Discover the charm and potential of this beautifully restored 1920s bungalow in the Hollywood Studio District. Offering 1,628 sq. ft. of living space on a generous 7,500 sq. ft. lot, this home blends vintage craftsmanship with modern comforts. Original Craftsman details including hardwood floors, 9-foot ceilings with 10-inch moldings, antique glass double-hung windows, and a vintage Wedgewood stove--highlight its timeless appeal. The backyard is a serene garden oasis, featuring palm trees, mature citrus trees, succulents, and heirloom roses--a perfect spot for relaxation or the potential addition of ADUs for extra space or rental income. Ideally located, with walkable access to Hollywood's iconic venues such as The Palladium, The Pantages, and Hollywood Forever Cemetery, this home immerses you in the vibrant SoCal lifestyle. It also holds a piece of Hollywood history, having appeared in popular TV shows like Dexter, NCIS, and The Rookie. For investors, the LAR3 zoning in a Transit Priority Area offers tremendous potential for multi-unit development or creative land use. Additionally, upcoming citywide programs including the Housing Incentive Program (CHIP) and Adaptive Reuse Ordinance aim to increase affordable housing near transit while minimizing displacement. These programs, set to be adopted by February 12, 2025, offer zoning incentives such as increased density, height allowances, and reduced parking requirements in exchange for on-site affordable units. Whether you're seeking a unique residence or an investment in a high-demand area, this versatile property presents a rare opportunity. Buyers are advised to verify all information.