Perched gracefully above the street, this timeless Spanish-style estate is a rare, character-rich gem overflowing with untapped equity and historic distinction. Nestled within the coveted Country Club Park HPOZ (and just minutes adjacent to Hancock Park), this property offers a magnificent opportunity to restore a classic piece of Los Angeles heritage. It is a blank canvas perfectly suited for an ambitious owner-user looking to design a dream compound, or a savvy investor. Spanning two stories, the flexible layout offers four bedrooms and two bathrooms ready to be reimagined to modern standards while honoring its protected historic architecture. The property sits on an expansive 9,306-square-foot lot, offering rare outdoor space and incredible development flexibility in a highly desirable, historic enclave. While the home requires a significant, comprehensive renovation, it is far more than a standard fixer, it is an investment in architectural legacy. Bring your contractor, your architect, and your vision to build massive value in a premier historic pocket.