On the heels of his historic partnership with Sony Pictures Entertainment to launch 1868 Studios, Latin music superstar Rene “Residente” Perez Joglar is unsurprisingly setting down real estate roots in Los Angeles. The four-time Grammy and 25-time Latin Grammy award winner has paid $5.8 million for a decidedly sophisticated estate in prime Encino, the leafy San Fernando Valley neighborhood wildly popular with Hollywood celebrities and other entertainment types.