A modernist Los Angeles estate owned by British property tycoon Nick Candy is set to come on the market asking $85 million. CANDY LONDON Text size A modernist Los Angeles estate owned by British property tycoon Nick Candy is set to come on the market asking $85 million, according to representatives for Mr. Candy’s firm Candy Capital.  Known as The Reserve, the estate is located on two acres in the Holmby Hills section of Los Angeles’s westside and comprises both a five-bedroom main residence and a newly built three-story, five-bedroom guest house, according to marketing materials. More: Home in Southern California Water Tower Sells for $4.5 Million Built in 1959, the…