Hollywood’s iconic Hilltop restaurant and its surrounding 7.3 acres of land often called the “Hollywood Hills” are available on the market with an asking value of $100 million.
The Japanese restaurant, owned by producer and nightlife operator Elie Samaha’s firm, has appeared in dozens of movies, together with “The Goodbye,” “Memoirs of a Geisha,” “Kill Invoice,” “Quick 60″ Seconds,” “Blind Date” and “August Teahouse” in addition to many TV exhibits.
Avison Younger is the dealer for the property, which is listed on the Nationwide Register of Historic Locations.
Peter Sherman, principal and head of U.S. capital markets at Avison Younger, mentioned the location might be developed in a lot of methods, probably at a decrease density, with attainable makes use of together with a museum, basis, personal household compound or resort. “Everyone seems to be conversant in Japanese villas. However this website isn’t just in regards to the villas, it’s over seven acres of land,” Sherman factors out.
“There are numerous alternatives, relying on the imaginative and prescient,” he mentioned.
Sherman mentioned the 20,432-square-foot constructing, constructed as a non-public residence in 1914, will likely be protected as a historic website. The property additionally features a small residential space.
As for Yamashiro, “the restaurant is doing very well,” Sherman mentioned. The restaurant operator might signal a long-term lease and proceed working with the property’s new proprietor, or the client might determine on one other use. “All choices are on the desk,” Sherman mentioned.
The crew dealing with the itemizing of Samaha’s Samaka LLC consists of Sherman, principal and managing director Chris Bonbright and principal Chase Gordon.
The property, which is open for an extra 280,000 sq. toes of growth, additionally features a Japanese backyard and 600-year-old pagoda.
“It’s totally distinctive to search out one thing like this throughout the metropolis. It is extremely peaceable and personal,” Sherman mentioned.
A latest report acknowledged that Samaha is excited about buying the Dolby Theater, dwelling to the Oscars, as a part of an funding consortium.
The adjoining 3.27-acre Magic Fort property bought to online game entrepreneur Randy Pitchford in 2022 for $50 million.
