EXCEPTIONAL ESTATE OPPORTUNITY: RARE 26,000 SQ FT LOT - LAKE BALBOA ADJACENT DUAL APPEAL: Premier Family Estate + Future Development Potential Extraordinary 26,000 sq ft flat compound offers 5x the space of typical LA residential lots, creating endless possibilities for luxurious family living. Historic 1933 main residence (2,675 sq ft, 4BR/2BA) showcases authentic character with hand-painted tile floors and thoughtful updates throughout.ESTATE FEATURES: Resort-style pool with mature, private landscaping. Bonus studio structure ideal for guest quarters, home office, or creative space. Multiple fruit trees and established gardens. Children's play area and abundant recreational space. U-shaped driveway with dual gates for easy ingress/egress and extensive parking throughout compound. Gated privacy with room to breathe.PRIME LOCATION: Premium 91406 zip code with established neighborhood character adjacent to Lake Balboa recreational amenities. Well-maintained infrastructure with all utilities in place. Strategic location approximately 0.5 miles from proposed Sepulveda Transit Corridor station.DEVELOPMENT POTENTIAL: R1-1/RS-1 dual zoning may present opportunities for ADU development, potential lot split opportunities under SB9 legislation, phased development, and multi-generational compound expansion. Previously under contract in 2023 at $1.8M demonstrating strong market interest.INVESTMENT HIGHLIGHTS: 26,000 sq ft of flat, usable land increasingly rare in Los Angeles. Historic designation verified - property not listed in State historic database. Transit-oriented location with