2027 N Highland Avenue
Los Angeles, CA 90068
6029 sqft | 6 beds | 3 baths | 2.88 acres | #24433375
Description
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.
Interior Details
- InteriorAtrium
Beds & Baths
- Bedrooms6
- Bathrooms3
- Full Baths3
Property Details
- ViewCityLights, ParkGreenbelt, Hills, Valley, TreesWoods
- Stories2
Measurements
- Acres2.8848
- Square Feet6029
Construction Details
- Property TypePurchase
Condition
- Year Built1920
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$6,995,000
Other
- MLS #24433375
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Catherine Agro (#CLW-C142452)
Listing Office: The Oppenheim Group, Inc. (#CLW-X80679)
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