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.
For sale
$8,500,000
1959 Grace Ave, Los Angeles, CA 90068
37beds
43baths
23,776sqft
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$358/sqft
$-- HOA
What's special
- 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#: 26891689
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
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $8,500,000$358/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hollywood Hills
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