Live or Earn: $12.995M Hollywood Hills Villa Blends Glamour with Investment Appeal

Nestled in the prestigious Outpost Estates enclave of the Hollywood Hills, 2321 Castilian Dr emerges as one of the most distinctive properties currently available in Los Angeles Real Estate. Priced at $12,995,000, this multi-level Venetian-style villa offers 9,000 square feet of refined living space with panoramic canyon views, a sprawling 3,000-square-foot patio, and a blend of old-world elegance and California ease rarely found in the market today.

2321 Castilian Dr – Venetian Grandeur in the Hills of Los Angeles

Built in 2005 on a rare 0.54-acre double lot, the residence channels classic Venetian design with opulent flourishes that include arched windows, marble flooring, and handcrafted fireplaces. From the formal entry to the open-concept upper floor — where light spills across the living room, formal dining area, family room, and a gourmet kitchen with Italian-made fixtures — every corner of the home exudes intention and grandeur.

According to Ada Livyatan of Christie’s International Real Estate Southern California, the listing agent for the property, “The scale and symmetry here are astounding. 2321 Castilian Dr was clearly built for both lavish living and entertaining, yet its warmth makes it deeply livable.” Speaking to Luxury Houses Magazine, she added, “It’s very rare to find a property that embodies both a sense of place and versatility like this one.”

SEE MORE: A California Masterpiece: Elevated Architecture and Timeless Elegance for $7,795,000

Purpose-Built for Living and Leisure

The villa includes five en-suite bedrooms — each with private outdoor access — making it ideal for guests or extended stays. The master suite itself is a sanctuary: featuring a dual shower, custom fireplace, separate his-and-hers bathrooms, and a soaking tub overlooking the canyon.

Entertainment is core to the residence’s design. A dedicated floor houses a home theater, wet bar, sauna, steam room, and dual shower. Step outside to enjoy the California lifestyle on a private patio with a custom pool, jacuzzi, outdoor kitchen, BBQ, and a full cabana. “The indoor-outdoor transition is seamless,” Livyatan explains. “2321 Castilian Dr offers privacy, scale, and top-tier design in one breathtaking package.”

SEE MORE: Architectural Gem: Mediterranean Estate Designed by Frank Lloyd Wright’s Protégé Lists for $9.495M

A History of Value, a Future of Opportunity

2321 Castilian Dr has a storied price history reflecting the rising desirability of California Real Estate. Originally listed at $7.8 million in 2015, the estate has seen a steady appreciation. Past rental listings reached as high as $65,000/month, affirming its potential as a high-yield investment. As of April 2025, the property is back on the market for $12.995M with seller financing available — a strategic advantage for discerning buyers.

“This is not just a home, it’s a legacy investment,” Livyatan told Luxury Houses, referencing the combination of architecture, location, and rare seller terms. “The value per square foot here, especially with the lot size and privacy, makes it a standout opportunity in LA’s luxury sector.”

SEE MORE: A Reimagined Architectural Marvel in Rancho Santa Fe Lists for $25.95 Million

Elevated Living, Exceptional Location

Outpost Estates is celebrated for its proximity to the Sunset Strip, Runyon Canyon, and the cultural pulse of Hollywood. Residents enjoy access to high-end dining, art galleries, boutiques, and top-rated schools, all within a few minutes’ drive. This quiet hillside pocket offers a balance of city energy and natural serenity, with views stretching from the city skyline to the Santa Monica Mountains.

Notably, Luxury Houses Magazine reached out regarding the current owner, but as Livyatan confirmed, “The owner is a successful international entrepreneur who values discretion — and has poured resources into preserving the villa’s elegance while enhancing modern comforts.”

For more information, view the official Zillow listing or contact Ada Livyatan at Christie’s International Real Estate SoCal.

* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*

More Homes in California here:

• 
  Live or Earn: $12.995M Hollywood Hills Villa Blends Glamour with Investment Appeal
• 
  A California Masterpiece: Elevated Architecture and Timeless Elegance for $7,795,000
• 
  Architectural Gem: Mediterranean Estate Designed by Frank Lloyd Wright’s Protégé Lists for $9.495M
• 
  A Reimagined Architectural Marvel in Rancho Santa Fe Lists for $25.95 Million

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