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.