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

1959 Grace Avenue

^$ 8,500,000

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1959 Grace Avenue

Los Angeles, CA, 90068

^$ 8,500,000

Studio Baths0.0 Sq 23,776

Monthly Estimate*

^$ 53,670

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $8,500,000. This 23,776 square foot home was built in 1962 on a lot size of 0.55.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.55

Year Built

1962

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026891689

Features

General

Living Area 23776

Cooling Wall/Window Unit(s)

Zoning LARD1.5

Year Built 1962

Levels Multi/Split

County Los Angeles

New Construction false

Property Type Residential Income

HOA false

Status Active

City Los Angeles

Senior Community Y/N false

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

Interior

Interior Amenities Ceiling Fan(s)

Total Stories 4

Air Conditioning Y/N true

Laundry Features Dryer Included Washer Included

Total Baths 0

Exterior

Lot Size Area 24150

Building Area Total 23776

Lot Size Acres 0.55

* Excluded Features

List By

Jordan Asheghian

Listing Agent

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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Yearly Home Insurance

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

0 Middle School

Unknown High School High School

See complete school information

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 0.55. 1959 Grace Avenue is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 8/27/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1959 Grace Avenue

Multi-Family Home for sale in Los Angeles, CA

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