Located in one of Lake Balboa's most desirable pockets, just one block from the sought-after Lake Balboa Park, this home is a rare find for investors or buyers eager to create their dream residence. Inside, you'll find original hardwood floors, a permitted bonus sunroom, and an updated plumbing system. The detached garage features a large extension, perfect for a workshop, studio, or additional storage. And for something truly unique, the property boasts an underground fallout shelter you have to see to believe. The expansive lot is larger than most in the neighborhood, offering endless potential for outdoor living, gardening, or future expansion, or an ADU. Enjoy easy access to multiple golf courses, the Encino Farmers Market, the Japanese Garden, Sepulveda Basin Dog Park, and more. With its prime location and exceptional potential, this home is ready to be transformed into something extraordinary.