Mid-Century Apartment Building with
For Sale
$8,500,000
1959 Grace Ave, Los Angeles, CA 90068
Multifamily property with varied unit layouts, controlled entry, on-site parking, and resident laundry facilities.
Property Size23,776 SF
Lot Size0.55 Acres
Days on Market23
Property Features for 1959 Grace Ave
General Information
Standard status
Active
Size
23,776 SF
Total Parking Spaces
41
Lot size
0.55 Acres
Property subtype
MULTI_FAMILY
Zoning
LARD1.5
Amenities
swimming pool
laundry facility
camera security system
controlled entry access
private balcony/patio space
Building Details
Building Size
23,776 SF
Year Built
1962
Construction
Mid-Century Model-style
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Jordan Asheghian · License #01886605
Source:
Rochellemaize
Added: Aug 10
Changed: Aug 30
Last Checked: Aug 29 at 10:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1962 apartment property in Los Angeles offers a mix of studio, one-bedroom, and two-bedroom residences averaging approximately 679 SF. The asset includes a swimming pool, laundry facility, camera security system, controlled entry, and select units with private balcony or patio space. Pool pumps have recently been fixed or replaced.
The property occupies a 24,143 SF corner lot in the Whitley Heights area, within the Whitley Heights HPOZ boundary and zoned LARD1.5. Select units feature views of the Hollywood Sign and city skyline. On-site parking includes 41 spaces, providing more than a one-to-one parking ratio relative to the units.
The property occupies a 24,143 SF corner lot in the Whitley Heights area, within the Whitley Heights HPOZ boundary and zoned LARD1.5. Select units feature views of the Hollywood Sign and city skyline. On-site parking includes 41 spaces, providing more than a one-to-one parking ratio relative to the units.
Key Highlights
- Studio, 1‑bedroom, and 2‑bedroom unit mix averaging approximately 679 SF
- 24,143 SF corner lot in the Whitley Heights area
- 41 on‑site parking spaces with over a 1:1 parking‑to‑unit ratio
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 90068, CA
24,361
Population
14,662
Households
1.7
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
8.0 sq mi
ZIP Area
3,045
Density / Sq Mi
$101,720
Median Household Income
$71,370
Median Earnings
$2,105
Median Rent
$1,840,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied unit layouts, controlled entry, on-site parking, and resident laundry facilities.
Where is this apartment building located?
The property is located at 1959 Grace Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Studio, 1‑bedroom, and 2‑bedroom unit mix averaging approximately 679 SF; 24,143 SF corner lot in the Whitley Heights area; 41 on‑site parking spaces with over a 1:1 parking‑to‑unit ratio
