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$6,995,000

Est. payment - /mo

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6 BD

3 BA

6,029 SqFt

Active

2027 N Highland AVE Los Angeles, CA 90068

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/28/2024 11:47 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 6,029 sqft

Price per Sqft $1,160

MLS Listing ID 24433375

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1920

Lot Size 2.885 Acres

Property 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.

Location

State CA

County Los Angeles

Area C03 - Sunset Strip - Hollywood Hills West

Zoning LAR2

Rooms

Other Rooms Guest House, Shed(s)

Interior

Interior Features Atrium

Heating Central

Cooling Central Air

Flooring Wood

Fireplaces Type Living Room

Furnishings Unfurnished

Fireplace Yes

Appliance Dishwasher, Refrigerator, Dryer

Exterior

Garage Door-Single, Driveway, Garage, Gated

Pool None

View Y/N Yes

View City Lights, Park/Greenbelt, Hills, Valley, Trees/Woods

Parking Type Door-Single, Driveway, Garage, Gated

Total Parking Spaces 20

Private Pool No

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

Additional Building Guest House, Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5549030001

Special Listing Condition Standard

Listed by Catherine Agro • The Oppenheim Group, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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