Endless possibilities await the Lucky Buyer of this rare find in Sherman Oaks! Situated on a huge quarter of an acre lot in the coveted neighborhood of Library Square, this unique property offers so many options for a variety of uses from development & rental income potential, live-work space for professionals, extended families, or creative arts studio space, and much more! Front house is an adorable 3 bedroom, 1.5 bath home with den, featuring gleaming wood floors, recessed lighting & smooth ceilings. (Currently rented but will be delivered vacant.) The back house (currently occupied by Owner) is a gorgeous sunlit 1+1 with enclosed sun room, custom updated kitchen & bath, spacious living room with rustic beamed ceilings & Italian paver floors, huge bedroom with 2 walk in closets, soaring ceilings, and French doors opening to the yard. Each home boasts their own enclosed and extremely private backyards with patios & faux grass. Several outdoor sitting areas to enjoy the meticulously manicured lush grounds with lovely stamped concrete walkways & driveways. Tall privacy hedges surround the entire lot! Upgrades include newer windows & treatments, doors & roof w/ skylights, EQ retrofitted foundation, & insulated walls & attics, to name a few...Convenience and versatility abound with the ideal location just a block from shopping & dining on Ventura, major grocery stores, also located within a close proximity to freeways & canyons for commuters. What an awesome property to own!