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.
Property Details
Price:
$8,500,000
MLS #:
26891689
Status:
Active
Beds:
37
Baths:
43
Type:
Single Family
Neighborhood:
c03sunsetstriphollywoodhillswest
Listed Date:
Aug 27, 2026
Finished Sq Ft:
23,776
Total Sq Ft:
23,776
Lot Size:
24,150 sqft / 0.55 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Appliances
MW, RF
Cooling
WW
Interior Features
CF
Laundry Features
DINC, WINC
Levels
S
Exterior
Parking Spots
41
Parking Total
41
Financial
Map
Community
- Address1959 Grace AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90068
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Aug 31, 2026
8,072
Single Family Listed
87
Avg DOM
428
Avg $ / SqFt
$1,560,155
Avg List Price
Property Summary
- 1959 Grace AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90068. It is listed for $8,500,000 and features 37 beds, 43 baths, and has approximately 23,776 square feet of living space, and was originally constructed in 1962. The current price per square foot is $358. The average price per square foot for Single Family listings in Los Angeles is $428. The average listing price for Single Family in Los Angeles is $1,560,155.
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1959 Grace AV
Los Angeles, CA