
Los Angeles, California 90068
This Turnkey Condominium represents a Strong Value Opportunity, listed at $612,000—positioned well below the $596,541 Fair Market Value by -2%. Featuring a Mint Condition Rating with a high-end kitchen remodel, this residence offers a resort-style lifestyle with Hollywood Hills views, a pool, and rare side-by-side parking. While HOA dues are notable, the proximity to top-rated schools like Valley View Elementary and John Marshall High adds long-term stability. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a sophisticated, move-in-ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1942 Grace Avenue 127 Subject 2 bd · 2 ba · 1,257 sqft · $475 | $612,000* List Price | 2 | 2 | 1,257 | $475 | - |
A 1940 N Highland Sold 2 bd · 2 ba · 980 sqft · $444 · 0.3 mi | $435,000 | 2 | 2 | 980 | $444 | 0.3 mi |
B 2260 N Cahuenga Boulevard 502 Sold 2 bd · 2 ba · 1,258 sqft · $358 · 0.3 mi | $450,000 | 2 | 2 | 1,258 | $358 | 0.3 mi |
C 1900 Vine Street 214 Sold 1 bd · 2 ba · 1,127 sqft · $479 · 0.3 mi | $540,000 | 1 | 2 | 1,127 | $479 | 0.3 mi |
D 1930 Holly Drive 9a Sold 2 bd · 2 ba · 1,199 sqft · $521 · 0.1 mi | $625,000 | 2 | 2 | 1,199 | $521 | 0.1 mi |
E 6752 Hillpark Drive 202 Sold 2 bd · 2 ba · 1,181 sqft · $402 · 0.9 mi | $475,000 | 2 | 2 | 1,181 | $402 | 0.9 mi |
F 6700 Hillpark Drive 204 Sold 2 bd · 2 ba · 1,040 sqft · $440 · 0.9 mi | $458,000 | 2 | 2 | 1,040 | $440 | 0.9 mi |
G 1951 N Beachwood Drive 206 Sold 2 bd · 3 ba · 1,330 sqft · $575 · 0.6 mi | $765,000 | 2 | 3 | 1,330 | $575 | 0.6 mi |
H 1942 Grace Avenue 118 Active 2 bd · 2 ba · 1,257 sqft · $437 · 0.0 mi | $549,000 List Price | 2 | 2 | 1,257 | $437 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The unit features a recent high-end renovation (less than 5 years) including brand-new GE Profile stainless appliances, quartz countertops, and modern Art Deco tile. With updated flooring, a refreshed fireplace, and central HVAC, the property is in mint, move-in ready condition despite the 1982 build date.
The property is situated within 'The Premiere,' a 1.1-acre complex offering an extensive suite of amenities including tennis, racquetball, and basketball courts, a pool, and a fitness center, providing a luxury hotel-like lifestyle.
The unit features a high-end remodel with brand-new GE Profile stainless-steel appliances, quartz countertops, and stylish Art Deco tile, offering a sophisticated, move-in-ready space for entertaining.
The inclusion of two side-by-side parking spaces with elevator access is a significant rarity in the Hollywood Hills condo market, providing superior convenience over standard tandem parking.
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.
At $860 per month, the association fees are relatively high, which may impact the debt-to-income ratio for buyers and increase the overall cost of ownership.
While the local elementary and high schools are well-rated, the assigned middle schools have ratings as low as 3/10, which may be a concern for families prioritizing long-term educational quality.
Welcome to 1942 Grace Avenue, where the glamour and romance of Old Hollywood meet the ease and modern sophistication of today. Tucked into the Hollywood Hills, this gorgeous two-bedroom, two-bath condominium offers a rare combination of privacy, views, resort-style amenities, and easy access to the best of Los Angeles. The light-filled living, dining and kitchen spaces are perfect for entertaining and feature a wet bar, gas fireplace and built-in storage. Brand-new stainless-steel GE Profile appliances, bright chrome fixtures, quartz countertops and stunning arabesque, Art Deco tile will make you feel like a gourmet chef. The bedrooms, large and airy, are separated by a central hallway and have fantastic privacy. One bath is accessible to guests and the other is part of the large primary suite that includes an enviable walk-in closet. The second bedroom could also serve as a den, office or media room. In-unit laundry, central heat and air, and a Brinks alarm system are included for everyday convenience, comfort and security. Beyond your front door is The Premiere. This 1.1-acre condominium complex delivers a distinctly Los Angeles lifestyle with views of the Hollywood Hills, Hollywood sign and Hollywood skyline. Behind the gates of this hillside hideaway are luscious, manicured grounds, a swimming pool, spa, barbecue area, tennis courts, indoor racquetball and basketball courts, a fitness center/gym and a recreation room -- all of which lends to the feeling of staying at a 5-star Hollywood hotel. The unit includes the rarity of two side-by-side (not tandem!) parking spaces with elevator access and guest parking. And then there is the location. Just steps from Whitley Heights and it's much higher price points. Close to cafes, restaurants, bars, shops, & groceries and moments from Runyon Canyon, the Hollywood Bowl, the Kodak Center, nightlife, and major television and film studios. This is a rare opportunity to have the energy and pulse of Hollywood mere minutes away from a chic retreat in the quiet of the hills -- an exceptional opportunity.
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 | 1,257 | 1,252.996 |
| Lot Size | 50,507 | 26,029.603 |
| Price | $612.0K | $778.5K |
| Price per sq ft | $487 | $629 |
| Built year | 1982 | 1981 |
| HOA | $860.0 | $676 |
| Days on market | 40 | 74 |
Sep 30, 2026
$612,000
Initial Listing