AUCTION BIDDING OPEN! Previously Listed at $7.45M. Bidding ends May 28th. Current High Bid is $3,800,000. Romantic 1920s Tuscan style estate on two parcels in the historic Ocean View Tract, moments from the Hollywood Bowl and New Hollywood. Rumored ties to William Randolph Hearst. Gated compound designed by Dennis and Farwell with grounds by Paul J. Howard featuring trails, waterfalls, and fountains. Over 3,000 square foot main villa with terracotta roof, courtyard with fountain, Batchelder fireplace, formal dining room, library, guest suite, and upstairs primary. Additional 1,551 square foot guest house and separate 1928 one bedroom cottage. Former home of the Hollywood Art Center School with notable artistic history. Development potential to subdivide upper portion into five single family lots, some with Hollywood Sign views. Rare opportunity with character, privacy, and significant upside potential. (2025-2027 N Highland Ave 5549-030-001 & 5549-030-002)