A rare Lake Balboa offering featuring a 3-bedroom, 2-bath main residence and a permitted 1-bedroom, 1.5-bath second dwelling unit. With two separate addresses, it provides exceptional flexibility for multi-generational living, rental income, or extended family use. Set behind remote-controlled electric gates, the property sits far back from the street on a 10,000+ sq ft lot with a long gated driveway, offering privacy and impressive curb appeal. The main residence offers a spacious and functional layout with a living room, family room, dining area, and full kitchen with quartz countertops. Interior updates include recessed lighting, smooth ceilings, and custom tile flooring throughout. A bonus room with a separate entrance adds flexibility and can be easily integrated into the main home. The second unit features a primary bedroom with private bath, guest half bath, large living area, full kitchen with quartz countertops, high ceilings, and access to a balcony and sun deck. The second unit benefits from separate water, gas, and electric meters and has its own address, offering privacy and independence. In addition, the property includes an existing converted area within the main structure that was originally a garage and recreation room. This space is currently improved with a kitchen, living area, bedroom, and bathroom; however, these improvements were completed without permits for their current use. Due to its location within the main residence and existing layout, this area may offer potential to be reconfigured as an ADU, subject to buyer verification, permits, and appro