Nestled in the prime Los Feliz Estates hills, this charming traditional-styled residence captures the true essence of timeless architecture awaiting a remodel into one of the most stunning estates in the neighborhood, featuring hardwood parquet flooring, walls of glass, soaring ceilings, grand rooms, and 3 stories of luxury living. Sited on a 13,800 SF street-to-street lot, its charming facade and entry features grand curb appeal with lush landscaping and privacy. Set amidst the incredible city and canyon views, the home's living spaces include a grand formal living room once used as a ballroom, a separate dining room, a library/study, and 5 well-appointed bedrooms and 6 bathrooms throughout its 4,453 square feet. The 3rd story is an ideal guest apartment with its own separate entrance, kitchenette, and separate living area. Enjoy the very best of indoor/outdoor living with a series of enormous decks and balconies totaling 1000 SF. The backyard features a glistening pool, rose gardens, and covered patios perfect for entertaining, with scenic south-facing views of Los Angeles, Hollywood, and the historic Griffith Observatory perched just above. This is a rare opportunity for a developer or owner-user to transform this estate with great bones into a stunning estate reminiscent of the Old Hollywood estates Los Feliz is famous for, centrally located close to the 101 and some of Los Angeles' best restaurants and nightlife.