Newly renovated 3-bed, 2-bath home, plus a fully permitted 1-bed, 1-bath ADU, on a large lot of over 10,000 sq ft, in the highly sought-after Walnut Acres neighborhood. This one-of-a-kind, turn-key property offers incredible flexibility for multi-generational living, working from home, or generating rental income to help pay the mortgage. The main house has a smart layout of roughly 1500 square feet, with the primary en-suite on one side and two additional bedrooms and a shared bath on the other. There are two fireplaces and a flexible den space that can be used as an office or playroom. The ADU is an inviting, completely unattached home of roughly 700 square feet, with vaulted ceilings throughout, an open kitchen/living room floorplan, a wood-burning fireplace, a spacious bedroom with a walk-in closet, and its own outdoor deck. (The combined total square footage for front and rear is approximately 2,200 square feet. This estimated square footage is based on existing permits; buyer to confirm square footage.) This property has been well maintained and features significant high-value renovations within the last 24 months, including 2 electrical 200 amp panels with separate electric and gas meters, central heat and air system in the front house (the central heat and air system in the back house was also replaced within the last 4 years), numerous kitchen, bathroom and lighting upgrades, luxury vinyl flooring throughout most surfaces, and an automatic security gate. A generously sized double-car garage with extra storage, parking, and a large grassy yard completes this wonderful compound, leaving room for expansion, a pool, or an additional junior ADU. Surrounded by multi-million-dollar homes, there is still room to further improve the property and build equity. Do not miss out on this remarkable opportunity! Walnut Acres offers highly ranked schools, walkability, and convenient access to the 101 Fwy; it is located just minutes from Calabasas shopping, dining, and amenities.