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37 Beds
43 Baths
23,776 sqft

$8,500,000

1959 Grace Avenue, Los Angeles CA, 90068

Price per sqft$357.50
Built in1962
Property size23,776 sqft
Property typeResidential
Listed by Jordan Asheghian CA DRE# 01886605 with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

Overview

Active

Listed Aug 10, 2026

Updated 3 weeks ago

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.

$56,551/mo

Est. mortgage payment based on a $8,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26891689

Interior Features

Bedrooms
37
Bathrooms
43
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.55 Acres

Other Property Details

55+/Senior Community
No

Also listed on CLAW

MLS provider logo

Listed by Jordan Asheghian CA DRE# 01886605 with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/27/2026 at 4:46 PM UTC Last Checked: 4:46 PM UTC

 

 

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