EXQUISITE GATED TOLUCA LAKE COMPOUND ON A RARE, EXPANSIVE FLAT 3/4 ACRE (APX) LOT WITH A GRAND TWO-STORY GUEST HOUSE AND UNMATCHED UPSIDE. A truly exceptional offering in the heart of Toluca Lake, this Spanish-Mediterranean estate with timeless Santa Barbara influence spans approximately 6,100 sq ft (apx) in the main residence, complemented by an extraordinary, fully independent 2,500 sq ft (apx) two-story guest house, creating a one-of-a-kind compound with incredible flexibility and future potential. Set on a rare, sprawling flat 3/4 acre (apx) lot, the property presents a unique opportunity to expand, reimagine, or add additional structures/ADUs, an increasingly valuable asset in this coveted neighborhood. The impressive guest house is a standout feature unto itself, offering two full levels, each with 2 bedrooms, 1 bath, and its own kitchen and laundry. Ideal for multi-generational living, creative workspaces, private offices, or significant income potential. Overlooking the resort-style pool and lush grounds, it lives like its own private residence. The main home blends warmth and sophistication, featuring 5 bedrooms and 5 baths, a dedicated office with a kitchenette, a distinctive turret room with a private entrance, a gym, and a tucked-away theater for a true at-home cinematic experience. A custom "Catio" adds a thoughtful and unique touch for pet lovers. At the heart of the home, the gourmet kitchen features a granite island, premium stainless-steel appliances, and custom maple cabinetry, flowing seamlessly into elegant living and entertaining spaces. The primary suite is a private retreat with dual oversized walk-in closets, Italian marble vanities, and a spa-inspired bath with a jetted tub. The grounds evoke a private resort, with multiple courtyards, an arched rose garden, an elevated gazebo, a tranquil waterfall, a Spanish-style saltwater pool and spa, and a freestanding pool house/bath designed for effortless indoor-outdoor entertaining. Additional highlights include an oversized garage with ample parking, seven fireplaces, copper plumbing, a concrete Spanish tile roof, smooth ceilings, multiple HVAC zones, tankless water heaters, a water filtration system, indoor/outdoor surround sound, Cat 5 wiring, and two large storage structures. Located just moments from Toluca Lake Village, studios, and top dining, this rare flat-lot compound with a substantial guest residence and development potential is a truly irreplaceable offering. Seller financing available. Please inquire.