Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
37 Beds
43 Baths
23,776 sqft

$8,500,000

1959 Grace Ave, Los Angeles CA, 90068

Price per sqft$357.50
Built in1962
Property size23,776 sqft
Property typeMulti-family

Overview

Active

Listed Aug 10, 2026

Updated 2 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
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.55 Acres

Listed by Jordan Asheghian with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-922-0238 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Dana Benyehuda shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/27/2026

.     

Powered by Luxury Presence