Your chance to restore, develop, and create in the Franklin Hills, at a price rarely seen for this coveted area. This 1924 Spanish Bungalow sits on a 9,577 square foot lot, delivered vacant and ready for your vision. The 2-bedroom, 1-bath residence retains period details including a hearth and built-in buffet, and includes a 1-car garage. Zoned R1 and [Q]C1-1XL, the lot offers a versatile canvas for expansion or new construction. Located on a prominent stretch of Hyperion Avenue between Silver Lake and Los Feliz, the property is just minutes from Trader Joe's, Gelson's, Magpies, and Broome Street, with easy access to Hollywood, NELA, and the 5 freeway.