
Los Angeles, California 90068
This Turnkey Condominium represents a Strong Value Opportunity, listed at $625,000—positioned well below the $664,239 Fair Market Value by 5%. This valuation gap provides $39,239 in Instant Equity. With a Condition Rating of 2, the unit features a recently upgraded kitchen and modern baths. Residents enjoy Hollywood skyline views, a private balcony, and extensive amenities including a pool and fitness center. Located near top-rated schools like Valley View Elementary, this is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1942 Grace Avenue 217 Subject | $625,000* List Price | 2 | 2 | 1,116 | $595 | - |
A 1900 Vine Street 214 Sold | $540,000 | 1 | 2 | 1,127 | $479 | 0.3 mi |
B 2700 Cahuenga Boulevard 2310 Sold | $725,000 | 2 | 2 | 1,181 | $614 | 0.8 mi |
C 1942 Grace Avenue 118 Active | $679,000 List Price | 2 | 2 | 1,257 | $540 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was constructed in 1982, the unit features a recently upgraded kitchen and modern bathrooms with contemporary subway tile and finishes, indicating a renovation within the last 5 years. The interior is in mint condition with updated flooring and systems including central A/C and in-unit laundry.
The property offers a rare combination of Hollywood Hills living with high walkability to the Hollywood Bowl, cafes, and everyday conveniences, providing a vibrant urban-hillside lifestyle.
Residents have access to a comprehensive suite of amenities, including a pool, spa, fitness center, tennis, and racquetball courts, plus the rare benefit of two side-by-side gated parking spaces.
The split-bedroom floor plan optimizes privacy by placing bedrooms on opposite sides of the unit, complemented by modern features like an upgraded kitchen and central A/C.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =50507, other record lot size in square feet = 50376.
The association fee of $850 per month is relatively high for this price point, which may impact the overall monthly carrying costs and affordability for some buyers.
The community is currently at its rental cap, which restricts the property to owner-occupants and prevents immediate use as an income-generating investment property.
Views. Walkability. Hollywood Hills living - A rare combination at this price point! Wake up to Hollywood skyline and hillside views, then end the day watching the sunset from your private balcony. Walk to the Hollywood Bowl, cafes, restaurants, bars, grocery stores, gyms, and everyday conveniences while enjoying a peaceful hillside setting. The split-bedroom floor plan places each bedroom on opposite sides of the home for exceptional privacy. The open living and dining areas flow seamlessly to the balcony and are complemented by an upgraded kitchen, in-unit laundry, central A/C, built-ins, and a spacious primary suite with a walk-in closet and ensuite bath. Community amenities include a pool, spa, fitness center, tennis, racquetball, basketball, BBQ area, guest parking, and two assigned side-by-side gated parking spaces. Financing welcome. Rentals are permitted by the HOA; however, the community is currently at its rental cap, making this an ideal opportunity for an owner-occupant. Buyer to independently verify all information, including square footage, HOA rules, rental restrictions, amenities, parking, permits, and other property details.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,116 | 1,243 |
| Lot Size | 50,507 | 24,016 |
| Price | $625.0K | $805.6K |
| Price per sq ft | $560 | $659 |
| Built year | 1982 | 1981 |
| HOA | $850.0 | $684 |
| Days on market | 15 | 71 |
Jul 7, 2026
$625,000
Initial Listing
Oct 16, 2018
$595,000
Public Record
Sep 8, 2016
$485,000
Public Record
Nov 8, 2002
$320,000
Public Record
Jun 5, 2000
$166,000
Public Record