This 1923 classic Mediterranean in historic Whitley Heights must be seen to be appreciated. This charming home offers exceptional affordability, thanks to its Mills Act designation providing significant tax savings, potential rental income from a separate guest apartment, and an attractive price per square foot of just $554. Lovingly maintained, it blends historic charm with modern financial advantages! Located at the end of a cul de sac, the home has 4 bedrooms and 4 bathrooms and a guest apartment. The main level has a living room with decorative fireplace, a library/office with patio, a formal dining room, a tastefully renovated kitchen with breakfast area, a bedroom w/bathroom, and an additional full bathroom with direct pool access. The private backyard sanctuary is the real gem of the property and the focal point featuring a large pool with spa, built-in barbecue, and terraced lounge area. Upstairs features a primary suite with sitting room and patio, luxurious bathroom with soaking tub, separate shower, and walk-in closet. Additionally there are two bedrooms and renovated hallway bathroom. The separate guest apartment has a kitchen, laundry, and private entrance. For your convenience there is an attached, direct access, two car garage entered from Grace Avenue. Once the home of Jane Fonda & Roger Vadim, it is conveniently located near studios, the Hollywood Bowl, and many superb restaurants, and offers easy freeway access to downtown and the valley while still offering complete privacy.