Located in the highly desirable Lake Hollywood Knolls, this classic Spanish-style home was built in 1933. It has not been on the market in 30 years and has had only two owners. Upon entering, you will notice the classic arched doorways, hardwood floors, and a gracious foyer with a dramatic curved staircase leading to a grand room with an impressive fireplace, stained glass, high beamed ceilings, and abundant natural light. There is a balcony deck off the grand room with pleasing views, a perfect spot for morning coffee or an afternoon beverage. The dining room is spacious, with a wall of windows. The kitchen is a study in design! There is a large center island, loads of cabinet space, natural stone countertops, a Viking range, a Sub-Zero refrigerator, and an eat-in kitchen area. Also found on the main floor is a large den/office with views and direct entry to the garage. Located in the entry area is a powder bathroom. On the lower level are three bedrooms, two bathrooms, a family or game room, and an oversized laundry area with tons of storage. All bedrooms are good-size. This level also enjoys a large outdoor balcony. An additional bedroom and bathroom are on the bottom level with a separate outdoor entrance. Outdoors, the possibilities are endless! The huge lot size consists of three individual lots with APN numbers totaling approximately 12,480 feet. There is room for a guesthouse/ADU/casita and a pool. The location is excellent, with walking distance to hiking trails, the lake, the Hollywood Sign, and even a park for children and dogs to play. Shopping, restaurants, Trader Joe’s, Whole Foods, and Ralphs are 5 minutes away. Please note: This home is sold as-is and needs updating/remodeling. The fireplace is decorative. This is a perfect opportunity for an end-user (buyer) with the vision and resources to make it their own or an investor-buyer with the money to flip.