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$6,995,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 3 Full Baths
  • 6,029 Sq. Ft.
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Discover a prime development opportunity on this legendary 3-acre estate in the heart of Hollywood. Formerly known as the Hollywood Art Center School, this historic property spans two lots and includes four interconnected buildings, including a 1920s Mediterranean-Revival mansion influenced by the architects of the nearby Magic Castle. The estate's grounds are a natural paradise, featuring scenic hiking trails, cascading waterfalls, and a 100-seat stone amphitheater with views of the Hollywood Hills and iconic sign. Potential development options being evaluated include the construction of a multi-story residential building in the R4 zone with up to 80 units, alongside the development of a private membership club within the existing historic buildings. The property may also support the construction of up to 80 hotel guest rooms within the R4 zone, with the possibility of additional detached bungalow-style hotel rooms along Glencoe Way in the R2 zone. This rare property combines historic charm with substantial development potential, all just minutes from the Hollywood Bowl and the vibrant energy of New Hollywood. Survey and summary available upon request.

Full Property Details for 2027 N Highland Ave

General

  • Price: $6,995,000
  • Status: Active
  • Type: Single Family
  • Source: CLAW
  • MLS ID: 24-433375
  • Updated: 11/7/2024
  • Added to Site: 128 day(s) ago

Interior

  • Rooms/Areas: Art Studio, Powder, Study/Office, Garage Apartment, Atrium, Other, Master Bedroom
  • Furnishings: Unfurnished
  • Flooring: Ceramic Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Laundry Area

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Other Features: Shed(s), GuestHouse

Parking

  • Covered Spaces: 1
  • Garage Description: Garage - 1 Car, Driveway, Gated, Other

Location

  • Area: Sunset Strip - Hollywood Hills West
  • County: Los Angeles
  • Driving Directions: Entry drive is on west side of Highland Ave, 1/2 block south of Camrose Drive, 1 block north of Franklin Ave. Property is gated.

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Structural Information

  • Architectural Style: Villa
  • Structure Type: Single Family Residence
  • Common Walls: Detached/No Common Walls
  • Stories/Levels: 2
  • Square Feet: 6,029
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1920
  • Year Built Source: Vendor Enhanced

Additional Structures

  • Other Structures: Shed(s), GuestHouse

Lot Features

  • Property View: City, City Lights, Hills, Green Belt, Tree Top, Trees/Woods, Valley
  • Lot Size (Acres): 2.9
  • Lot Size: 125661
  • Lot Size Source: Other
  • Zoning: LAR2

Financial Considerations

  • Price Per Sq. Ft.: $1,160.23
  • Assessment Year: 1920

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5549-030-001

Listed by The Oppenheim Group, Inc., Catherine Agro and The Oppenheim Group, Inc., Jason Oppenheim

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Listing agents

— 2027 N Highland Ave —

  • Catherine Agro

    The Oppenheim Group, Inc.

  • Jason Oppenheim

    The Oppenheim Group, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2027 N Highland Ave

School District:Los Angeles Unified School District
RatingNameGradesDistance
4
Gardner Street Elementary School
7450 Hawthorn Ave, Los Angeles, CA 90046
K-60.9 mi
4
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave, Los Angeles, CA 90038
6-81.3 mi
6
Hollywood Senior High School
1521 N Highland Ave, Los Angeles, CA 90028
9-120.6 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2027 N Highland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2024
Listed
$6,995,000
7.62%
MLS
1/16/2019
Sold
$6,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2027 N Highland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$81,143
5%
$6,540,430
2%
2022
$77,451
1%
$6,412,187
2%
2021
$76,547
-1%
$6,286,459
1%
2020
$77,266
-50%
$6,222,000
-52%
2019
$154,544
—
$13,020,300
2%
2018
$154,254
394%
$12,765,000
401%
2017
$31,213
2%
$2,547,057
2%
2016
$30,463
1%
$2,497,116
2%
2015
$30,020
-1%
$2,459,608
2%
2014
$30,232
—
$2,411,429
—
2013
$30,228
—
$2,400,532
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by The Oppenheim Group, Inc., Catherine Agro and The Oppenheim Group, Inc., Jason Oppenheim

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2027 N Highland Ave, Los Angeles, CA 90068 (MLS# 24-433375) is a Single Family property with 6 bedrooms and 3 full bathrooms. 2027 N Highland Ave is currently listed for $6,995,000 and was received on September 03, 2024. Want to learn more about 2027 N Highland Ave? Do you have questions about finding other Single Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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