Rare opportunity to renovate and repair this exquisite 1920s Italian-style estate in prime Hancock Park. Located on one of the most desirable, tree-lined streets, this 5BD/4BA home situated on a sprawling 19,869 sqft lot exudes sophistication and old-money charm and offers an unparalleled canvas for endless possibilities. Bathed in natural light, the two-story home showcases arched windows, rich hardwood floors, and grand fireplaces that lend warmth and character to the common areas. The kitchen provides abundant cabinetry and seamlessly connects to a convenient laundry room with additional access to the lush backyard. The first level features two well-appointed bedrooms, each with generous closet space and adjacent bathrooms. Ascend the sweeping staircase to discover three additional spacious bedrooms, including the serene primary suite, which boasts a private ensuite bath and a connecting balcony overlooking the estate. Encircled by mature landscaping, the expansive grounds offer a gated driveway, a two-car garage, and an additional carport, creating a perfect blend of privacy and practicality. Ideally located just moments from the esteemed Third Street Elementary School, the charming boutiques and cafes of Larchmont Village, and the vibrant energy of The Grove, this residence presents an extraordinary opportunity to reimagine a historic treasure with a modern touch. First time on the market in nearly 40 years.