Exceptional investment opportunity in the Hollywood Hills. This R2-1XL zoned triplex is on the market for the first time in over 50 years. Nestled into the hillside, all three units are two-stories: the front and middle units feature two 2 bedrooms and 1 bathroom; the rear unit is 2 bedrooms, 1.5 bathrooms and has been recently updated with fresh paint, refinished hardwood floors and new carpet upstairs. Each unit enjoys its own private outdoor space. The front unit features a large balcony; the middle unit enjoys a generous outdoor patio, and the rear unit boasts an expansive backyard patio with plenty of room for entertaining, pets, and relaxing, plus its own separate laundry room. The building sits above a 4-car covered carport. Lower two units are tenant occupied with long-term tenants; the largest, rear (top) unit is vacant. Great location with easy freeway access, close to the Hollywood Bowl, major studios, shopping, dining and hiking trails; and 15 minutes to the Burbank Airport. The building needs a little TLC and represents an amazing opportunity for its new owner.