Experience the rare opportunity to own a versatile property in the highly coveted Melody Acres neighborhood of Tarzana! This gated and private estate features two homes on a sprawling 17,001 sq ft flat lot, offering endless possibilities for multi-generational living, rental income, or potential lot splitting for investors. The main home has collected rent for $6,500/month while the ADU was rented out for $4,500/month. The primary residence, a charming ranch-style home spanning approximately 1,966 sq ft, boasts 3 bedrooms and 2.5 updated bathrooms. The beautifully remodeled kitchen is a chef's dream, equipped with stainless steel appliances, including a refrigerator, electric double oven, gas range, dishwasher, wine cooler, washer, dryer, and two sinks. The spacious living room and formal dining area, with gleaming hardwood floors and a wall of windows, open to a patio and a lush backyard filled with mature fruit trees--perfect for hosting and entertaining. The secondary home, a stunning two-story ADU of approximately 1,000 sq ft, offers complete privacy with its own entrance, backyard, and storage space. Inside, you'll find soaring ceilings, a cozy fireplace, a skylight, and hardwood floors. French doors lead to a large wood deck, seamlessly blending indoor and outdoor living. This home includes 2 generously sized bedrooms, 2 updated bathrooms, a remodeled kitchen, and a laundry area with a washer and dryer. The upstairs bedroom serves as a tranquil retreat with a walk-in closet and enhanced privacy. Both homes are designed for functionality and seclusion, with the rear home providing an ideal rental opportunity to offset mortgage costs. The expansive lot includes grassy play areas, mature fruit trees, and plenty of room for relaxation, entertaining, or future development. Situated in an unbeatable location, this property is within walking distance of renowned restaurants, shops, entertainment, and places of worship. It's also conveniently close to the Westfield Topanga Mall/The Village, colleges, parks, schools, and major freeways. Don't miss the chance to own this one-of-a-kind property in the heart of Melody Acres--offering space, privacy, and limitless potential!