This property is represented by George Ouzounian & Gina Michelle Team | The Agency

Rare development opportunity in the heart of Walnut Acres! Situated on an expansive, nearly half-acre flat corner lot spanning over 19,000 square feet, this exceptional property offers incredible possibilities for builders, developers, and end users looking to create something special in one of Woodland Hills' most desirable neighborhoods. With its generous dimensions, flat topography, and prime corner location, the property presents an outstanding opportunity to build a spectacular custom estate with a resort-style backyard, swimming pool, guest house, and ADU, or explore the potential for multiple residences under California's SB 9 housing law, subject to eligibility and city approval. The existing 1952 residence and detached two-car garage provide a starting point for a complete transformation or an entirely new vision. Architectural plans for a new custom home will be available shortly and may be provided to interested buyers. Surrounded by impressive new construction and beautifully renovated estates, Walnut Acres continues to attract homeowners and developers seeking larger parcels and luxury residential opportunities. Adding to the area's appeal is the exciting transformation of nearby Warner Center, including the Los Angeles Rams' headquarters and the proposed 52-acre Rams Village development, featuring new dining, shopping, entertainment venues, parks, and public gathering spaces. Conveniently located near Walnut Acres Elementary and Woodlake Elementary Community Charter, neighborhood parks, shopping, dining, and everything Woodland Hills has to offer. Whether you're looking to build your dream estate or explore a multi-home development, opportunities with this much flat land in Walnut Acres are increasingly rare. Buyer to independently verify zoning, SB 9 eligibility, subdivision potential, ADU allowances, permits, and all development possibilities with the appropriate authorities.