
West Hollywood, California 90046
This residence at the legendary Granville Towers represents a High-Potential Investment Opportunity, listed at a List Price of $724,999—positioned well below the $637,321 Fair Market Value by -13%. While the unit maintains a Condition Rating of 4, its historic pedigree and Mills Act tax benefits provide a unique financial hedge. The property features panoramic views and a private patio, offering significant upside for those who modernize the interior. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset in a high-demand West Hollywood location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1424 N Crescent Heights Boulevard 49 Subject | $724,999* List Price | 1 | 1 | 914 | $697 | - |
A 7915 Norton Avenue 1/8 Sold | $798,000 | 2 | 1 | 929 | $859 | 0.4 mi |
B 1328 Havenhurst Drive 207 Sold | $699,000 | 2 | 2 | 919 | $761 | 0.1 mi |
C 1321 N Hayworth Avenue A Sold | $870,000 | 2 | 2 | 1,169 | $744 | 0.2 mi |
D 1275 N Harper Avenue 10 Sold | $550,000 | 1 | 1 | 764 | $720 | 0.3 mi |
E 1424 N Crescent Heights Boulevard 68 Sold | $805,000 | 1 | 1 | 1,177 | $684 | - |
F 1275 N Harper Avenue 11 Sold | $710,000 | 2 | 2 | 1,013 | $701 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930 with a kitchen and interior that appear to have been renovated 20+ years ago; the unit is functional and livable but dated, with the listing explicitly highlighting it as a value-add opportunity for renovation.
Located in the legendary Granville Towers, this French Normandy-style landmark offers unmatched architectural significance and a storied history of celebrity residents.
The property benefits from the Mills Act, providing substantial property tax reductions that significantly lower the overall cost of ownership and offset HOA dues.
As the lowest-priced unit in a high-demand building, this residence presents a rare value-add opportunity to renovate and capture significant equity upside.
While functional, the unit is positioned as a 'reimagine' project, requiring additional capital investment to modernize and reach its full market premium.
Built in 1930, the property may lack some of the modern infrastructure, such as updated plumbing or open-concept layouts, found in newer luxury developments.
Priced to sell, this is hands down the best opportunity in Granville Towers, as nothing has sold in the building at this price in years. It will not last. Just moments from the Sunset Strip, welcome to Residence #49 at the legendary Granville Towers, widely regarded as "The Dakota of Los Angeles." Designed in 1930 by Leland Bryant in a striking French Normandy style, this iconic, doorman building is one of West Hollywood's most architecturally significant and culturally rich addresses. A true piece of Hollywood history, the Granville has housed an extraordinary roster of residents over the decades, including Marilyn Monroe, Rock Hudson, David Bowie, Jennifer Hudson, Mickey Rourke, and more. An unmatched pedigree that continues to draw creatives, tastemakers, and those who understand legacy real estate. Residence #49 spans approximately 914 sq ft and is flooded with natural light, featuring hardwood floors and desirable southern exposures. It is perfectly charming and entirely livable today, but make no mistake, this is also a rare value-add opportunity. Renovate, reimagine, and unlock serious upside in a building where finished units command a premium. The lowest-priced unit currently available in the building, this is a true entry-level opportunity into a historically significant, high-demand property where opportunities like this are few and far between. The building benefits from Mills Act designation, delivering substantial property tax savings, often a fraction of standard Los Angeles property taxes, adding a powerful financial incentive to an already compelling investment. Amenities include a staffed front desk, lush, landscaped grounds with fountains, a lit and gated dog run, subterranean parking, and an atmosphere that feels more like a boutique European hotel than condominium living. Unbeatable location just seconds from everything: Trader Joe's, Bristol Farms, Chateau Marmont, Sunset Tower Hotel, Equinox, CVS, and the very best of the Sunset Strip's dining, shopping, and nightlife. A rare chance to buy into history, create value, and secure one of West Hollywood's most iconic addresses at an aggressive price point. Opportunities like this don't come around twice. Listing agent resides in the building and is the HOA President, so it is easy to show and will be a seamless transaction. The extremely low Mills Act property taxes offset the HOA dues.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 40% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 914 | 1,013 | 33% |
| Lot Size | 29,756 | 26,205 | 53% |
| Price | $725.0K | $710.0K | 53% |
| Price per sq ft | $793 | $668 | 85% |
| Built year | 1930 | 1972 | 13% |
| HOA | $0 | $626 | 4% |
| Days on market | 16 | 148 | 2% |
May 21, 2026
$724,999
Initial Listing
Jan 9, 2013
$460,000
Public Record
Feb 23, 2001
$279,000
Public Record
May 3, 1996
$100,000
Public Record
May 27, 1994
$130,000
Public Record