Offered for the first time in 45 years, this lovely two bedroom/one bath bungalow (plus guest house!) sits at the base of the Franklin Hills, framed by two tall and stately maple trees. Huge original windows wash the open floor plan in golden diffused light, and you can watch the sweeping sunset against the silhouette of palm trees every evening from the living room. Built in 1921 and meticulously maintained, this home's oak hardwood floors, original solid wood doors and hardware, and beautiful vintage ceiling light fixtures have all been preserved with care, but accompanied by modern upgrades. The kitchen has a pantry and ample cabinet space, as well as a greenhouse window for herbs or succulents. The full bathroom has been completely remodeled, with subway tile and a new tile floor. One bedroom has wall-to-wall bookshelves and built-in drawers/cabinets, and could also serve as a perfect home office. A sizable second bedroom at the back of the house features more built-in storage and windows from one end to the other, overlooking the peaceful fenced rear garden. The expansive outdoor space features lush new landscaping shaded by mature trees, and a patio, perfect for starry nights or entertaining friends. The Griffith Observatory is visible from the back porch! Behind the main house is a bright and airy studio guest house, draped in flowering bougainvillea and featuring a kitchenette, full bathroom, and walk-in closet. With newly refinished floors, fresh paint inside, a tankless water heater, and its own separate meters, this house could also serve as a rental for extra income, or a spacious home office. A fence divides the outdoor area into two yards for rental purposes, but could easily be removed to restore it to one large garden. Rare in southern California, this home also has a finished basement, freshly painted, with three opening windows to let in more light, plus a laundry area. On top of all these options, an additional finished shed, with an abundance of natural light, a loft area, and electricity, makes for an ideal artists retreat or yoga studio. Near coveted Franklin Elementary in a sought-after school district, this exceptional home is the best of both worlds-a quiet respite in the hills, just blocks away from the vibrant dining, shopping, and night life of Los Feliz. Beloved by its former family and awaiting its next chapter, this one won't be on the market for long. *Please do not disturb tenant in front house. Rear unit will be delivered vacant. Agent is trustee and part owner.