True once in a lifetime opportunity. This epic sprawling compound with TWO SEPARATE HOMES (both delivered vacant) is sited on one of the largest lots in Silverlake and is located in the award-winning Ivanhoe Elementary school boundaries. Both homes have been updated and brilliantly engineered after months of handcrafted remodeling and are ready to start generating market value rental income. Or you could create a family compound and use one house for a primary residence and the other for relatives, guests, or even a home office/creative space. The front house is a charming 3 bedroom and 2 bath home with wonderful original details including built-in shelving, cove ceiling, reading bench and wood paneling. The sundrenched living and dining rooms perfectly capture the warm afternoon light. A large front yard and private backyard create ample privacy. The back house is a spacious 2 bedroom and 1 bathroom with a flex office space/guest room. It also has a huge separate studio downstairs - ideal for a creative workspace, a guest quarter, music or tv editing studio. This house has wonderful original hardwood floors, fireplace and amazing views of the mountains. The beautiful backyard is massive and adorned with artificial grass which means no watering and minimal gardening. There is also a wonderful private lower deck where you can entertain guests and family while dining al fresco. The location is incredible and one of the best in Silverlake - super close to the great restaurants on Rowena - Blairs, Edendale, Broom Street, Little Pine as well as Ivanhoe Elementary. Or head over the Silverlake reservoir and enjoy shops on Silverlake Blvd. - L&E Oyster Bar, LAMILL, Botanica, or Alimento. The property is on the market for the first time in 44 years and this once-in-a-lifetime generational two-home estate is irreplaceable. Perfect for a discerning buyer who values privacy and will cherish one of Silverlake's largest lots with two beautifully-crafted homes delivered vacant.