Incredible rental opportunity in a prime Encino location featuring two separate addresses on one property, offering unparalleled versatility and potential! This privately gated corner lot includes a 5-bedroom, 2-bathroom main house (~1,700 sq. ft.) and a , second unit with 3 rooms, a Theatre room, a office and a largge room with a walk in closet formerly used as a sound room for recording music (~857 sq. ft.), each with its own entrance and mailing address. The main house boasts an updated kitchen, dining room, living room, and in-home laundry, while the guest house offers a flexible floor plan with a movie screening room featuring theater seating and projector wall, as well as a bedroom previously used as a recording studio. Surrounded by mature ficus trees, artificial grass, and low-maintenance landscaping, the gated lot offers privacy and charm, with ample driveway and street parking. Perfect for renters looking to live in one unit and those seeking a creative or professional space. Conveniently located near Balboa Sports Center, Encino Park, Lake Balboa Park, and close to shopping, dining, and freeway access, this property is a rare find!