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$8,500,000
Est. payment /mo
37 Beds
43 Baths
23,776 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 23,776 sqft
Price per Sqft $357
MLS Listing ID 26891689
Bedrooms 37
HOA Y/N No
Year Built 1962
Lot Size 0.554 Acres
Property Description
First time on the market in over 38 years! 1959 Grace Ave is a rare classic Mid-Century Model-style property located in the desirable Whitley Heights area, offering views of the Hollywood Sign and city views from select units. The property features an excellent mix of studio, 1- and 2-bedroom units averaging approximately 679 SF, with over 23% rental upside. Amenities include on-site parking, swimming pool, laundry facility, camera security system, controlled entry access, and 41 parking spaces providing over a 1:1 parking-to-unit ratio. Pool pumps have recently been fixed/replaced, and select units offer private balcony/patio space. Situated on a large 24,143 SF corner lot zoned LARD1.5 and within the Whitley Heights HPOZ boundary. Buyer to verify all information.
Location
State CA
County Los Angeles
Area C03 - Sunset Strip - Hollywood Hills West
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Gated
Total Parking Spaces 41
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5575005026
Special Listing Condition Standard
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Listed by Jordan Asheghian Lyon Stahl Investment Real Estate, Inc. #01886605
Nearby School & Business
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