Located in an up-and-coming East Hollywood neighborhood, this charming California bungalow offers unmatched potential for both homeowners and visionary developers. Set on a 6,362-square-foot LAR3-zoned lot and within TOC Tier 1, the property is primed for redevelopment with the ability to build up to 18 units (subject to city approval). This rare opportunity positions you to take full advantage of Los Angeles' high-demand rental market in a rapidly evolving area. Currently a light fixer, the 2-bedroom, 1-bath single-story home offers plenty of charm and opportunities for customization. A spacious front yard with a pergola invites relaxed entertaining, while the backyard provides ample room for lounging, gardening, or even reviving the former outdoor theater setup. Inside, enjoy hardwood floors, a living room with a tiled fireplace, a formal dining room with floor-to-ceiling windows, and a sunny kitchen nook. The kitchen combines charm and functionality with butcher block countertops and custom built-in cabinetry. With a Walk Score of 91, this central location places you minutes from Larchmont Village, Koreatown, and some of the city's best dining and shopping. Easy access to major freeways and the Metro Red Line further enhances its appeal. Nestled on a 0.15-acre lot just north of Beverly Boulevard and west of Normandie Avenue, the site is surrounded by high-profile developments and mixed-use projects. Whether you're looking to renovate or unlock the full development potential of 18 units, this is your chance to create something extraordinary in one of LA's most vibrant and fast-growing communities. Some photos have been virtually staged or rendered to help imagine the possibilities!