A unique property with potential in the heart of Studio City. 3155 Coldwater Canyon is a two-level home consisting of two separate units totaling 3 bedrooms, 3 bathrooms and a bonus space. The top level has 2 bedrooms & 2 baths while the downstairs unit has 1 bedroom & 1 bath plus a bonus space. The home offers stunning north-east views of the canyon and hills. It also features an outdoor deck space and is in the Dixie Canyon School District. For nature lovers and those who enjoy hiking, the home is a stone's throw to Franklin Canyon Park and the Tree People, with easy access to Ventura Blvd, Sherman Oaks and Studio City. The property's separate entrances make it a versatile option for buyers - it could be used as a rental income property, mortgage offset opportunity, 1031 exchange, or development opportunity with a lot size of over 13,000 SF.