Rare opportunity to own a 1/2 acre lot with two separate Addresses on one lot in prestigious Chatsworth with street-to-street access (10427 Variel Ave & 10432 N Milwood Ave)! All on one large lot that is almost 23,000 sqft. This 1,501 SqFt income property features 2 Beds & 1 Bath, along with a 1 bedroom and 1 bath unit generating rental income. Lot also comes with approved plans that is ready to go and build a new construction home. The property boasts high beam ceilings and awaits your personal touch with updates. Embrace the opportunity to create your own paradise on this expansive lot. Equipped with a 2-car detached garage, workshops, and a tack shed, it's perfect for your animals. Upgrades include copper plumbing, an updated 200 AMP electrical panel, and a newer roof. With a multitude of possibilities, you can build, expand, or remodel this home into the horse property of your dreams. Located in a prestigious neighborhood surrounded by multi-million dollar homes, this unique horse property offers unmatched value. Enjoy the convenience of being close to Sierra Canyon private school, Stoney Point Park, horse trails, restaurants, shopping, parks, and schools. Don't miss this chance to own a ranch home in one of Chatsworth's most serene and scenic areas. Act quickly before this opportunity slips away! Schedule a viewing today.