A rare RD 1.5 development opportunity in the heart of Lake Balboa. Welcome to 6467 Woodley Ave, a charming single-story home located in the desirable Lake Balboa / Van Nuys neighborhood. This 3-bedroom, 1-bath residence offers approximately 1,176 sq ft of living space on a generous 7,000+ sq ft lot, presenting an excellent opportunity for homeowners, investors, or developers. The home features a functional floor plan with comfortable living spaces, abundant natural light, and great potential to update or expand. The spacious lot provides plenty of room for outdoor living, entertaining, or future possibilities such as an ADU (buyer to verify). Ideally situated just moments from parks, golf courses, shopping, dining, and major freeways, including easy access to the nearby Woodley Lakes Golf Course and Lake Balboa Park, offering scenic walking paths, recreation, and open green spaces. With its prime location and strong potential, this property is a fantastic opportunity in one of the San Fernando Valley’s most convenient neighborhoods.