Tucked away below the iconic Hollywood sign, the Beachwood Canyon compound located at 2980 Belden Drive has had quite the list of notable names tied to it since 1927.

Once home to late American novelist Zane Grey, the 2,150-square-foot property is today known for serving as the longtime residence of actress Heather Graham, who bought the compound in 1998 for $880,000.

Now, two decades later, the Boogie Nights star is officially parting ways with the three-level Spanish-style home, placing it back on the market for $2,850,000. Featuring three bedrooms, five bathrooms, an eat-in chef's kitchen, as well as a striking wood-paneled library, the historic estate also comes with ample outdoor space, including tiers of gardens that lead to a grassy lawn, swimming pool, and built-in barbecue area.

"It's a very romantic and dreamy estate with magical views of the canyon," says Elizabeth Halsted, the agent listing the property. "It feels like a mini-estate. It's very private; it feels like it's being taken care of by the canyon."

Throughout the years, the residence has been meticulously maintained, with much of its original detailing still in tact. Along with the striking rotunda entry, other remarkable interior aspects include arched doorways, beamed ceilings, tile finishes, a two-story living room, and bright bursts of color spread across all three floors. Scroll ahead to take a peek inside.

2980 Belden Drive, Los Angeles, CA 90068 is currently listed for $2,850,000 by Elizabeth Halsted of Berkshire Hathaway HomeServices California Properties.

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Actor Heather Graham Parts Ways With Her Longtime Hollywood Compound for $2.85M