The 6 - acre estate , located in the Holmby Hills neighborhood of Los Angeles , was built in 1927 and Hefner purchased it in 1971 .
The Playboy Mansion , home to Playboy 's founder Hugh Hefner and his legendary parties , will be going up for sale .
The 6 - acre estate , located in the Holmby Hills neighborhood of Los Angeles , was built in 1927 and founder purchased it in 1971 .
The Playboy Mansion , home to Playboy 's founder Hugh Hefner and his legendary parties , will be going up for sale .