PRICE REDUCED! EXCEPTIONAL ESTATE OPPORTUNITY: RARE 26,400 SQ FT LOT - LAKE BALBOA ADJACENT DUAL APPEAL: Premier Family Estate + Future Development Potential. Extraordinary 26,400 sq ft rare flat compound offers 5x the space of typical LA residential lots. Spanish-style main residence (2,675 sq ft, 4BR/2BA) features a desirable downstairs bedroom with adjacent full bath — ideal for relatives, guests, office/studio, or multigenerational living. Large upstairs bedrooms, each with its own walk-in closet. Central air and heating with ceiling fans throughout. Grand fireplace anchors the living space with arched entryways and French doors, creating an elegant flow. Hand-painted tile floors and thoughtful updates complement the authentic character. Owned 6.82 kW solar system, updated HVAC, plumbing, underground utility lines, and modern appliances throughout. Perfect for multigenerational living seeking space and privacy, buyers wanting estate-sized entertaining capabilities, investors interested in future development opportunities, or those seeking a unique compound with established character. ESTATE FEATURES: Resort-style pool and backyard made for entertaining. Bonus detached studio structure with full bath and kitchen, ideal for guest quarters, home office, or creative space. Multiple fruit trees and established gardens for a private mini-orchard feel. Children’s play area and abundant recreational space. U-shaped driveway with dual gates for easy ingress/egress and extensive parking throughout the compound. Gated privacy with room to breathe. PRIME LOCATION: Centrally located close to freeways, shopping, schools, and the amenities of Lake Balboa. Premium 91406 zip code. Strategic location approximately 0.5 miles from the proposed Sepulveda Transit Corridor station. DEVELOPMENT POTENTIAL: R1-1/RS-1 dual zoning. ADU opportunities. SB9 lot split potential. Previously under contract for ED1 conversion — transaction terminated due to buyer missing ED1 qualification deadline. 4th bedroom permit finalized — ZIMAS update pending.