Basics
- Date added: Added 4 weeks ago
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 6
- Bathrooms: 3
- Half baths: 0
- Floors: 2
- Area: 6029 sq ft
- Lot size: 125661, 125661 sq ft
- Year built: 1920
- View: CityLights,ParkGreenbelt,Hills,Valley,TreesWoods
- Zoning: LAR2
- County: Los Angeles
- MLS ID: 24433375
Description
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Description:
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 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.
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Location
- Directions: Entry drive is on west side of Highland Ave, 1/2 block south of Camrose Drive, 1 block north of Franklin Ave. Property is gated.
- Lot Size Acres: 2.8848 acres
Building Details
- Common Walls: NoCommonWalls
- Levels: MultiSplit
- Other Structures: GuestHouse,Sheds
- Floor covering: Wood
Amenities & Features
- Pool Features: None
- Parking Features: DoorSingle,Driveway,Garage,Gated
- Spa Features: None
- Parking Total: 20
- Cooling: CentralAir
- Fireplace Features: LivingRoom
- Furnished: Unfurnished
- Heating: Central
- Interior Features: Atrium
- Appliances: Dishwasher,Refrigerator,Dryer
Miscellaneous
- List Office Name: The Oppenheim Group, Inc.