A prime investment opportunity, situated mid-block on a palm tree lined street, moments from Los Feliz, Franklin Village, and the best amenities in Hollywood. This 8,392 sf flat lot, zoned RD1.5-1XL, is ideal for redevelopment or reconfiguration of the existing two story Craftsman with accessory structure and garage conversion. The main home currently is configured with 5 bedrooms and 3 bathrooms, with original exterior architecture intact. A converted garage and accessory addition are situated along the back of the lot, with spacious front and back yard areas plus gated off street parking for multiple vehicles. Multiple redevelopment opportunities include a previously entitled 9 unit TOC building or lower density 5 unit luxury apartment concept, or build up to 13 primary dwelling units by utilizing CHIP Transited Oriented Incentive Area programs - Buyer to verify all potential future development opportunities with appropriate professionals. Located in a vibrant neighborhood, where Los Feliz meets East Hollywood. Walking distance to Franklin Village, Gelson's, La Poubelle, Upright Citizen's Brigade, Lazy Acres, Bolt EaHo. Less than 1 mile from Netflix's Hollywood Campus, Sunset Bronson Studios, and Columbia Square, with quick access to the 101 freeway, multiple transit lines, and the Hollywood and Western Red Line Station. Property conveyed in as-is condition and will be vacant at close of escrow. Drive by only, do no disturb occupants. Please call Listing Agent for more information or to request Offering Memorandum.