1959 Grace Ave, Los Angeles, CA 90068
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1959 Grace Ave, Los Angeles, CA 90068
1959 Grace Ave, Los Angeles, CA 90068
1959 Grace Ave, Los Angeles, CA 90068
1959 Grace Ave, Los Angeles, CA 90068
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$ 8,500,000
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1959 Grace Ave Los Angeles, CA 90068

37 Beds

43 Baths

23,776 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,776 sqft

Price per Sqft $357

MLS Listing ID 26891689

Bedrooms 37

Year Built 1962

Lot Size 0.554 Acres

Acres 0.5544

Property Sub-Type Multi-Family

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 Sunset Strip - Hollywood Hills West

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall Electric

Cooling Ceiling Fan, Wall/Window

Equipment Ceiling Fan, Dryer, Hood Fan, Range/Oven, Refrigerator, Washer, Microwave

Exterior

Parking Features Gated

Garage Spaces 41.0

Building

Story 4

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Andrei Rafols

Andrei Rafols

Agent License ID: 02014153

+1(310) 651-1906

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1959 Grace Ave