2980 Hollyridge Drive, Los Angeles, California 90068, Los Angeles, 90068 - 4 bed, 8 bath
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Los Angeles, California 90068
Analysis of 2980 Hollyridge Drive, Los Angeles, California 90068 is currently available with a list price of $5,295,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1984, this estate is well-maintained but remains largely in its original 'frozen-in-time' condition. The interior features heavily dated 1980s elements such as glass block walls, bleached oak floors, and a pastel color palette. The kitchen and bathrooms, while functional, utilize older tile countertops and cabinetry that do not meet modern luxury standards. The listing description's mention of the property being 'poised for reimagination' and 'brimming with potential' further indicates that major systems and cosmetic finishes are at the end of their typical design cycle and require updating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47150, living area = 6408.
The property features rare 280-degree unobstructed vistas of the Downtown Los Angeles skyline, the Griffith Observatory, and the Hollywood Sign, offering one of the most prestigious view corridors in the city.
Set on over an acre, the estate includes a main residence, a full guest house, and a separate studio, providing exceptional flexibility for a recording studio, home office, or multi-generational living.
The 1980s design elements, such as glass blocks and the pastel color palette, likely require a substantial capital investment to modernize and meet current luxury market standards.
Managing three separate structures across a sprawling one-acre hillside lot with extensive gardens and a pool entails significantly higher-than-average ongoing maintenance and utility costs.
JUST REDUCED! MAJOR PRICE REDUCTION! Outstanding opportunity to acquire an extraordinary 1+ acre compound featuring three separate structures set behind a gate at the end of a private driveway above Hollyridge Drive. The main residence, freestanding guest house, and separate studio above the detached garage provide an abundance of functional space in which to live, work, and entertain amidst a sprawling landscape affording a remarkable sense of privacy. Sited perfectly along a vast ridge and high above the canyon, you will marvel at the unobstructed views of the Downtown Los Angeles skyline, the Griffith Observatory, and the iconic "Hollywood" sign all visible from your own backyard. Distinctive1980's architectural designed by Michael Pearce and Richard Clemenson highlighting many of the characteristic details of the era, including large picture windows, glass block, bleached oak floors, a breezy pastel color palette, and multiple patios & terraces from which to take in the incredible 280-degree wrap-around vistas. The main residence consists of 3 bedrooms + 6 baths with a flex room and an upstairs loft currently configured as an entertainment space & office and poised for reimagination as a dramatic 2-room primary suite. Full separate guest house located at the opposite end of the property features a living room/lounge crowned with a dramatic atrium ceiling, kitchenette, 1 bedroom, 2 baths, and multiple French doors leading to assorted patios bordered by a canopy of trees and lush greenery. The expansive grounds consist of multiple outdoor areas including rolling lawn, a swimming pool, lounging decks, flower & cactus gardens, BBQ station, and a vast flat grassy pad providing the ultimate play area. Ideal for a developer, owner/user, artist, or rock star seeking privacy and the space to create an art or recording studio in a separate detached structure. The longtime home of legendary television writer/producer David Jacobs, creator of the classic drama series DALLAS and spinoff KNOTTS LANDING, who along with his wife and children, acquired a sequence of lots over a span of years to create this one-of-a- kind estate still brimming with possibilities and unlimited potential. Utterly unique & memorable. No sign on property.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 56% |
| Baths | 8.0 | 3.0 | 98% |
| Square foot | 6,408 | 2,402.5 | 96% |
| Lot Size | 47,150 | 7,163.5 | 97% |
| Price | $5.29M | $2.00M | 96% |
| Price per sq ft | $826 | $887 | 38% |
| Built year | 1984 | 1949 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 226 | 196 | 73% |
Nov 13, 2025
$5,295,000
$5,995,000
-12% Price Drop
Initial Listing
Sep 8, 2025
$5,995,000
Initial Listing