Two Hollywood Hills homes on a nearly 1/3-acre street to street lot with spectacular panoramic views to iconic LA landmarks including Griffith Park Observatory, the Capital Records Building, the Hollywood sign, Yamashiro restaurant, sparking city lights, and the glistening ocean on the horizon. A unique urban oasis, this Hollywood Hills compound consisting of two distinct homes works perfectly as a family compound, a creative live / workspace, or a luxury rental. Beautifully updated, 1974 Hillcrest Rd & 2013 Glencoe Way offers a tranquil sanctuary nestled right in the heart of the city. You’ll be enchanted by the meticulously maintained organic raised bed vegetable gardens with automated watering, abundant fruit trees including oranges, lemons, limes, and figs, and verdant lush landscaping in a private park-like setting. Excellent opportunity to further enhance this property with additional square footage and a pool & spa. The main house is an original Hollywood Hills Craftsman that has been thoughtfully restored offering captivating panoramic views. While maintaining the integrity of the original home, new life has been infused into the interior which is both spacious and cozy with coffered ceilings, original pocket doors, and floor to ceiling bookcases. Host gatherings fireside in the inviting living room while gazing at the views, read a book in the cozy sitting area, throw a large dinner party in the expansive dining room, or enjoy an al-fresco meal in the magical backyard under the pergola and stars. The well-equipped chef’s kitchen with top-of-the-line appliances allows you to prepare delectable meals straight from the garden. The main house features 2-bedrooms (with the possibility to add another 2 or 3), including an ensuite primary and large walk-in closet. Nestled below is a charming 1-bedroom guest suite with its own private entrance, kitchen, and bathroom. This unit has consistently generated short-term rental income for the current owner and can also serve as ideal guest quarters or as an in-law suite. Additionally, a separate structure near the main house has been set up as a gym/workout room or as bonus storage space. The second home on the property built in 1979 delivers a mid-century vibe, flooded with natural light with stunning vaulted wood ceilings, a mid-century wood-burning fireplace, and unobstructed views to the Hollywood sign, Capital Records building, and the Griffith Park Observatory. This 1-bedroom, 2-bath house also houses a 4-car garage. Complete with its own address, private entrance, and outdoor patio area with more panoramic views, the seller currently generates considerable income as a short-term rental with no minimum stay requirements, but can also work perfectly as a creative workspace, or a private house for guests and extended family. Based on the lot size, the opportunity exists to further expand this house with the possible addition of two additional bedrooms & bathrooms. Fireplaces are considered decorative. Multiple updates and improvements too numerous to include will be provided upon request. This is a tranquil haven in the heart of Los Angeles that sets itself apart.