4807 Ellenita Avenue First time on the market in nearly 40 years! A rare opportunity to own a spacious South of the Boulevard pool home in the highly desirable Tarzana Hills and make it your own. Situated on an expansive 19, 269-square-foot lot, this approximately 3, 400-square-foot split-level home offers 5 bedrooms and 3.5 bathrooms, generous living spaces, and exceptional potential to update and save. A rare upper-tier flat pad with view potential of the surrounding hills further enhances the property, offering unique flexibility to add a pickleball or sports court, ADU, guest house, home office, or expanded outdoor living space. Recent improvements include a fully remodeled kitchen, a newer roof, an updated HVAC system, and newer pool equipment, including the pool heater and filtration system, providing peace of mind while offering the opportunity to personalize the remaining living spaces to your taste. The home features formal living and dining rooms, while the fully remodeled kitchen offers abundant cabinetry, generous counter space, a pantry, and a light-filled breakfast nook. The kitchen flows into the inviting family room with a cozy fireplace and dry bar, creating a comfortable space for everyday living and entertaining. The family room, kitchen, fifth bedroom, and spacious primary suite all enjoy direct access to the backyard, creating seamless indoor-outdoor living. A conveniently located bathroom also opens directly to the backyard, making it ideal as a pool bath and perfect for outdoor entertaining. The primary suite offers two walk-in closets, while the versatile fifth bedroom is ideal as a home office or guest room. The private backyard features a pool and spa with gray flagstone coping, mature landscaping, and multiple entertaining areas. Ideally located just minutes from Ventura Boulevard's shopping, dining, parks, and entertainment, this exceptional property offers the rare combination of location, privacy, space, and potential. A wonderful opportunity to create your dream home in one of Tarzana's most sought-after South of the Boulevard neighborhoods.