1940 N Highland Avenue 21
Los Angeles, CA, 90068
$499,000
MLS: 26102615
Beds
2
Baths
2
Sq Ft
1,063
Lot
1.51 ac
Year Built
1982
MLS #
26102615
Days on Market
4
Listed
Oct 15, 2026
Description
You must discover unit 21 at The Terraces on Highland, a beautifully updated two-bedroom, two-bathroom corner residence near Hollywood. Located within a sought-after community, this inviting home combines modern improvements, a functional layout, and resort-style amenities in one of Los Angeles' most iconic neighborhoods. Ideally positioned near the elevator for added convenience, the residence offers a bright, welcoming interior with thoughtfully selected upgrades throughout. The kitchen features sleek contemporary finishes, ample cabinetry, and a practical layout that flows seamlessly into the living and dining areas. The spacious living room is filled with natural light, creating a comfortable setting for everyday living, relaxing, and entertaining. Both bathrooms were remodeled in 2025 and feature updated vanities, stylish finishes, and a clean, modern aesthetic. The primary suite offers a generously sized bedroom with its own en-suite bathroom, while the second bedroom provides versatile space for guests, a home office, or creative pursuits. Additional highlights include an in-unit washer and dryer, two tandem parking spaces, and an owner-installed electric vehicle charger located directly at the parking space, a valuable and highly desirable feature for Hollywood condominium living. The Terraces on Highland offers residents a range of resort-style amenities, including a swimming pool, spa, fitness center, and sauna. The HOA includes water, high-speed internet, and on-site maintenance staff available Monday through Friday. Additional community features include secured garages, monitored common areas, and package lockers, adding convenience and peace of mind to everyday living. Enjoy a prime Hollywood area location just moments from the Hollywood Bowl, Ovation Hollywood, the Magic Castle, Hollywood and Highland shopping and dining, the Dolby Theatre, TCL Chinese Theatre, Runyon Canyon hiking trails and the Hollywood Walk of Fame. From acclaimed restaurants and entertainment venues to nightlife, shopping, and cultural attractions, the surrounding neighborhood offers an abundance of options to explore and enjoy. Nearby educational options include Hollywood High School, Selma Avenue Elementary School, and a variety of private and charter schools. Convenient access to major freeways, entertainment studios, Downtown Los Angeles, West Hollywood, and public transportation makes commuting and exploring the greater Los Angeles area easier.
Location
Los Angeles, Los Angeles County, CA 90068
Open on Google Maps ↗Listed by: Stepan Boyadzhyan · Keller Williams Studio City
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$5,031
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $49,900 · Loan: $449,100
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,109
- Property tax (1.25%)
- $520
- Homeowners insurance
- $300
- Mortgage insurance
- $187
- HOA dues
- $915
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $17,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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