Thousands of Guns Found at Home in Upscale LA Neighborhood

More than 1,000 guns were found at a home in an upscale Los Angeles neighborhood Wednesday during the investigation into the selling and manufacturing of illegal weapons, CBS Los Angeles reports.

The Federal Bureau of Alcohol, Tobacco, Firearms and Explosives, and L.A. Police Department served a search warrant at the home around 4 a.m. ET on Wednesday. The house is situated on the border of the Bel Air and Holmby Hills neighborhoods of West Los Angeles and sits near the Playboy Mansion.

TV footage showed hundreds of rifles and handguns laid out on a driveway.

Police officials say the investigation is ongoing in the hillside area where homes typically sell for millions of dollars. A cache of ammunition was also seized from the Westwood home.

"Pursuant to an anonymous tip ATF and LAPD became aware of an individual conducting illegal firearms transactions outside the scope of the federal firearm license that the individual possesses," ATF said in a statement.

Authorities valued the private collection at a half-million to a million dollars, per NBC News.

• WSJ: ATF Agents Inundated With Gun Retrieval Requests
• ATF Moves to Fill Loophole on Lost Guns