About 1959 Grace Avenue
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.
Features of 1959 Grace Avenue
| MLS® # | 26891689 |
|---|---|
| Price | $8,500,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Square Footage | 23,776 |
| Lot Size | 24,150 |
| Year Built | 1962 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 35 |
Community Information
| Address | 1959 Grace Avenue |
|---|---|
| Area | C03 - Sunset Strip - Hollywood Hills West |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90068 |
Amenities
| Parking Spaces | 41 |
|---|---|
| Parking | Gated |
| Garages | Gated |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Microwave, Refrigerator, Dryer, Washer |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 4 |
| Stories | Multi/Split |
Additional Information
| Date Listed | August 10th, 2026 |
|---|---|
| Days on Market | 29 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jordan Asheghian |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |