First time on the market in almost 50 years! This intriguing Encino estate offers 3 level pads with the current 1-level traditional house at the top. Surrounded by major estates, this nearly 1 acre property is introduced by a long gated drive that passes a lower-level soccer field-like yard & leads to a middle guest parking area. Continuing up to the top level, you travel through an old growth tree forest to find a magical & ultra-private setting replete with a waterfall fish pond, grassy yard & additional multi-car parking. This unique & captivating home currently has 5 bedrooms; A primary & JR suite with a central den at one end of the house, a guest room w/bath (currently used as a gym) in the middle & a 2 bedroom wing at the other end of the house with a shared full bath. There are also elegant formal living and dining rooms with classic oak built-ins & an entertainer's bar room. Raised beamed ceilings are found in the living, dining & family room off the kitchen. There is a used-brick pool area with deck, sep. spa & cathedral ceiling covered outdoor living/dining area perfect for entertaining. Having had many updates over its long ownership, this home is ready for its next owner to create their dream home through a remodel or rebuild in this incomparable setting. This is a Trust Sale & sold in its current "As-Is" condition with no credits or repairs. Opportunity knocks here with the limitless potential of this property. Now is your chance to own a piece of Encino history. Shown by appt only.