INVESTOR / DEVELOPER OPPORTUNITY! Rare R3-1 zoned property in a prime Van Nuys location featuring a charming Spanish-style 2 bedroom, 1 bathroom bungalow with detached garage and additional storage structure. Property offers excellent potential for redevelopment, expansion, or long-term investment. Existing home features an updated bathroom and newer electrical panel, making it ideal to hold as a rental while planning future development. Per seller's understanding and preliminary information, property may allow for By-Right development of up to 8 units plus 2 detached ADUs and 1 attached ADU. Buyer to independently verify all development potential, zoning, density, ADU guidelines, permits, and usage with the City of Los Angeles Planning and Building Departments. Approximate lot dimensions are 54' x 120'. Property is connected to water, gas, electricity, sewer, paved streets, curbs, and sidewalks. Conveniently located near the 405 Freeway, Van Nuys Airport, FlyAway Bus Terminal, USPS, shopping, dining, and major employment centers. Excellent opportunity for builders, investors, or buyers looking for future upside in a high-demand rental market.