Your chance to restore, develop, and create in the Franklin Hills:this 1938 Traditional sits on a 6,648 square foot lot, delivered vacant and ready for your vision. The partially gutted 2-bedroom, 1-bath residence retains some original flooring and a spacious basement. Zoned [Q]C1-1XL and R1, the lot offers a versatile canvas for expansion or new construction. This property must be purchased in conjunction with 2019 Hyperion, with the option to also acquire 2015 Hyperion for a combined total of approximately 18,730 square feet. Located on a prominent stretch of Hyperion Avenue between Silver Lake and Los Feliz, the home is just minutes from Trader Joe's, Gelson's, Magpies, and Broome Street, with easy access to Hollywood, NELA, and the 5 freeway.