ATTENTION INVESTORS, FLIPPERS, OWNER USERS. Incredible opportunity to get into a view property in the highly desirable Los Feliz Knolls. Owned by the same family for nearly 75 years and on the market for the very first time, this charming circa 1951 two-story ranch rests on an oversized 10,500+ sq ft gentle sloping lot with impressive views from East Hollywood to Century City and beyond. Offering a two story layout with great possibilities, the main entry level features a galley style kitchen, separate formal dining room, cozy den, and spacious living rooms all with the potential of being one and having explosive city light views while flowing to an exterior deck. There's also an upstairs primary bedroom with a sizable closet and an adjacent full bath with shower over tub. Downstairs, there's a spacious bedroom and bath, with access to a small concrete pad for al fresco dining and the best part of all, a nearly 400 sq ft basement/bonus space fully framed and ready to be easily converted to a luxurious primary bedroom and spa bath, which would bring the total square footage to over 2200 square feet. Outside, the possibilities are endless: plenty of room to terrace for beautiful gardens, pool and spa, outdoor living areas, and the upper view-facing deck for magical sunsets. Spacious 2 car garage and additional off-street parking. Located just around the corner from top rated Franklin Elementary, minutes from Griffith Park, Los Feliz Village, and Silver Lake hotspots and more. This is a rare chance to own a hidden gem in one of LA's most desirable hillside enclaves, Franklin Hills.