Opportunity Knocks! Investors dream located in Prime Los Feliz! 4721 Ambrose Avenue offers a rare and unique opportunity with endless potential to renovate or completely remodel this charming Los Feliz home. Built in 1921, this 3 bedroom, 2 bathroom, 1,627 sqft home is situated on a large 6,500 sqft lot with a detached garage with the possibility of Adu conversion. The interior features a spacious living and dining room that leads to the kitchen, den/office, and separate laundry area. Two bedrooms, including the en-suite bedroom, are located on the first floor, while the third loft-style bedroom encompasses the second floor. The large backyard features a gated entry from the driveway, and access to the detached garage. This property has everything you need to inspire your dream renovation in the heart of Los Feliz, nearby trendy shops, cafes, restaurants, and the Griffith Observatory!