Located in a highly desirable pocket of Tarzana, this rare property offers an exceptional opportunity for investors, builders, or end-users looking to create a custom estate on a 30,394 sq ft lot. The existing improvements include a 2,545 sq ft main residence featuring 3 bedrooms and 3 bathrooms, along with a detached 1-bedroom, 1-bathroom guest house and a large private pool. The property is in need of repairs and is being sold primarily for land value. Surrounded by a neighborhood experiencing strong redevelopment, many nearby properties are being torn down and replaced with new luxury construction, with nearby homes selling for north of $5.5 million, supporting significant upside potential. The expansive, usable lot provides ample space for new development, expansion, or a complete reimagination of the property. Opportunities like this are becoming increasingly difficult to find—large, usable lots in Tarzana with redevelopment momentum are extremely limited. Conveniently located near Ventura Blvd, shopping, dining, and with easy access to major freeways, this property presents a unique chance to invest, build, or create a dream home in one of the Valley’s most sought-after neighborhoods.