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 $4,999,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is 40 years old (built 1984) and retains original 1980s architectural details such as glass blocks and bleached oak floors. Per the criteria, homes >30 years old with original finishes are rated poor; the description's call for 'reimagination' and suitability for developers confirms it needs a comprehensive rehab to update dated systems and interiors.
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 boasts rare 280-degree unobstructed vistas of the Downtown Los Angeles skyline, the Griffith Observatory, and the Hollywood Sign from a prime ridge-line position.
Set on over an acre at the end of a private gated driveway, the estate features three separate structures—a main house, guest house, and studio—offering exceptional privacy and multi-functional utility.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =47150, other record lot size in square feet = 7767.
The 1980s architectural style, featuring glass block, bleached oak floors, and a pastel palette, may require a substantial cosmetic overhaul to align with modern luxury preferences.
Marketed as an 'opportunity for reimagination,' the property likely requires significant capital investment to update its systems and layout to reach its full market potential.
JUST REDUCED! MAJOR PRICE REDUCTION! ATTENTION DEVELOPERS & END-USERS. AMAZING VALUE AT $780 PER SQ. FT. 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 yard. 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 | 63% |
| Baths | 8.0 | 3.0 | 98% |
| Square foot | 6,408 | 2,333 | 97% |
| Lot Size | 47,150 | 7,581 | 98% |
| Price | $5.00M | $1.97M | 94% |
| Price per sq ft | $780 | $872 | 34% |
| Built year | 1984 | 1949 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 162 | 3% |
May 20, 2026
$4,999,000
$4,999,999
+0% Price Increase
Initial Listing
May 17, 2026
$4,999,999
Initial Listing