1959 Grace Avenue Los Angeles, CA ^$ 8,500,000

1959 Grace Avenue

^$ 8,500,000

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Recently Listed

1959 Grace Avenue

Los Angeles, CA, 90068

^$ 8,500,000

Bedrooms37 Baths6.0 Sq 23,776

Monthly Estimate*

^$ 53,670

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $8,500,000 with 37 bedrooms and 6 full baths. This 23,776 square foot home was built in 1962 on a lot size of 0.5544.

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.

Multi-Family Active

Price

^$ 8,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.5544

Year Built

1962

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26891689

Days on Market

Features

General

Living Area 23776

Cooling Wall/Window Unit(s)

Appliances Microwave Refrigerator Dryer Washer

Zoning LARD1.5

Year Built 1962

Levels Multi/Split

Gross Income 822007

County Los Angeles

Net Operating Income 504749

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions From Hollywood Blvd head north on N Grace Ave toward Franklin Ave. Property is on Grace Ave in the Whitley Heights/Hollywood Hills area.

City Los Angeles

Senior Community Y/N false

Number Of Units Total 35

MLS Area C03 - Sunset Strip - Hollywood Hills West

Lot Size Units Square Feet

Lot Size Square Feet 24150

Standard Status Active

Year Built Source Assessor

Cap Rate 5.94

Interior

Interior Amenities Ceiling Fan(s)

Total Stories 4

Air Conditioning Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 37

Total Baths 43

Exterior

Parking Features Gated

Total Parking 41

Lot Size Area 24150

Number of Buildings 1

Building Area Total 23776

Lot Size Acres 0.5544

Lot Size Source Assessor

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

Jordan.Asheghian@lyonstahl.com

Affordability Calculator

$53,670

Per Month

Monthly Principal & Interest: $53,670
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,859,621

Percent of Sale Price 78%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
8/27/2026	$8,500,000		Listed Price

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1959 Grace Avenue, Los Angeles, CA, 90068 is a Multi-Family Home for sale at $8,500,000 with 23,776 sqft and a lot size of 0.5544. 1959 Grace Avenue has 37 bedrooms, 6.0 baths, and was built in 1962. The property's zip code is 90068 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 8/28/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1959 Grace Avenue

Multi-Family Home for sale in Los Angeles, CA

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