1942 Grace Avenue 118, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 2 bath
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Los Angeles, California 90068
This Modernized Hollywood Hills Sanctuary is a Strong Value Opportunity, listed at $679,000—positioned well below the $720,635 Fair Market Value by 5%. This valuation gap provides $41,635 in Instant Equity for a property boasting an Excellent Condition Rating. The unit features a high-quality modern renovation, soaring ceilings, and a private enclosed patio, complemented by resort-style amenities including tennis and racquetball courts. Located near major studios and top-rated schools like Valley View Elementary (8/10), it is an ideal acquisition for Owner-Occupants or Professionals seeking a turnkey lifestyle with built-in financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1942 Grace Avenue 118 Subject | $679,000* List Price | 2 | 2 | 1,257 | $573 | - |
A 1940 N Highland Avenue 54 Sold | $645,000 | 2 | 2 | 1,242 | $519 | 0.3 mi |
B 2222 N Beachwood Drive 207 Sold | $830,000 | 2 | 2 | 1,328 | $625 | 0.7 mi |
C 2700 Cahuenga Boulevard 2310 Sold | $725,000 | 2 | 2 | 1,181 | $614 | 0.8 mi |
D 1940 N Highland 17 Active | $599,000 List Price | 2 | 2 | 1,257 | $477 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building was constructed in 1982, the unit has undergone a high-quality modern renovation likely within the last 5 years. The kitchen features contemporary flat-panel cabinetry, butcher block counters, and stainless steel appliances. The interior is in mint condition with updated wood flooring, a spa-like primary bathroom, and functional central HVAC, requiring no immediate maintenance.
The complex offers an extensive amenity package including a pool, spa, gym, and rare tennis and racquetball courts, providing a luxury lifestyle in the heart of the Hollywood Hills.
With only one shared wall, soaring ceilings, and a private enclosed patio, this unit offers a quiet, retreat-like atmosphere that is rare for high-density condominium living.
The property is perfectly positioned near major film studios, the Hollywood Bowl, and Runyon Canyon, making it highly desirable for industry professionals and active urban dwellers.
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 monthly HOA fee of $860 is significant and may deter price-sensitive buyers or impact mortgage qualification despite the inclusive amenities.
Constructed in 1982, the building may require more frequent maintenance or future capital improvements compared to newer developments in the area.
Welcome to resort living in the heart of the Hollywood Hills! This stylish 2-bed, 2-bath condo offers rare privacy with only one shared wall, creating a peaceful retreat above the city. Inside, a light-filled living room with soaring ceilings, warm wood floors, and a cozy fireplace sets the tone, flowing seamlessly to your private enclosed patio, perfect for morning coffee or unwinding under the evening lights. The updated kitchen is both modern and functional, featuring sleek finishes, stainless steel appliances, ample cabinetry, and convenient in-unit laundry. The spacious primary suite serves as a true escape, complete with a walk-in closet and a spa-like bath with a soaking tub. The second bedroom offers flexibility for guests, a home office, or a creative space. There are two side-by-side gated parking spots with elevator access, multiple guest spots, and shared storage. Additional highlights include central heat and air and access to an impressive collection of amenities, including a pool, spa, gym, tennis court, and racquetball. Best of all, this convenient location is close to everything, including restaurants and shops on Cahuenga, nightlife, as well as major TV and film studios, Runyon Canyon, and the Hollywood Bowl, offering the perfect balance of city energy and tranquil hillside living.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,257 | 1,257.5 | 50% |
| Lot Size | 50,507 | 49,252.5 | 50% |
| Price | $679.0K | $712.5K | 44% |
| Price per sq ft | $540 | $569 | 50% |
| Built year | 1982 | 1982 | 50% |
| HOA | $860.0 | $634 | 83% |
| Days on market | 37 | 166 | 6% |
Apr 30, 2026
$679,000
Initial Listing
Sep 8, 2021
$659,000
Public Record
Nov 15, 2013
$375,000
Public Record