The home, built in 1924, is "an opportunity to remodel ... or build a new home," says the MLS listing, but this is one of those addresses where it's all about location, location, location.
The existing home is a Spanish-style main with a round foyer that has a cast-iron tile floor from a British brewery. Seems a shame to lose that. There is also a guest house and office and the total square footage is 2,130.
Wood played Frodo Baggins in "The Lord of the Rings" (2001-03) trilogy. He appears in the TV hit, "Wilfred" and will be back as Baggins in "The Hobbit: An Unexpected Journey" (2012) and "The Hobbit: There and Back Again" (2013).
Actor Dylan McDermott was the home's previous owner.