Here's an absolutely spectacular value in prime Los Feliz situated on one of Franklin Hills' most coveted streets in one of the city's overall hippest and hottest neighborhoods. This is a special offering boasting over 2200 square feet of living space and positively dynamite city and canyon views - an ideal property for the savvy investor or end owner-user who has been looking to create a dream home or ultimate Los Feliz compound. Located just a few blocks from the landmark Shakespeare Bridge, and a short stroll to Hillhurst Ave's abundance of destination restaurants and shopping (All Time, Little Dom's, McCall's Meat & Fish Co., Alcove Bakery & Little Bar, Stamp Proper Foods, MessHall), the potential here is truly limitless. This lovely home is walled and very private in the front, featuring an attached garage and an enclosed front patio area. Its inviting floorplan features three levels currently. The main level houses the living room w/fireplace, dining room, kitchen, sun room, powder room, and most importantly, sliding glass doors that beckon you to a spacious and inviting deck off the living room with jawdropping views that could easily double as an showstopping outdoor living room/dining room. Upper level features two bedrooms with additional potential bonus rooms/closets (including Griffith Park Observatory views) and a shared full bathroom. Lower level adds a family room, laundry room and 3rd bedroom (and potentially full bathroom). There is a large patio off the lower level family room and the terraced backyard brimming with possibilities could easily be transformed into an entertainer's Southern California's paradise. This unique home features many character details that are eagerly waiting to be restored to their natural beauty - original casement windows, hardwood floors, paneled wooden doors with vintage doorknobs, period archways, and a Magnesite staircase - among others. This is a must-see as it presents an opportunity for tremendous upside that does not come along often in LA's fast-paced real estate market.