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 future connectivity potential. Established neighborhood with premium zip code recognition.Perfect for multi generational families seeking space and privacy, buyers wanting estate-sized entertaining capabilities, investors interested in future development opportunities, or those seeking a unique compound with established character.Private showings by appointment. 4th bedroom permit pending final inspection.BUYER VERIFICATION REQUIRED: All information regarding zoning, development potential, ADU possibilities, SB9 eligibility, permits, transit plans must be independently verified by buyer. Property information deemed reliable but not guaranteed. Buyer responsible for all due diligence regarding development possibilities and restrictions.
Days on market: 4
Listing updated: July 01, 2025 - 02:56:07
Listed by: Hunter Plescia DRE #01341632 888-787-8808, Balboa Real Estate, Inc - Orange County
Source: Orange County, MLS#: J02049 Originating MLS: CRMLS
Make an offer
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-07-02 17:04:22 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
