The white blob in in the middle of the hill is the Hollywood sign. Griffith Obeservatory is the while building on the far hill, right above the brownish building on the ridge of the close hill. (Does that make sense?)
This is the opposite view...I'm on Mount Hollywood, looking back towards downtown LA with Griffith Observatory in the foreground.
Normal view from the back deck. The hills disappear in the smog. The red circle shows where the Hollywood hill/sign should be.