Welcome to 4996 Llano Drive, a unique and versatile property located in one of Woodland Hills' most desirable neighborhoods. Situated on an expansive 22,386 square foot lot, this 3-bedroom, 2-bathroom home offers 2,218 square feet of interior living space and incredible potential for both personal enjoyment and future development. With Senate Bill 9 in effect, this oversized lot presents a rare opportunity to subdivide the property or build a second residence or guest house offering valuable flexibility for homeowners, developers, or investors. Inside, you'll find breathtaking views from nearly every window, an inviting layout with two decorative fireplaces, and charming architectural touches like an arched window between the kitchen and living room. Outside, enjoy a large backyard oasis featuring a pool, jacuzzi, and spacious deck perfect for entertaining or relaxing in total privacy. The home is located within the boundaries of the award-winning Woodland Hills Elementary Charter School, making it a great fit for families seeking top-tier education. Adding to the appeal is the area's exciting evolution with the upcoming Rams Village at Warner Center, anchored by the Los Angeles Rams' new training headquarters. This dynamic mixed-use development will include residences, retail, office space, a hotel, indoor entertainment venues, and expansive public park poised to elevate the entire community. Don't miss this exceptional opportunity to own a property full of character and potential in one of the Valley's most sought-after neighborhoods.