1940 N Highland Avenue 21
Los Angeles, CA, 90068
$559,000
MLS: 26680711
Beds
2
Baths
2
Sq Ft
1,063
Lot
1.51 ac
Year Built
1982
MLS #
26680711
Days on Market
9
Listed
Apr 8, 2026
Description
Welcome to The Terraces on Highland, a highly sought after full service community located in the vibrant heart of Hollywood. This beautifully updated two bedroom two bathroom corner residence offers a seamless blend of comfort, functionality, and modern improvements in one of Los Angeles most iconic neighborhoods. Residence 21 is a bright corner unit positioned near the elevator, offering convenient access while still maintaining a sense of separation within the home. The kitchen has been thoughtfully upgraded with sleek contemporary finishes, abundant cabinetry, and a practical layout that flows effortlessly into the living and dining areas. The living room is spacious and filled with natural light, creating an inviting environment for everyday living and entertaining. Both bathrooms were remodeled at the end of 2025 and showcase stylish finishes, updated vanities, and a modern aesthetic. The primary suite features a generously sized bedroom with its own en suite bathroom, while the second bedroom provides flexibility and works perfectly for guests, a home office, or creative use. Additional highlights include an in unit washer and dryer, two tandem parking spaces, and a valuable owner installed electric vehicle charger located directly at the parking space, a rare and highly desirable feature for Hollywood condominiums. The Terraces on Highland offers resort style amenities including a swimming pool, spa, fitness center, and sauna. The HOA includes hot and cold water, high speed internet, on site maintenance staff Monday through Saturday, secured garages, monitored common areas, and package lockers. Located just moments from the Hollywood Bowl, Ovation Hollywood, Magic Castle, Hollywood and Highland shopping and dining, the Dolby Theatre, TCL Chinese Theatre, Runyon Canyon, and the Walk of Fame, this residence places you at the center of dining, entertainment, nightlife, and culture. Nearby schools include Hollywood High School, Selma Avenue Elementary, along with a variety of private and charter school options. Easy access to major freeways, studios, Downtown, Los Angeles, West Hollywood, and public transit makes this an excellent primary residence or investment opportunity.
Location
Los Angeles, Los Angeles County, CA 90068
Open on Google Maps ↗Listed by: Stepan Boyadzhyan · Keller Williams Studio City
Payment estimate
$4,183
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $55,900 · Loan: $503,100
- Principal & Interest
- $3,091
- Property tax (1.25%)
- $582
- Homeowners insurance
- $300
- Mortgage insurance
- $210
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $19,565 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.
Similar Homes Nearby
Active and pending listings in ZIP 90068 (Los Angeles) within ±10% of this home's price and size.
$548,000
6748 Hillpark Drive 308
Los Angeles, 90068
$585,000
2700 Cahuenga Boulevard 2205
Los Angeles, 90068
$599,000
6752 Hillpark 303
Los Angeles, 90068
$599,000
2700 Cahuenga Boulevard E #4220
Los Angeles, 90068
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.