Date
Details
Price
Change
Source
8/10/2026
Listed
$8,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$8,500,000
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1/25
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.
Full Property Details
Full Property Details for 1959 Grace Ave
General
- Price: $8,500,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26891689
- Updated: 8/27/2026
- Added to Site: 18 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 43
Bedrooms
- Total Bedrooms: 37
Additional Information
- Other Features: None
Parking
- Garage Description: Gated
Location
- Area: Sunset Strip - Hollywood Hills West
- County: Los Angeles
- Driving 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.
Heating & Cooling
- Cooling Type: Ceiling Fan, Wall/Window
- Heating Type: Wall Electric
Structural Information
- # Buildings: 1
- Stories/Levels: 4
- Square Feet: 23,776
- Sq. Ft. Source: Assessor
- Year Built: 1962
- Year Built Source: Assessor
Unit Information
- Units in Complex: 35
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 4
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.5544
- Lot Size: 24150
- Lot Size Source: Assessor
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $357.5
- Assessment Year: 1962
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5575-005-026
Listed by Lyon Stahl Investment Real Estate, Inc., Jordan Asheghian and Tony Azzi, Tony Azzi
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 1959 Grace Ave —
Jordan Asheghian
Lyon Stahl Investment Real Estate, Inc.
Tony Azzi
Tony Azzi
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1959 Grace Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Selma Avenue Elementary School 6611 Selma Avenue, Los Angeles, CA 90028 | PK-5 | 0.4 mi |
Hubert Howe Bancroft Middle School 929 North Las Palmas Avenue, Los Angeles, CA 90038 | 6-8 | 1.3 mi |
Hollywood Senior High School 1521 Highland Avenue, Los Angeles, CA 90028 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1959 Grace Ave
Tax History
Tax History for 1959 Grace Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$58,919
—
$4,676,057
2%
2025
$58,919
2%
$4,584,371
4%
2023
$57,988
6%
$4,414,958
2%
2022
$54,483
—
$4,328,560
2%
2021
$54,487
1%
$4,243,856
1%
2020
$54,170
4%
$4,200,429
2%
2019
$52,122
1%
$4,109,636
2%
2018
$51,793
2%
$4,029,056
2%
2017
$50,584
3%
$3,950,056
2%
2016
$49,223
1%
$3,872,605
2%
2015
$48,507
-1%
$3,814,436
2%
2014
$48,874
—
$3,739,717
—
2013
$48,871
—
$3,722,817
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1959 Grace Ave
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- Single Family
- Active
- Updated 15 hours ago
- 2Beds
- 1Total Bath
- 1,024Sq. Ft.
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- Business
- Active
- Updated 1 day ago
- 2,755Sq. Ft.
- 0.1706Acres
- Condo
- Active
- Updated 14 hours ago
- 4Beds
- 4Total Baths
- 1,580Sq. Ft.
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![[Address not provided], Los Angeles, CA 90069 - Photo 1](https://m1.cbhomes.com/p/511/25608225/6eb397d5e3f8492/s23cc.webp)
1959 Grace Ave, Los Angeles, CA 90068 (MLS# 26891689) is a Multi-Family property with units containing 37 bedrooms and 0 full bathrooms. 1959 Grace Ave is currently listed for $8,500,000 and was received on August 10, 2026. Want to learn more about 1959 Grace Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.