Nestled in the heart of Toluca Lake, this exceptional property is a rare investment opportunity. Featuring a beautifully remodeled Spanish-style single family front unit and two separate modern units built in 2018, this versatile setup offers charm, elegance, and high income potential. The freestanding 2-bedroom, 2-bath front home is a tranquil retreat, complete with private outdoor living and dining areas, a cozy fire pit, and a serene Moorish water feature. Surrounded by mature, drought-tolerant landscaping, this is an oasis of relaxation. At the rear, the sleek duplex boasts two spacious 2-bedroom, 2-bath units with upscale finishes. Both units have in-unit laundry, private patios, and are independently metered for gas and electricity, offering convenience and privacy. The kitchens feature high-end stainless steel appliances, while the bathrooms are highlighted by stylish subway tile showers, blending modern luxury with timeless design. The upstairs unit even features two balconies, ideal for enjoying the sunny LA weather. Each unit's outdoor space includes lush landscaping, vibrant wall murals, and elegant water features, making them highly desirable for tenants. The property offers ample gated parking and is strategically located near LA's major studios (Disney, Universal, Warner Bros., CBS Radford) and iconic attractions like the Hollywood Bowl and Runyon Canyon. With close proximity to North Hollywood and Universal/Studio City Metro stations, plus easy access to the 134, 101, 170, and 5 freeways, commuting is a breeze. Whether you're looking for long-term stability or short-term rental opportunities, this low-maintenance, high-desirability property is an unbeatable find in one of LA's hottest markets.