Witness mild dyslexia in action! I got my right and left mixed up.
The capital letters are the correct directions:

Mt Lee, Los Angeles, California

Placed 4-13-03 by The Mandrill

themandrill5@yahoo.com

Find this letterbox and you'll be rewarded with a rare view of the
Hollywood Sign from the back. Find Franklin Ave, just north and
parallel to Hollywood Blvd. A few blocks east of Vine is a small
street called Beachwood. Take this north for a ways, through several
stop signs, until you come to Ledgewood, and go left. Follow
Ledgewood uphill until you come to a five-way intersection. Go
straight ahead and slightly to the right, merging with Deronda.
Follow Deronda as it winds past luxurious houses, all the way to the
end where there is a white wall and gate on the RIGHT. Park and go to
the left of the gate where you will see a small pedestrian gate,
letting you into the service road. Don't worry about the restricted
entry signs; these are referring to cars. Follow this concrete
service road to the top of Mt Lee, where you will see spectacular
views of Burbank and the San Fernando Valley on your right. As you
near the top and the road curves sharply to the LEFT, you will see a
green chainlink fence ahead. Starting at the right end of the fence,
count 10 fencepoles to the left. Stand with your back to the tenth
pole, and walk straight ahead into a sandstone cliff face. About
seven feet up from the ground is a small hole, with the letterbox
buried in sand. After, continue a short ways up the road to see the
enormous Hollywood Sign letters from the back, with the Hollywood
Reservoir and Hills spread below you.