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.
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 2
Living Area: 6,029 SqFt
Listing Office:
Office Name: The Oppenheim Group, Inc.
Office Phone: (310) 990-6656
Listing Agent: Catherine Agro
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator, Dryer
Flooring Type: Wood
Interior: Atrium
Fireplace: Living Room
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights, Park, Hills, Valley, Trees/Woods
Parking Information:
Parking: Door-Single, Driveway, Garage, Gated
Lot Features
Lot Information:
Lot Size: 2.88 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Hollywood Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Hubert Howe Bancroft Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $6,995,000
Price Per SqFt: $1,160/SqFt
Tax Information:
Annual Amount: $76,547
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $5.9M more than the Median Sold Price and $520/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24433375
Listing Office:
Office Name: The Oppenheim Group, Inc.
Office Phone: (310) 990-6656
Listing Agent: Catherine Agro
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/26/2024, 6:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 29, 2019
Jan 29, 2019Home Sold
$6,500,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$76,547
$6,286,459
2020
$154,544
$6,222,000
2019
$154,254
$13,020,300
2018
$31,213
$12,765,000
2017
$31,213
$2,547,057
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.63 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school18.38 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school27.30 miles
Public Magnet Grades KG-5
Middle School
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.28 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.85 miles
Public District Grades 6-8
High School
6
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school0.56 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.72 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.98 miles
Public Magnet Grades 9-12
Assigned Schools
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.63 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school18.38 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school27.30 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.28 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.85 miles
Public District Grades 6-8
Nearby Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.52 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school0.56 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.72 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.98 miles
The neighbors living near this home have an average income of $80,510. Most Los Angeles, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2027 N Highland Ave
What is the listing price of this property?
The listing price of 2027 N Highland Ave property is $6,995,000.
What type of property is this?
The property 2027 N Highland Ave is a house located in Los Angeles, California, 90068.
Is this property for sale now?
Active Listing: 2027 N Highland Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2027 N Highland Ave are: Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Hubert Howe Bancroft Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Hollywood Senior High School: GreatSchools Rating 6/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $76,547 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 29, 2019 for $6,500,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2027 N Highland Ave has 6 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 2027 N Highland Ave is 6,029 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2027 N Highland Ave is 1920.
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This home is located at 2027 N Highland Ave in Los Angeles, CA and zip code 90068 in the Central LA neighborhood. This 6,029 square foot home, which was built in 1920, sits on a 2.88 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $6,995,000.
Los Angeles, CA housing market in August 2024 saw over 668 listings sold above listed price, more than 213 sold at listed price and over 728 sold below. Between July 2024 and August 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 7.2%. In August 2024 median list price was $1,013,623 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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