2027 N Highland Avenue
Los Angeles, CA 90068
Active for $6,995,000
Beds: 6 Baths: 3 Structure Size: 6,029 sqft Lot Size: 125,661 sqft
| MLS | 24433375 |
| Year Built | 1920 |
| Property Type | Single Family Residence |
| County | Los Angeles |
| Status | Active |
| Active | $6,995,000 |
| Structure Size | 6,029 sqft |
| Lot Size | 125,661 sqft |
| Beds | 6 |
| Baths | 3 |
Description
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 information courtesy of: Catherine Agro, The Oppenheim Group, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/15/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Mike Adzhemyan
REALTOR®
Direct: 818.419.0404
Email: Email Me
DRE: 02096053
DRE #01873088
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