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
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
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: 12/25/2024, 8:21:00 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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Gardner Street Elementary
7450 Hawthorn Ave
Distance between this listing and this school0.92 miles
Public District Grades PK-5
5
/10
Cheremoya Avenue School
6017 Franklin Ave
Distance between this listing and this school1.05 miles
Public District Grades PK-6
10
/10
Valley View Elementary
6921 Woodrow Wilson Dr
Distance between this listing and this school1.30 miles
Public District Grades KG-5
Nearby Schools
4
/10
Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.34 miles
Public District Grades 6-8
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school1.49 miles
Public District Grades 6-8
6
/10
Laurel School
925 N Hayworth Ave
Distance between this listing and this school1.94 miles
Public District Grades KG-8
Nearby Schools
6
/10
Hollywood High School
1521 N Highland Ave
Distance between this listing and this school0.57 miles
Public District Grades 9-12
2
/10
Richard A. Alonzo Community Day
5755 Fountain Ave
Distance between this listing and this school1.59 miles
Public District Grades 7-12
8
/10
Larchmont Charter
1265 N Fairfax Ave
Distance between this listing and this school1.62 miles
The neighbors living near this home have an average income of $80,510. Typical income of Los Angeles, CA residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
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 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.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 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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