Showbiz power couple Jennifer Lopez and Alex Rodriguez just acquired another property, this time in the San Fernando Valley’s Encino neighborhood in Los Angeles, which has been gaining popularity amongst celebs recently (see: Selena Gomez’s light-filled mansion). Built in 1948, the 2,202-square-foot home has gone through extensive renovations — the sleek, open-concept kitchen was just installed this year! The three-bedroom, two-and-a-half bathroom abode is quite a modest purchase for the A-list duo, especially in comparison to their other properties in Manhattan, Malibu, Miami and Bel Air. According to Variety, it’s likely an investment property or for a relative. Scroll down to take a peek inside!