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For sale
  • $8,500,000

    1959 Grace Ave, Los Angeles, CA 90068

    37beds
    43baths
    23,776sqft
    : 
    $56,681/mo
    Get pre-qualified
    Multi Family
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $358/sqft
    $-- HOA

    What's special

    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.
    5 days
    149
    9

    Zillow last checked:

    Listing updated:

    Listed by:

    Jordan Asheghian DRE # 01886605 310-922-0238,

    Lyon Stahl Investment Real Estate, Inc. 310-425-9838,

    Tony Azzi DRE # 00910513 310-909-5454,

    Tony Azzi

    Source: CLAW,MLS#: 26891689MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 37
      • Bathrooms: 43
      Heating
      • Wall Electric
      Cooling
      • Ceiling Fan(s), Wall/Window Unit(s)
      Appliances
      • Included: Dryer, Exhaust Fan, Range/Oven, Refrigerator, Washer, Microwave
      Features
      • Ceiling Fan(s)
      Interior area
      • Total structure area: 23,776
      • Total interior livable area: 23,776 sqft

      Property

      Parking
      • Total spaces: 41
      • Parking features: Gated
      Features
      • Levels: Multi/Split
      • Stories: 4
      Lot
      • Size: 0.55 Acres
      Details
      • Additional structures: None
      • Parcel number: 5575005026
      • Zoning: LARD1.5
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1962

      Community & HOA

      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $358/sqft
      • Tax assessed value: $4,584,371
      • Date on market: 8/27/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/27/2026Listed for sale$8,500,000$358/sqft
        Source: CLAW #26891689 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Hollywood Hills

        Getting around

        89 / 100
        Very Walkable
        66 / 100
        Good Transit
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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