1959 Grace Ave, Los Angeles, CA 90068

$8,500,000
37
BD
43
BA
23,776
SqFt

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List Price
$8,500,000
MLS#
26891689
Year Built
1962
Bedrooms
37
Bathrooms
43
Living Sq. Ft
23,776
Lot Size
24,150
Days on Market
17
Property Type
Multifamily
Stories
4

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.

Additional Information

Other Buildings
None
Heat
Wall Electric
Cooling
Ceiling Fan, Wall/Window
Number of Cars in Garage
Gated

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Calculator source: Real Geeks

Courtesy of Lyon Stahl Investment Real Estate, Inc., Jordan Asheghian - CA DRE#01886605

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