Exceptional Development Opportunity South of the Boulevard! Located in highly desirable Woodland Hills, approximately half a mile from Calabasas, this charming 2-bedroom, 1-bath home sits on a spacious 6,250-square-foot lot and offers an incredible opportunity to build a substantial new residence while enjoying the existing home in the meantime. Approved plans and building permit are now in place for an approximately 2,903-square-foot, 4-bedroom, 4-bathroom home, plus a 335-square-foot ADU. The thoughtfully designed plans feature impressive 12-foot ceilings on the lower level, 10-foot ceilings upstairs, and two balconies, creating a spacious and modern residence. The existing 1-car garage may also offer potential for conversion to a Junior ADU, subject to applicable approvals.For buyers who aren't ready to build immediately, the existing home is move-in ready and full of charm, featuring an open living and dining area with wood-beamed ceilings and a brick fireplace, an updated kitchen, two generously sized bedrooms, ductless A/C, and a private backyard. A long gated driveway provides ample off-street parking.Set on a quiet, tree-lined street with convenient access to Ventura Boulevard, shopping, dining, recreation, schools, and nearby Calabasas, this property offers flexibility for both today and the future. A rare opportunity to purchase a South of the Boulevard property with approved plans and building permit already secured saving the next owner significant time and effort in the development process.