2041 Grace Avenue, Los Angeles, California 90068, Los Angeles, 90068 - 4 bed, 4 bath
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Los Angeles, California 90068
This Historic Mediterranean Estate is a Strong Value Opportunity, listed at $3,600,000—positioned well below the $3,854,597 Fair Market Value by 6%. This valuation gap provides $254,597 in Instant Equity. Boasting an Excellent Condition Rating following a high-end renovation, the residence features a professional-grade kitchen, panoramic city-to-ocean views, and a prohibition-era speakeasy. Set on a rare double lot with a solar-heated pool and spa, it offers proximity to top-rated schools like Valley View Elementary. This is an elite acquisition for Luxury Owner-Occupants or Multi-Generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2041 Grace Avenue Subject | $3,600,000* List Price | 4 | 4 | 4,034 | $956 | - |
A 7020 La Presa Drive Sold | $4,250,000 | 4 | 5 | 4,665 | $911 | 0.4 mi |
B 2257 Chelan Drive Sold | $3,775,000 | 4 | 5 | 4,298 | $878 | 0.8 mi |
C 2311 Vasanta Way Sold | $3,100,000 | 4 | 6 | 4,200 | $738 | 0.7 mi |
D 7040 Hillside Avenue Sold | $2,850,000 | 3 | 3 | 2,736 | $1,042 | 0.6 mi |
E 7050 La Presa Drive Active | $3,695,000 List Price | 4 | 5 | 4,300 | $859 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1922, this Mediterranean estate has undergone an extensive, high-end renovation within the last 5 years, meeting the criteria for excellent condition. The kitchen is a standout feature with professional-grade appliances, a large center island with wood top, marble perimeter counters, and custom cabinetry. The property features updated designer light fixtures, pristine dark hardwood flooring throughout, and meticulously maintained historic details like the turret staircase and tiled fireplace. All systems, including the solar-heated pool and speakeasy bar, appear modern and well-integrated, showing no signs of deferred maintenance.
Built in 1922 in the iconic Whitley Heights enclave, this Mediterranean estate preserves vintage charm with a classic turret staircase and a unique prohibition-era speakeasy bar.
Situated on an expansive, gated double lot, the property offers rare seclusion in the Hollywood Hills with lush gardens, fruit trees, and a solar-heated pool and spa.
The home boasts breathtaking, unobstructed views stretching from the Downtown Los Angeles skyline to the Pacific Ocean, visible from the primary suite and main living areas.
As a century-old residence built in 1922, the property may require ongoing specialized maintenance or infrastructure updates typical of vintage Mediterranean estates.
While local elementary schools perform well, the assigned middle schools have lower ratings, which may be a consideration for families prioritizing top-tier public education.
Presenting 2041 Grace Ave, the gem of Hollywood Hills' iconic enclave of Whitley Heights. Built in 1922 by H. L. Wilson, this expansive Mediterranean style estate captures all the glamour and romance of vintage Hollywood. Situated high above the city on an extremely rare double lot teeming with fruit, elm and magnolia trees, this historic home is an entertainers dream boasting impressive outdoor spaces, spacious rooms with high ceilings, breathtaking views of Los Angeles, and walled and gated grounds for added privacy. The entry opens to a formal living room, captivating upon arrival and drawing one outward to panoramic city skyline views. Light moves gently throughout the day, settling into a soft, luminous dusk. Formal dining sits just beyond with French doors opening to a private garden with seating and firepit, creating an effortless indoor-outdoor flow. A true cook's kitchen, centered by an island offers ample cabinetry and a quaint breakfast nook with built-in banquet. A generous den/media room and a dedicated office open to a terrace with perfect flow to the grounds with pool, spa and meditation alcove. Up a classic turret staircase, the upper floor reveals a dreamy primary suite with decorative fireplace, overlooking the grounds and the city beyond with views that stretch from DTLA to the ocean. Two additional bedrooms and a full bath complete this level. A lower level offers added flexibility with a bonus room currently used as a home gym, a private guest suite with bath and separate entrance, plus generous storage. Spend your days lounging by the solar heated pool in a lush garden and your nights having drinks in your prohibition speakeasy bar. This is your Hollywood dream!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 4,034 | 2,402 | 88% |
| Lot Size | 9,471 | 7,147 | 64% |
| Price | $3.60M | $1.99M | 86% |
| Price per sq ft | $892 | $891 | 50% |
| Built year | 1922 | 1949 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 196 | 1% |
Mar 19, 2026
$3,600,000
Initial Listing
Feb 9, 2012
$1,600,000
Public Record