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Stacey Alysson Melman

1959 Grace AV
Los Angeles, CA, 90068
$8,500,000
37 Beds
43 Baths
23,776 SqFt
0.55 Acres
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MLS #26891689 image #0
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.
AGENT: Jordan Asheghian
LISTING BROKERAGE: Lyon Stahl Investment Real Estate, Inc.
1959 Grace AV
Los Angeles, CA

Property Details

Price:
$8,500,000
MLS #:
26891689
Status:
Active
Beds:
37
Baths:
43
Type:
Single Family
Neighborhood:
c03sunsetstriphollywoodhillswest
Listed Date:
Aug 27, 2026
Finished Sq Ft:
23,776
Total Sq Ft:
23,776
Lot Size:
24,150 sqft / 0.55 acres (approx)
Year Built:
1962
C03 – Sunset Strip – Hollywood Hills WestC03sunsetstriphollywoodhillswest
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Schools

Interior

Appliances
MW, RF
Cooling
WW
Interior Features
CF
Laundry Features
DINC, WINC
Levels
S

Exterior

Parking Spots
41
Parking Total
41

Financial

Gross Operating Income
$797,407
Net Operating Income
$504,749

Map

Community

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