1942 Grace Avenue 217, Los Angeles, California 90068, Los Angeles, 90068 - 2 bed, 2 bath
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1942 Grace Avenue 217
Los Angeles, California 90068
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,116Sq Ft
50,507Lot Size
Property Price
LIST PRICE$625,000
EST. MARKET VALUE
$569,029
9% AboveMARKET VALUE
SUMMARY
This Hollywood Hills Condominium represents a Strong Value Opportunity, listed at $625,000—positioned above the $569,030 Fair Market Value. While priced at a premium, the property offers a unique financial advantage through Seller Financing at a 5% interest rate, providing significant monthly savings. Featuring a Condition Rating of 3, the unit includes an upgraded kitchen, central A/C, and sweeping city views. With resort-style amenities and proximity to top-rated schools like Valley View Elementary, this residence is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle.
Estimated Market Value
$569,029
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 |
|---|---|---|---|---|---|---|
★ 1942 Grace Avenue 217 Subject 2 bd · 2 ba · 1,116 sqft · $510 | $625,000* List Price | 2 | 2 | 1,116 | $510 | - |
A 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 |
B 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 |
C 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 |
D 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 |
E 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 |
F 6724 Hillpark Drive 201 Sold 2 bd · 2 ba · 1,234 sqft · $405 · 0.9 mi | $500,000 | 2 | 2 | 1,234 | $405 | 0.9 mi |
G 1942 Grace Avenue 122 Active 2 bd · 2 ba · 1,257 sqft · $497 · 0.0 mi | $625,000 List Price | 2 | 2 | 1,257 | $497 | 0.0 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 features a recently upgraded kitchen with modern shaker-style cabinetry, stainless steel appliances, and updated flooring throughout. The presence of central A/C and in-unit laundry indicates well-maintained systems, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Attractive Seller Financing
The availability of seller financing at a 5% interest rate provides a rare and significant financial advantage, offering potential buyers substantial monthly savings over traditional market rates.
- Resort-Style Amenities
The complex offers an exceptional amenity package including a pool, spa, fitness center, tennis, and basketball courts, complemented by two rare side-by-side gated parking spaces.
- Prime Location and Views
Situated in the Hollywood Hills with high walkability to the Hollywood Bowl and local dining, the unit features a private balcony with sweeping skyline and sunset views.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Rental Restrictions
The HOA rental capacity is currently reached, which prevents new owners from leasing the unit and limits the property's appeal to strictly owner-occupants for the foreseeable future.
- High Monthly HOA Dues
At $850 per month, the association fees are relatively high for this price point, which may impact overall affordability and the buyer's debt-to-income ratio.
About 1942 Grace Avenue 217
SELLER FINANCING AVAILABLE - 5% INTEREST RATE! A rare opportunity to own in the Hollywood Hills with attractive financing and the potential for significant monthly savings. Enjoy sweeping Hollywood skyline and hillside views, stunning sunsets from your private balcony, and exceptional walkability to the Hollywood Bowl, restaurants, cafes, shopping, and entertainment. This thoughtfully designed 2-bedroom, 2-bath residence features a desirable split-bedroom layout for added privacy, an open living and dining area, upgraded kitchen, in-unit laundry, central A/C, generous storage, and a spacious primary suite with a walk-in closet and ensuite bath. Resort-style amenities include a pool, spa, fitness center, tennis, racquetball, basketball, BBQ area, guest parking, and two side-by-side gated parking spaces. Conventional financing welcome. Seller financing subject to buyer qualification and mutually agreed-upon terms. HOA rentals are currently at capacity, making this an excellent opportunity for an owner-occupant. Buyer to independently verify all property details, HOA rules, and rental restrictions.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 50,507 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $850.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Selma Avenue Elementary School
Grades K-6 • 0.5 mi
4/10
Cheremoya Avenue Elementary School
Grades K-6 • 0.6 mi
6/10
Grant Elementary School
Grades K-6 • 1.1 mi
4/10
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 | 1,116 | 1,252.996 |
| Lot Size | 50,507 | 26,029.603 |
| Price | $625.0K | $778.5K |
| Price per sq ft | $560 | $629 |
| Built year | 1982 | 1981 |
| HOA | $850.0 | $676 |
| Days on market | 12 | 74 |
Pricing History
Listed for Sale
Oct 28, 2026
$625,000
Initial Listing
Sold
Oct 16, 2018
$595,000
Public Record
Sold
Sep 8, 2016
$485,000
Public Record
Sold
Nov 8, 2002
$320,000
Public Record
Sold
Jun 5, 2000
$166,000
Public Record