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MLS:24-433375

2027 Highland, Los Angeles, CA 90068

Priced at: $6,995,000
Bedrooms:
6
Bathrooms (Full):
3
Bathrooms (Half):
0
Living Area SqFt:
6,029 Sq Ft
Lot SqFt:
125,661 Sq Ft
Year Built:
1920
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.

Fees

Features

Equipment/ Appliances:
  • Dishwasher
  • Dryer
  • Refrigerator
  • Range/Oven
Parking:
  • Garage - 1 Car
  • Driveway
  • Gated
  • Other
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MLS: 24-433375
2027 Highland, Los Angeles, CA 90068
Price: $6,995,000
Listing courtesy of The Oppenheim Group, Inc.

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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