Large LAR 1.5 zoned lot in prime sought after desirable Hollywood neighborhood near great shopping, entertainment venues, major studios and equidistant to DTLA and Beverly Hills. Charming updated gated Craftsman home features updated Kitchen and baths, private grassy back yard with jacuzzi, and garage-studio. Large LAR 1.5 zoned lot creates a great opportunity to develop in a neighborhood that has become sought after by many upwardly mobile young professionals. There is a separate gated and fenced lot may be used to develop or incorporated into the existing property. Possible development potential would allow back lot to be developed into 2 units while keeping the home in front, or entire site can possibly be used as a 4-unit multi-family complex. Design concepts are available. Please consult with architects and professionals about development possibilities.