Discover a prime development opportunity on this legendary 3-acre estate in the heart of Hollywood. Formerly known as the Hollywood Art Center School, this historic property spans two lots and includes four interconnected buildings, including a 1920s Mediterranean-Revival mansion influenced by the architects of the nearby Magic Castle. The estate's… Read More grounds are a natural paradise, featuring scenic hiking trails, cascading waterfalls, and a 100-seat stone amphitheater with views of the Hollywood Hills and iconic sign. Potential development options being evaluated include the construction of a multi-story residential building in the R4 zone with up to 80 units, alongside the development of a private membership club within the existing historic buildings. The property may also support the construction of up to 80 hotel guest rooms within the R4 zone, with the possibility of additional detached bungalow-style hotel rooms along Glencoe Way in the R2 zone. This rare property combines historic charm with substantial development potential, all just minutes from the Hollywood Bowl and the vibrant energy of New Hollywood. Survey and summary available upon request. Read Less
Courtesy of The Oppenheim Group, Inc. 310-990-6656
Listing Snapshot
Days Online
72
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
3
Square Ft.
6,029
Lot Size
2.88 Acres
Year Built
1920
MLS Number
24-433375
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Refrigerator, Range/Oven
Building
6,029 sq ft, Built in 1920, Levels: Multi/Split, Detached/No Common Walls, Villa
Cooling
Central
Disclosures
As Is
Fireplaces
Living Room
Floors
Ceramic Tile, Hardwood
Garage
Garage - 1 Car, Driveway, Gated
Heating
Central
Home Owner's Association
HOA Present
Laundry
Laundry Area
Lot
LotAcreage: 2.9, LotSizeArea: 125,661
Parking
CoveredParking: 1, TotalParking: 20
Pool
PoolYN: False, None
Property
OtherStructures: Shed(s), GuestHouse, PropertySubType: Single Family Residence, ViewDescription: City, City Lights, Hills, Green Belt, Tree Top, Trees/Woods, Valley, ViewYN: 1, Zoning: LAR2
Spa
Has spa, None
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