Los Angeles

1959 Grace Ave, Los Angeles, CA

Active

Price: $8,500,000
Units: 35
Per Unit: $242,857
Lot Size: 24,143 sqft

Property Details

Published figures for 1959 Grace Ave, Los Angeles, CA
Price	$8,500,000
Units	35
Per Unit	$242,857
Lot Size	24,143 sqft
Property Type	Apartment
Status	Active
City	Los Angeles
Zip	90068

1959 Grace Ave – The Palms. First time to be sold in over 38 years. A rare classic mid-century model-style property in Whitley Heights with views of the Hollywood Sign, an excellent unit mix of studio, one- and two-bedroom units averaging approximately 679 SF, approximately over 23% rental upside, on-site parking with 41 spaces (over 1:1), a swimming pool, laundry, a camera security system and controlled entry. Large 24,143 SF corner lot zoned LARD1.5. Buyer to verify all information. Property sits within the Whitley Heights HPOZ.