Perched in the coveted Waverly Heights enclave of Los Feliz, this privately gated estate offers extraordinary panoramic views in multiple directions--from the hills of Silver Lake and the Los Angeles skyline to Griffith Park, Glendale, and the San Gabriel Valley. Set on an expansive 29,184-square-foot parcel, this rare residential compound features two completely detached, self-sufficient homes totaling approximately 5,455 square feet, with six bedrooms, six full bathrooms, and one powder room.The original front residence, built circa 1922, offers approximately 3,415 square feet of timeless character and gracious living spaces. Three bedrooms and three bathrooms occupy the main level, while a private upper-level bedroom suite features dramatic vaulted ceilings, refinished hardwood flooring, and its own bathroom. Beautifully refinished original hardwood floors, new recessed lighting, and updated electrical panels complement the home's preserved architectural details. Views extend toward Silver Lake and, on clear days, Downtown Los Angeles.Privately situated toward the rear of the property, the second residence, built circa 1992, offers approximately 2,040 square feet with its own kitchen, spacious living areas, two upstairs bedrooms, two full bathrooms, and a downstairs powder room. Expansive windows frame sweeping vistas of Griffith Park, the surrounding hills, and valleys beyond. Both homes have central heating and air conditioning, creating a remarkably flexible setting for extended family, guests, or multigenerational living.The grounds are equally impressive: an immense elevated deck, multiple terraces and outdoor gathering areas, mature landscaping, and a heated pool and spa invite year-round enjoyment of the scenery. A long private driveway leads to a four-car tandem garage, an additional carport near the front residence, and generous on-site parking.Rich in architectural character and exceptional in its versatility, this remarkable two-residence compound presents a truly rare opportunity to own nearly two-thirds of an acre in one of Los Angeles' most desirable hillside enclaves. Preserve its original charm, personalize its interiors, or envision an entirely new chapter for this extraordinary Los Feliz​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​​​‌​​​‌​‌​‌​​​‌​‌ estate.