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$9M

Listing Price
    Hollywood Hills, Los Angeles

 Palm Paradise

Overview

Conjuring the glamour of L. A. s golden age, this showstopping residence is destined to be a star. The former home of Oscar winners, writers, and producers, it is a modern classic filled with sophisticated spaces, Art Deco flourishes, & a sweeping view of the explosive Los Angeles skyline. The layout is ideal for entertaining, w/ an effortless flow and a bond between indoors and out. Highlights include a screening room, an airy formal dining room, a wine cellar with decorative mirrored doors, three guest suites, and a chefs kitchen with warm wood and clean lines of marble & stainless-steel.

The master suite includes a walk-in closet & a luxurious bath w/ a spacious shower & an enviable soaking tub. Once outside, the jaw dropping views become even more real on the expansive terrace with dining area, a sitting area with an outdoor firepit, and an infinity edge pool and spa, creating the perfect spot for appreciating the cinematic views of Downtown Los Angeles, and the Hollywood Sign.
Agent Listing


Eric Lavey

View listings

6000

Square Feet

4

Bedrooms

5

Bathrooms

1937

House Built

Investment Case

There is an open plan one bedroom studio cottage on the property with separate access and separate driveway which is completely self-contained, with an approximate floor area of 60 square metres. It has original bridge beams in the ceiling and plaster walls with a cottage feel, serviced by a gas hob and gas hot water. It has a small wood-burning firebox and underfloor heating in the bathroom. It includes a fridge and washing machine and has a check meter to determine the power, the main house has been designed with privacy in mind so that it is discreet from the cottage. The property faces north/west and has been designed to capture and retain maximum heat in winter when the sun is lower and to keep sunlight out with the 900 mm eave overhang in summer. Remote control blinds can be used to cut direct sunlight in summer if required.

The floor in the kitchen is Timaru blue stone and has been designed to soak up heat from sunlight in winter and release it during the day for passive productivity. The land in front of the property on the lakefront is council reserve and there are no neighbours who have visibility of the property and so it is very private. Alec Robins Road is a quiet country lane with no through access.

The Main house has been assessed as having a short term rental assessment of between $1000 - $1500 a night and the cottage has been assessed as having a short term rental assessment of around $350 per night.

For more details click here to View report.

Ready to invest?

You can invest in Palm Paradise from just $100.