Impressive new $500k price reduction. Property ready to move. Bring all offers. Former home of Hollywood legend and AMPAS founder Frank Lloyd. Restored and Renovated Classic Spanish Villa Compound. Apx. 1/2 acre of expansive grounds w/ multiple outdoor living and entertaining areas plus guest house and pool cabana. One of Los Feliz most coveted legacy estate properties w/ explosive DTLA city views to the coast. Distinctive original details & romantic Hollywood character remain. Exposed beamed and high vaulted truss ceilings. Grand formal living room featuring separate study and library rooms. Open concept kitchen/den. Primary Room with dual bathrooms includes steam shower, infinity soaking tub and huge shared walk-in closet. Several outdoor dinning areas with bistro lit covered pergola's and a rustic water fall grotto. State of the art pool with outdoor kit/bath pool cabana. Detached Guest House with vintage fireplace, bathroom and an outdoor shower. Home Theatre, Wine cellar (with wine tasting room), Solar System, Security system with recessed wall monitors and Nest HVAC control. Bring the family, a generational estate rarely available and irreplaceable. Subject Offering is contiguous with an adjacent property that could also be available for sale. Buyers POF's required for more information.