Nestled in the heart of Los Angeles, this exquisitely maintained residence is located in the prestigious Hancock Park - Wilshire neighborhood. The property boasts a generous 7,500 sq ft lot with R-3 zoning, offering the unique potential to develop up to 7 units as condominiums or apartments. The Area is experiencing significant development, making this an excellent opportunity for developers. This prime location is within close proximity to numerous cultural landmarks, including the historic Ebell Theatre, the prestigious Wilshire Country Club, and the renowned LA County Museum of Art. Additionally, the vibrant Hollywood Walk of Fame is nearby, providing a taste of LA’s rich cultural tapestry. Esteemed educational institutions such as USC and UCLA, along with major university hospitals, are conveniently situated within a 5-mile radius. The property offers exceptional convenience with just a 3-minute walk to the Wilshire/Western Station. Positioned in the heart of Koreatown, it provides effortless access to a plethora of markets, restaurants, and healthcare facilities. Boasting a remarkable walk score of 90+, this home ensures you enjoy the ultimate urban lifestyle, with every amenity within easy reach. The main unit features three spacious bedrooms and one bathroom, making it ideal for family living. Additionally, the property includes one separate guest units, one bedroom and one bathroom. This unit is perfect for accommodating guests or generating additional rental income. The home’s interior has been thoughtfully remodeled within 10 years, creating a pristine and contemporary living space ready for immediate occupancy or rental. The design emphasizes an open layout, with abundant natural light flooding the interiors, creating a bright, airy, and inviting atmosphere. The expansive and open-plan design provides a sense of comfort and coziness, making it an ideal sanctuary in the bustling city. The extensive yard offers a serene retreat, allowing you to experience a touch of nature amidst the urban environment. Embrace the finest aspects of urban living while enjoying the comfort and convenience of this exceptional home. Contact us today to explore this unique opportunity!