Welcome to "The Hollywood Observatory," a striking architectural retreat tucked away on an exclusive private street just above Sunset Plaza. With commanding jetliner views from nearly every room stretching from Century City to the Pacific Ocean, this modern masterpiece offers one of the most compelling values currently available in the Hollywood Hills. Floor-to-ceiling glass walls blur the line between interior and exterior, creating a seamless indoor-outdoor flow ideal for both intimate living and grand-scale entertaining. At the center of the estate, a dramatic resort-style pool and spa are framed by a Niagara Falls-inspired waterfall, a showstopping fire pit, outdoor kitchen, bar, and expansive dining area. A dedicated wellness space adds a tranquil dimension, perfect for yoga, meditation, and cold plunges. Upstairs, the primary suite stuns with panoramic views of Downtown LA, the ocean, and the city skyline, and is complete with a luxurious spa-style bathroom and an inspiring home office. With a consistent track record of over $600,000 in verifiable annual short-term rental income, this property offers exceptional investment upside in addition to its lifestyle appeal. Just minutes from the Sunset Strip and West Hollywood's best restaurants, boutiques, and nightlife, this gated hideaway offers unmatched privacy and convenience. With the added potential of turning Haslam Terrace into a privately gated street, this is a rare opportunity to own a true design-forward sanctuary at a price point that makes it one of the best deals in the entire Hollywood Hills. Creative financing available where the future buyer may take over existing debt at a 2.75% interest rate on $2.75M in debt with the balance of the purchase price to be provided as buyer equity. A rare opportunity for an owner user, 1031 exchange investor, or conventional investor to own one of the city's most compelling view properties with unmatched income potential, all while at one of the best prices for an architectural masterpiece home in the Sunset Strip.
For sale
$6,495,000
1565 Haslam Ter, Los Angeles, CA 90069
5beds
4,667sqft
Est.:
Residential, Single Family Residence
Built in 1951
0.39 Acres Lot
$9,555,600 Zestimate®
$1,392/sqft
$-- HOA
What's special
Niagara falls-inspired waterfallPanoramic viewsInspiring home officeExclusive private streetResort-style pool and spaLuxurious spa-style bathroomFloor-to-ceiling glass walls
- 27 days
- on Zillow |
- 4,788 |
- 400 |
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 12:46am
Listed by:
Oliver Thornton DRE # 01969227 310-704-1794,
Hollywood Estates 310-704-1794,
RC Thornton DRE # 01266660 310-210-5315,
Hollywood Estates
Source: CLAW,MLS#: 25553457

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Rooms
- Room types: Entry, Family Room, Bar, Dining Room, Living Room, Master Bedroom, Powder
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Barbeque, Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
- Laundry: Laundry Area
Features
- Flooring: Wood, Tile
- Has fireplace: Yes
- Fireplace features: Fire Pit, Outside
Interior area
- Total structure area: 4,667
- Total interior livable area: 4,667 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport, Attached Carport, Driveway
- Carport spaces: 2
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
- Has private pool: Yes
- Pool features: Heated, In Ground, Private
- Spa features: Other
- Has view: Yes
- View description: Pool, Mountain(s), Panoramic, Ocean, City, City Lights
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 0.39 Acres
- Dimensions: 99 x 160
Details
- Additional structures: None
- Parcel number: 5558003009
- Zoning: LARE11
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential, Single Family Residence
Condition
- Updated/Remodeled
- Year built: 1951
Community & HOA
HOA
- Has HOA: No
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $1,392/sqft
- Tax assessed value: $5,826,240
- Annual tax amount: $70,605
- Date on market: 7/8/2025
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