There are a number of Hollywood Sign viewing locations along hiking paths, but unfortunately, homeowners in the area have made it very difficult to access some of the best hiking paths. However, Lake Hollywood Park is a great view of the Hollywood Sign if you want that iconic holding-the-Hollywood-Sign-in-the-palm-of-your-hand photo.
This is a PEAK LA tourist destination. This is where the hand and footprints are & where they host MANY movie premieres. It's also attached to the Dolby Theater, where the Oscars are held every year & across the street from the El Capitan. Lots of stuff to see here.