Opportunity knocks on this Silver Lake charmer with 3 bedrooms (one with fireplace), 2 bathrooms, plus an additional room used as a gym/office (with sauna) which has the potential to be a 4th bedroom. Featuring a living room with fireplace, formal dining room, kitchen with Thermador & Sub-zero appliances & breakfast bar leading to the most romantic terrace with panoramic verdant hillside & Griffith Park Observatory views. Enjoy entertaining in the private, BIG backyard with 1800 sf of multi-level decks, gardens & flat grassy yard! Other features include hardwood floors, some newer windows, central air & heat, recessed lighting, laundry room & garage with direct access into the home. Owner has provided a thoughtful drought tolerant front yard to help conserve water. Located in the Ivanhoe Elementary school district with a high walk score to nearby cafes, restaurants & shopping, close proximity to the Silver Lake Reservoir as well as close access to the 5, 134 & 101 frwys. & Downtown LA.