Just Reduced $100K!! This is an amazing opportunity to own a home in the coveted Lake Hollywood Knolls. This wonderful home is a cosmetic fixer, but the upside potential is fantastic! It is aggressively priced to sell! This is the lowest price home in Lake Hollywood! The main floor has a nice-sized living room with a fireplace, a dining room, a large eat-in kitchen with tile counters, and ample cabinet space. There are two bedrooms and 1 1/2 bathrooms on the upper main floor. There are two outdoor decks with gorgeous views of the Wisdom Tree, and Cahuenga Peak. A spacious private and walled patio is in front of the home, perfect for hosting dinner parties or a play area for kids. Additional sleeping quarters in a room off the living room could be used as a den or office. As a bonus, the third bedroom can be used as a guest suite. It has a direct entry and a private outside entrance. It is a large suite with a bedroom, full bathroom with tub and separate shower, loft, huge walk-in closet, kitchen, and fireplace. It also has direct entry to the charming, private backyard with a Koi pond. There are beautiful hillsides, mountains, and city views. The backyard is serene and private. There is even a large outdoor storage house that could be useful as an office, Yoga, playroom, or just for good storage. Note: The pricing on this home has taken into consideration that the tree on the front patio has roots that have pushed up some flooring. (Attention will be needed to level some of the floors if desired.) Also, fireplaces have been used, but they are considered decorative. It is a fantastic location on a cul-de-sac street, within walking distance to hiking trails, the walk around the lake, the Hollywood Sign and Wisdom Tree hike, and more! A dog park is nearby, and you’re only five minutes away from Trader Joe’s, Whole Foods, Ralphs, Von’s, and LA Fitness. A plethora of restaurant choices are available within minutes in charming Toluca Lake.