally enhanced, including a virtual twilight image.*