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$ 8,500,000
Est. payment | /mo
23,776 SqFt
$ 8,500,000
Est. payment | /mo
23,776 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,776 sqft
Price per Sqft $357
MLS Listing ID CL26891689
HOA Y/N No
Year Built 1962
Lot Size 0.554 Acres
Acres 0.5544
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5575005026
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Listed by Jordan Asheghian • Lyon Stahl Investment Real Estate, Inc.
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