2027 N Highland Avenue
Los Angeles, CA, 90068
$6,995,000
6 Beds
3 Baths
6,029 SqFt
2.88 Acres
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Discover a prime development opportunity on this legendary 3-acre estate in the heart of Hollywood. Formerly known as the Hollywood Art Center School, this historic property spans two lots and includes four interconnected buildings, including a 1920s Mediterranean-Revival mansion influenced by the architects of the nearby Magic Castle. The estate’s grounds are a natural paradise, featuring scenic hiking trails, cascading waterfalls, and a 100-seat stone amphitheater with views of the Hollywood Hills and iconic sign. Potential development options being evaluated include the construction of a multi-story residential building in the R4 zone with up to 80 units, alongside the development of a private membership club within the existing historic buildings. The property may also support the construction of up to 80 hotel guest rooms within the R4 zone, with the possibility of additional detached bungalow-style hotel rooms along Glencoe Way in the R2 zone. This rare property combines historic charm with substantial development potential, all just minutes from the Hollywood Bowl and the vibrant energy of New Hollywood. Survey and summary available upon request.
LISTING AGENT: Catherine Agro
LISTING BROKERAGE: The Oppenheim Group, Inc.
2027 N Highland Avenue
Los Angeles, CA

Property Details

Price:
$6,995,000
MLS #:
24433375
Status:
Active
Beds:
6
Baths:
3
Address:
2027 N Highland Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c03sunsetstriphollywoodhillswest
City:
Los Angeles
Listed Date:
Sep 3, 2024
State:
CA
Finished Sq Ft:
6,029
ZIP:
90068
Lot Size:
125,661 sqft / 2.88 acres (approx)
Year Built:
1920
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Schools

Interior

Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Fireplace Features
Living Room
Flooring
Wood
Heating
Central

Exterior

Parking Features
Garage – Single Door, Driveway, Gated
Parking Spots
20.00
Pool Features
None
Spa Features
None
Stories Total
2
View
City Lights, Hills, Park/ Greenbelt, Trees/ Woods, Valley

Financial

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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