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.
Property Details
Price:
$6,995,000
MLS #:
24433375
Status:
Active
Beds:
6
Baths:
3
Address:
2027 N Highland Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c03sunsetstriphollywoodhillswest
City:
Los Angeles
Listed Date:
Sep 3, 2024
State:
CA
Finished Sq Ft:
6,029
ZIP:
90068
Lot Size:
125,661 sqft / 2.88 acres (approx)
Year Built:
1920
Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Fireplace Features
Living Room
Flooring
Wood
Heating
Central
Exterior
Parking Features
Garage – Single Door, Driveway, Gated
Parking Spots
20.00
Pool Features
None
Spa Features
None
Stories Total
2
View
City Lights, Hills, Park/ Greenbelt, Trees/ Woods, Valley
Financial
Map
Community
- Address2027 N Highland Avenue Los Angeles CA
- AreaC03 – Sunset Strip – Hollywood Hills West
- CityLos Angeles
- CountyLos Angeles
- Zip Code90068
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Courtesy of The Oppenheim Group, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Robert Barksdale include the name of the listing broker. Neither the listing company nor Robert Barksdale shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2027 N Highland Avenue
Los Angeles, CA
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