Welcome to a truly exceptional opportunity in Granada Hills, where timeless character, modern upgrades, and everyday convenience come together on an expansive 8,100 sq ft corner lot in a quiet north-of-Rinaldi neighborhood. Rarely available, this versatile property features two fully permitted residences with separate addresses (11529 & 11531 De Celis Place) ideal for multi-generational living, extended family, or income potential. Together, the property offers 5 bedrooms, 3 bathrooms, and 1,926 sq ft of total living space. The main residence spans 1,486 sq ft and includes 4 bedrooms and 2 bathrooms with a thoughtfully designed layout that balances comfort and functionality. Recent improvements include fresh interior paint, new luxury vinyl plank flooring, a remodeled primary bathroom shower, a new HVAC system, a new roof, and a newer sewer line. Light-filled living and entertaining spaces create a warm, inviting atmosphere throughout. Step outside to a lush and private rear yard featuring a large covered patio, manicured lawn, mature landscaping, and a generous gated side yard perfect for storage, gardening, or additional outdoor flexibility. Adding exceptional value is the fully permitted ADU completed in 2023. This beautifully designed 1-bedroom, 1-bath residence offers 440 sq ft of living space with vaulted ceilings, abundant natural light, and a full kitchen with stackable washer and dryer. The ADU also includes a cozy living area, a spacious ensuite bedroom, mini-split heating and cooling, separate electric meter, private front entrance and patio, and a gated side yard providing privacy and independence for occupants. Additional highlights include freshly painted exteriors, separate 200-amp electrical panels for both residences, and a truly turnkey setup for the next owner. Located in a well-established community near the Knollwood Country Club & Golf Course, residents enjoy access to highly regarded schools, nearby shopping and dining, parks, scenic hiking trails, and convenient freeway access. This rare gem delivers flexibility, long-term value, and lifestyle an opportunity not to be missed.