2027 N Highland Avenue

Los Angeles, CA 90068

$6,995,000

List Price

6

bed Beds

3

shower Baths

6,029 sqft

straighten / sqft

1920

calendar_month Built

Property 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.

Listing Information

List Price $6,995,000
Status Active
MLS 24433375
Type Residential
Subtype Single Family Residence
Year Built 1920
Lot Size 125,661
Structure Size 6,029
DOM 55
Courtesy Of The Oppenheim Group, Inc.
Listing Agent Catherine Agro DRE#02117995
Co-Listing Agent Jason Oppenheim DRE#01863254

Interior Features

Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 3
Flooring Information
Material Wood
Fireplace Information
Features Living Room
Additional Information
Additional Features Atrium
Cooling Type
Cooling Type Central Air

Exterior Information

Other Structures
Structures Guest House,Shed(s)
View Yes

Maps

Listing information courtesy of: Catherine Agro, Jason Oppenheim, The Oppenheim Group, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 28th, 2024 at 11:47 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.