The Clara Alexanian House is a one-of-a-kind offering: a 1933 Spanish Colonial Revival designed by architect James H. Garrott, anchoring a rare 26,000 sq ft flat, street-to-street compound in Van Nuys, adjacent to Lake Balboa. 0.61-acre parcel—roughly 5x a typical LA residential lot. THE RESIDENCE: 2,675 sq ft main home (4 bed / 2 bath) retains authentic period character with hand-painted tile floors and original Spanish Revival detailing, paired with thoughtful upgrades. Generously sized bedrooms; main-floor bedroom + full bath ideal for guests, extended family, or home office. Remodeled upstairs bath. GROUNDS: Resort-style pool framed by mature, private landscaping. Detached accessory studio offers flexible use as home office, guest quarters, or creative space, with potential for ADU conversion subject to permits. Established mini-orchard (lemon, lime, orange, persimmon, calamansi, pomegranate, fig) and abundant flat green space. Horseshoe driveway with dual gates, extensive on-site parking. Fully gated. An entertainer's dream. SYSTEMS: Owned solar, underground utilities, copper plumbing, 200-amp electrical, multi-zone HVAC. Major systems modernized. LOCATION: Established Van Nuys neighborhood with parks, recreation, and dining nearby; Ventura Blvd corridor minutes away. Within the LA Transit Priority Area; approximately 1 mile from the proposed Sepulveda Transit Corridor station. DEVELOPMENT POTENTIAL: (T)R1-1 / (T)RS-1 dual zoning. Lot scale and frontage may support SB9 lot-split opportunities, ADU/JADU additions, or phased compound expansion. ZIMAS notes potential historic significance; no HCM designation or Mills Act in place—preservation incentives may be available subject to buyer pursuit. POSITIONING: Rare combination of scale, era, and architectural pedigree on a flat, fully usable LA parcel—suitable for estate compound living, multigenerational layouts, period-appropriate restoration, ADU/accessory conversion, or SB9 development. Offered as-is, standard sale only. All information regarding zoning, development potential, ADU possibilities, SB9 eligibility, permits, transit plans, and historic status is deemed reliable but must be independently verified by the buyer. Buyer is responsible for all due diligence.