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2027 N Highland AvenueHollywood, CA 90068
$5,995,000  
6  Bd
6  Ba
6,000  Sq. Ft.
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Key Insights
A
Overall Niche neighborhood grade
This neighborhood is incredibly desirable to live in! See details
NEW
Market Data
B-
Overall Niche school grade
The public schools in this area are good! See details

Awning Agent
Andreis Bergeron
Andreis Bergeron
#: Assistant to BK3520130
Andreis is the head of Brokerage Operations at Awning.
Note from Andreis
The advisor has not left any notes on this property.
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Response time: typically within an hour
Text or call  415-941-3401

Description
Magnificent and Rare nearly 3-acre Historical Monument. Was this romantic 1920 estate once owned by William Randolph Hearst Sr as one of many settings for his actress mistress and her glamorous friends from Hollywood's Golden Age? There's no proof, only rumors but the property's outdoor amphitheater and 25-car parking could be a clue. Today, the two-parcel property, among the last original parts of Hollywood's early Ocean View Tract, is a developer's dream set moments from the Hollywood Bowl and the center of New Hollywood. This romantic Tuscan-style compound could be renovated to its original '20s glory as a wonderful wooded manor ideal for entertaining and enjoying nature. It also has the potential to be divided to create five lots for single family residences at the upper end of the property off Glencoe Way which would enjoy views of the Hollywood Sign. The gated estate was designed by Dennis & Farwell, one of the West Coast's most important architectural firms known for designing the Hollywood Hotel and the Magic Castle. With LA landscape architect Paul J. Howard's design, it created magical grounds with nature trails, waterfalls and fountains. In the 1940s, the property became home to the Hollywood Art Center School, LA's first independent art school. It's founders, artists Henry and Mona Lue Lovins, are considered pioneers of today's Southern California Art School and students and faculty participated in such high-profile projects as the animation of Disney's Fantasia (1940), the Tommy Trojan Statue at USC (1930), and the iconic memorial to Rudolph Valentino in De Longpre Park (1930). The estate's over 3,000 square foot main villa is highlighted by a terracotta tile roof and soaring wrought iron gates opening to a circular inner courtyard with fountain. The living room, highlighted by a Batchelder fireplace, opens to a private patio with a waterfall. A formal dining room and library complete the public spaces. There is a guest suite on this level, along with two bedrooms off the kitchen ideal for a maid's quarters. The primary suite is secluded on the second floor. Nearby is a charming 1,551 square foot guest house with living room, kitchen, bedroom and office. The third structure is a small 1928 house with one-bedroom, separate utilities, and which can easily be converted to a studio. This is a rare and incomparable opportunity to acquire one of Hollywood's most iconic locations, surrounded in natural beauty and steeped in history.
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Listed by: Max Pellegrini · DRE#: Unavailable · Engel & Volkers Pasadena/Dilbeck RESource: MLS logo crmls · MLS#: P1 · Originating MLS: California Regional MLSAwning last checked: today at 10:55 AM | Last updated 08/31/2023Listing data provided via Home Junction MLS logo

Property Facts & Features
Facts
Units
1
$/SQFT
$1,333
$/Unit
$7,995,000
Lot size
111,078
Built in
1920
Days on Awning
694

Copyright: Listing Information © 2024 California Regional MLS. All Rights Reserved.Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2023-08-31 17:41:07 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. Properties may or may not be listed by the office/agent presenting the information.MLS logo
 
Awning Analysis The following projections are computed using a proprietary formula. It is a starting point in determining the financial potential for a specific property. The analysis is pulled from public property data and similar local properties listed for rent; there may be special features, location, and market conditions our algorithms have not taken into account.
Monthly Estimated Airbnb Revenue
$10,000

NeighborhoodGet to know what living in 90068 is like.
Report Card for 90068Niche grades and rankings are calculated using dozens of public data sets and millions of reviews. Learn more about how Niche calculates these grades.
Overall Grade
A

Public Schools
B-
Commute
B
Cost of Living
D+
Crime & Safety
C
Diversity
B+
Good for Families
B
Jobs
C+
Walkability
B+
Data provided by Niche.

Living in 90068
Bars
A-
Coffee Shops
A
Health & Fitness
A+
Nightlife
A-
Outdoor Activities
A
Parks
A-
Restaurants
B+
Weather
A+
Data provided by Niche.

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Schools in 90068
This is based on data from the U.S. Department of Education along reviews from students and parents.
Overall GradeThis home is in an B- school district, meaning the public schools in this area are good!
B-

Harbor Teacher Preparation AcademyGrades 9 to 12Serves this home • 36.6 miles away
A+
Academics
A
Teachers
A+
Student-Teacher Ratio
28:1
Total Students
467
Los Angeles Center for Enriched StudiesGrades 6 to 12Serves this home • 7.7 miles away
A+
Academics
A
Teachers
A+
Student-Teacher Ratio
26:1
Total Students
1670
Melrose Avenue Elementary SchoolGrades K to 6Serves this home • 2.6 miles away
A-
Academics
B+
Teachers
A
Student-Teacher Ratio
26:1
Total Students
443
F D Lanterman High SchoolGrades 6 to 12Serves this home • 10.0 miles away
A
Academics
A
Teachers
A+
Student-Teacher Ratio
8:1
Total Students
52
Downtown Magnets High SchoolGrades 9 to 12Serves this home • 9.5 miles away
A
Academics
A
Teachers
A
Student-Teacher Ratio
23:1
Total Students
1037
School data provided by Niche.  School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Market StatisticsMarket Statistics are provided directly from Niche, as well as calculated using historical transaction data provided by local governments.
90068 StatsSee how this home compares to the zip code medians.
90068 Median
Home Value
$1,228,400
Rent
$1,770
Rent-to-Income
24.0%
Income
$88,535
This Home
Listing Price
$5,995,000388% higher than zip
Rent
$10,000465% higher than zip
Rent to Income
135.5%465% higher than zip
Market statistics provided by Niche.

Average Home Price
See how the price of a home in the area has changed over time.
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in Year 2020
  • 90068
    $1,218,000
  • County
    $756,000
Average Price / SqFt
See how the price / sqft in the area has changed over time.
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in Year 2020
  • 90068
    $712
  • County
    $437

Demographics
Learn more about the area's income, population, and employment trends. Data provided by the US Census and the Bureau of Labor Statistics.
Household Income
See how the area’s average household income has changed over time.
This chart is unavailable due to screen size
in Year 2019
  • 90068
    $161k
  • County
    $87k

Population
See how the area’s total population has changed over time.
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in Year 2020
  • 90068
    22,436
  • Average in County
    35,074

Rent vs Own
See the percentage of homes occupied by owners in the area.
% Owner Occupied for 9006844%
% Owner Occupied for County49%

Employment
See the percentage of adults working white collar jobs in the area.
% White Collar for 9006856%
% White Collar for County61%

Hold Bachelor's Degree
See the percentage of adults who hold at least a bachelor's degree in the area.
9006867%
County36%

Age Distribution 90068
See the distribution of people by age in 90068.
Under 2024%
20 - 4429%
45-6432%
65+15%