Located in the beautiful and highly desirable Lake Hollywood Knolls, this 1936 home is new on the market for the first time in almost 50 years. It is a fantastic opportunity to own a piece of a Hollywood-era home. It sits on a double-wide lot and boasts a rare 3-car garage. The living room has hardwood floors and a cozy fireplace. The large den or family room has a fireplace and two French doors leading outdoors to a beautifully landscaped backyard. Almost $200K was spent on the garden design with lavish plants, trees, river rock retaining walls, and drainage. There are two bedrooms (one bedroom has been repurposed as a large closet), a full bath, a half bath, a formal dining room on the main level, and a super-spacious kitchen designed by a chef with a center island, built-ins, and many gorgeous cabinets. It overlooks and opens to the backyard. Sitting above the 3-car garage is an enormous (1,000 square foot +-) suite. It has a huge living room with a fireplace and a bedroom. The sumptuous bath has a spa tub, double sink, and separate shower. It could be suitable for rental income or a primary suite. There are many possibilities for redesigning the floor plan of this home. Great for an end-user (buyers with vision) or investor, this is a fixer at only $571 per square foot! It is way under-market for Lake Hollywood! This home is sold as-is. Buyers should do their diligence to investigate and inspect. Ideally located to all major studios, Universal, Warner Bros, and Disney, 5 minutes to the Hollywood Bowl, and 12 minutes to the Burbank Airport. 5 minutes to Vons, Trader Joe's, and Whole Foods Market.