1940 N Highland Avenue 59, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 2 bath
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1940 N Highland Avenue 59
Los Angeles, California 90068
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,434Sq Ft
65,553Lot Size
Property Price
LIST PRICE$577,000
EST. MARKET VALUE
$566,878
SUMMARY
This Turnkey Penthouse Condo is a Strong Value Opportunity, listed at $579,000—positioned slightly above the $574,058 Fair Market Value. Featuring a Good Condition Rating, this unit offers a sophisticated lifestyle with 20-foot ceilings, a private loft, and modern upgrades including new recessed lighting and stainless appliances. Residents enjoy premium amenities like a pool, gym, and gated parking. While school ratings are modest, the proximity to Griffith Park and Hollywood landmarks provides significant appeal. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready urban sanctuary.
Estimated Market Value
$566,878
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1940 N Highland Avenue 59 Subject 2 bd · 2 ba · 1,434 sqft · $395 | $577,000* List Price | 2 | 2 | 1,434 | $395 | - |
A 6752 Hillpark Drive 202 Sold 2 bd · 2 ba · 1,181 sqft · $402 · 0.8 mi | $475,000 | 2 | 2 | 1,181 | $402 | 0.8 mi |
B 1930 Holly Drive 9a Sold 2 bd · 2 ba · 1,199 sqft · $521 · 0.4 mi | $625,000 | 2 | 2 | 1,199 | $521 | 0.4 mi |
C 2260 N Cahuenga Boulevard 502 Sold 2 bd · 2 ba · 1,258 sqft · $358 · 0.4 mi | $450,000 | 2 | 2 | 1,258 | $358 | 0.4 mi |
D 6700 Hillpark Drive 204 Sold 2 bd · 2 ba · 1,040 sqft · $440 · 0.8 mi | $458,000 | 2 | 2 | 1,040 | $440 | 0.8 mi |
E 6724 Hillpark Drive 201 Sold 2 bd · 2 ba · 1,234 sqft · $405 · 0.8 mi | $500,000 | 2 | 2 | 1,234 | $405 | 0.8 mi |
F 1940 N Highland Sold 2 bd · 2 ba · 980 sqft · $444 | $435,000 | 2 | 2 | 980 | $444 | - |
G 1900 Vine Street 214 Sold 1 bd · 2 ba · 1,127 sqft · $479 · 0.6 mi | $540,000 | 1 | 2 | 1,127 | $479 | 0.6 mi |
H 1942 Grace Avenue 122 Active 2 bd · 2 ba · 1,257 sqft · $497 · 0.3 mi | $625,000 List Price | 2 | 2 | 1,257 | $497 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1982, the unit is well-maintained and move-in ready following a remodel. Key updates include new recessed lighting (2026), fresh paint, newer central HVAC, and a kitchen equipped with stainless steel appliances and stone countertops. The hardwood flooring throughout and penthouse status further support a 'Good' rating for its age bracket.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Appeal & Layout
This penthouse unit features impressive 20-foot ceilings and a functional loft space, situated on the quiet rear side of the building to ensure a peaceful living environment away from Highland Avenue traffic noise.
- Turnkey Modern Upgrades
The property is move-in ready with significant recent improvements, including new recessed lighting, hardwood flooring throughout, and updated essential systems like the central air conditioning and stainless steel appliances.
- Parking & Building Security
Rare for the area, the unit includes side-by-side gated parking and access to 16 guest spaces, while the HOA provides financial peace of mind by including earthquake insurance with no pending special assessments.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $954.76 is substantial, which may impact the overall affordability and appeal for budget-conscious buyers despite the included insurance and amenities.
- Modest School Ratings
The assigned public elementary and middle schools carry lower performance ratings (4 and 3 respectively), which could be a drawback for families prioritizing top-tier educational districts.
About 1940 N Highland Avenue 59
Westside property with better price than most Valley locations. Why drive an extra 30 minutes home when you can be home already in the quiet rear side this great location. No high traffic noise from Highland. Quiet backside penthouse unit facing pool area, remodeled top floor condo in an amenities filled building close to Hollywood Walk of Fame and the Hollywood Bowl. New recessed lights installed June 2026 throughout the unit. Newly repainted for immediate move-in. Newer central air conditioning and heat, stainless appliances, and newer refrigerator (1 year old). Pool, jacuzzi, gym and BBQ area. 20' high ceilings with loft. Parking includes 2 gated underground assigned parking spaces (side by side), along with 26 on-site gated guest parking spaces. Building amenities include a pool, jacuzzi, gym, and BBQ area. The building features dual-street access with entry points off both Highland Avenue and N Las Palmas Ave (off Franklin), providing a gated back entrance option for residents to bypass Highland traffic. Monthly HOA dues cover earthquake insurance, with zero special or pending assessments. Located directly across from the Hollywood Bowl with close proximity to the 101 freeway entrance, Franklin Ave, Hollywood Blvd, and Runyon Canyon Park.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 65,553 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $954.76 / Month
Neighborhood Insights
Los Angeles Unified Schools
Selma Avenue Elementary School
Grades K-6 • 0.5 mi
4/10
Hubert Howe Bancroft Middle School
Grades 6-8 • 1.3 mi
3/10
Hollywood Senior High School
Grades 9-12 • 0.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,434 | 1,252.996 |
| Lot Size | 65,553 | 26,029.603 |
| Price | $577.0K | $778.5K |
| Price per sq ft | $402 | $629 |
| Built year | 1982 | 1981 |
| HOA | $954.76 | $676 |
| Days on market | 27 | 74 |
Pricing History
Listed for Sale
Nov 3, 2026
$577,000
$578,000
+0% Price Increase
Initial Listing
Price Change
Oct 31, 2026
$578,000
$579,000
+0% Price Increase
Initial Listing
Price Change
Oct 19, 2026
$579,000
$589,000
-2% Price Drop
Initial Listing
Price Change
Oct 13, 2026
$589,000
Initial Listing
Sold
Apr 11, 2011
$289,000
Public Record
Sold
Oct 6, 2006
$605,000
Public Record
Sold
Aug 7, 2003
$428,000
Public Record
Sold
Mar 30, 2001
$250,000
Public Record
Sold
Dec 30, 1996
$124,000
Public Record