A rare opportunity in the heart of Lake Balboa! This property offers unique versatility for multi-generational living, rental income, or creative use. This private, electric-gated multi-unit property offers exceptional flexibility, extensive upgrades, and impressive curb appeal. Main Home (2 Bed / 1 Bath): Spacious living room, family room, dining area, and full kitchen with quartz countertops. Updated with recessed lighting, smooth ceilings, and 18-inch custom tile flooring throughout. Second Unit (1 Bed / 1 Bath – nonconforming unit): Located on the ground floor, this suite includes a large living area, kitchenette, primary bedroom and private full bath—perfect for extended family or guests. Third Unit (1 Bed / 1.5 Bath – Upstairs): Features a primary bedroom with a private full bath, sun deck, balcony, large living room, full kitchen with quartz countertops, and guest half bath off the entry hall, high ceilings. Separate meters for water, electricity and gas, separate address 6650 Gaviota Ave. Each unit has a separate entrance. Major Upgrades Include: Full copper plumbing, including main line from street to home, newer composition shingle roof, Upgraded 200-amp electrical panel and rewiring, Newer gas line from city main to property, Recessed lighting and smooth ceilings throughout, Pre-wired home theater in two rooms, 8-camera security surveillance system, Exterior Features: Oversized boat garage with approximately 11-foot clearance, deep driveway with approximately 130-foot setback from security gates to the home, and a private, secure setting rarely found in this area, huge workshop. Conveniently close to Lake Balboa Park, Golf Course, Japanese Garden, off-leash dog park, and FlyAway Bus Terminal for frequent flyers. Easy access to freeways, shopping, dining, and entertainment. A must-see Lake Balboa gem with unbeatable access and privacy!