Rayneta Dr Nestled in the sought-after Sherman Oaks Hills neighborhood south of Ventura Boulevard, this 0.16-acre vacant lot (approximately 7, 106 square feet) presents an exceptional opportunity for developers, builders, or owner-users looking to create a custom residence in one of Los Angeles' premier areas. Zoned LAR1 (Low Residential, suitable for single-family homes), the property features a gentle upslope terrain, making it one of the more buildable lots in the region.Key highlights include pre-approved geology and soils reports, a recent survey, and architectural plans for a proposed 2, 800 square foot modern homepositioning the site close to Ready-to-Issue (RTI) building permits for streamlined development. The lot's elevated position offers potential for captivating views of city lights and nearby greenbelts or parks, enhancing its appeal for a dream hillside retreat.This raw land parcel emphasizes value in its prime location, with easy access to Sherman Oaks' vibrant amenities, top-rated schools (including those in the Los Angeles Unified School District), hiking trails, and major freeways. No existing structures or fireplaces are present, providing a blank canvas for your vision. Seller is open to carry-back financing with agreeable terms.