First time on the market in 45 years! A rare opportunity to own a spacious cosmetic fixer South of the Boulevard in the highly desirable Tarzana Hills. Situated on an expansive 19,269-square-foot lot, this approximately 3,400-square-foot split-level pool home offers 5 bedrooms, 3.5 bathrooms, generous living spaces, and exceptional potential to update, personalize, and create added value. Recent improvements include a fully remodeled kitchen, newer roof, updated HVAC system, and newer pool equipment, including the pool heater and filtration system. A rare upper-tier flat pad with potential views of the surrounding hills offers exciting possibilities for a pickleball or sports court, ADU, guest house, home office, or expanded outdoor living space. The home features formal living and dining rooms, a remodeled kitchen with breakfast nook and pantry, and an inviting family room with fireplace and dry bar. The family room, kitchen, fifth bedroom, and spacious primary suite all enjoy direct backyard access. The primary suite offers two walk-in closets, while the fifth bedroom is ideal as an office or guest room. The private backyard features a pool and spa, mature landscaping, and multiple entertaining areas. Ideally located just minutes from Ventura Boulevard's shopping, dining, parks, and entertainment, this is a wonderful opportunity for a buyer with vision to transform a well-located Tarzana Hills property and unlock its full potential.