Just reduced by 100k - seller motivated! 2440-2442 Hidalgo is a magical, unique three home compound with views of the lake on a large lot in the peaceful hills of Silver Lake. This romantic triplex has it all - character, views, gardens, bonus studios, light, creative energy, and walkability. Each home in this private compound is charming and separate. Enter the property and ascend the stairs to the front home- a free standing Spanish 2 bedroom 1 bathroom, with a sweet breakfast nook to accompany its views of the reservoir, as well as a private studio and half bath below with a separate entrance. Meander up the garden path and through the Moorish gates to the bright, welcoming private main home with 2 bedrooms,1 bathroom, plus separate studio and bath downstairs, spacious kitchen with breakfast area, formal dining and living room opening to a large wraparound balcony with restful views of the lake. Separated from the main house is a private casita/guest house/rental unit with its own kitchen, bath, loft and private deck. Continue up the lush garden to the shaded, serene gazebo where you can take in the beautiful views of the water and hills as you enjoy a tranquil morning coffee or an evening moment of respite from your day. Other features are a laundry room on site, 2 garages, lots of bonus storage space, and more. Walking distance to so much of what makes Silverlake desirable: just up the hill from Gingergrass, Silver Lake library, Silver Lake Wine, Whole Foods, the Reservoir, Dog Park, the Meadow, and tons of fabulous restaurants, cafes, and shops. Convenient to multiple freeways and minutes to downtown. Ideal for an owner user or an investment in this idyllic spot.